Xplore Resources (TSXV:XPLR) Retained Earnings : C$-3.66 Mil (As of Sep. 2024)

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What is Xplore Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Xplore Resources's retained earnings for the quarter that ended in Sep. 2024 was C$-3.66 Mil.

Xplore Resources's quarterly retained earnings declined from Mar. 2024 (C$-2.25 Mil) to Jun. 2024 (C$-3.34 Mil) and declined from Jun. 2024 (C$-3.34 Mil) to Sep. 2024 (C$-3.66 Mil).

Xplore Resources's annual retained earnings declined from Jun. 2022 (C$-1.13 Mil) to Jun. 2023 (C$-1.51 Mil) and declined from Jun. 2023 (C$-1.51 Mil) to Jun. 2024 (C$-3.34 Mil).

Xplore Resources Retained Earnings Historical Data

The historical data trend for Xplore Resources's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Xplore Resources Retained Earnings Chart

Xplore Resources Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Retained Earnings

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-0.32

-0.94

-1.13

-1.51

-3.34

Xplore Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															-1.53	-1.77	-2.25	-3.34	-3.66

Xplore Resources Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Xplore Resources (TSXV:XPLR) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Xplore Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xplore Resources Corp (TSXV:XPLR) » Definitions » Retained Earnings

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Address

200 Burrard Street, Suite 1615, Vancouver, BC, CAN, V6C 3L6

Website

https://www.xploreresources.com

Xplore Resources Corp is a mining exploration company. It is engaged in the acquisition and exploration of mineral property assets located in Canada and Brazil. The company holds an interest in the Surge Root project, Perrigo project, Raggy Creek, Aerial Lake, and Cathy Creek properties among others.