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VRCFF (Supreme Critical Metals) Retained Earnings : $-28.58 Mil (As of Aug. 2024)


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What is Supreme Critical Metals Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Supreme Critical Metals's retained earnings for the quarter that ended in Aug. 2024 was $-28.58 Mil.

Supreme Critical Metals's quarterly retained earnings increased from Feb. 2024 ($-28.60 Mil) to May. 2024 ($-28.44 Mil) but then declined from May. 2024 ($-28.44 Mil) to Aug. 2024 ($-28.58 Mil).

Supreme Critical Metals's annual retained earnings increased from Feb. 2022 ($-27.67 Mil) to Feb. 2023 ($-27.21 Mil) but then declined from Feb. 2023 ($-27.21 Mil) to Feb. 2024 ($-28.60 Mil).


Supreme Critical Metals Retained Earnings Historical Data

The historical data trend for Supreme Critical Metals'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.

* Premium members only.

Supreme Critical Metals Retained Earnings Chart

Supreme Critical Metals Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -22.14 -25.18 -27.67 -27.21 -28.60

Supreme Critical Metals Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -28.45 -28.05 -28.60 -28.44 -28.58

Supreme Critical Metals 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.


Supreme Critical Metals  (OTCPK:VRCFF) 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.


Supreme Critical Metals Business Description

Traded in Other Exchanges
Address
355 Burrard Street, Suite 1780, Vancouver, BC, CAN, V6C 2G8
Supreme Critical Metals Inc formerly Victory Battery Metals Corp is a Canadian mineral exploration company. The company operates through two segments namely Acquisition, Exploration, and Development of mineral properties and Administrative and Investing activities. Geographically, it operates in Canada and USA. Its projects portfolio includes Smokey Lithium, Mal-Wen, Loner Property, Hammond Reef South, Lac Simard, and Black Diablo.