SunMirror AG (WBO:ROR1) Retained Earnings : €-25.78 Mil (As of Jun. 2024)

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What is SunMirror AG Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. SunMirror AG's retained earnings for the quarter that ended in Jun. 2024 was €-25.78 Mil.

SunMirror AG's quarterly retained earnings declined from Jun. 2023 (€-24.48 Mil) to Dec. 2023 (€-25.09 Mil) and declined from Dec. 2023 (€-25.09 Mil) to Jun. 2024 (€-25.78 Mil).

SunMirror AG's annual retained earnings declined from Jun. 2022 (€-22.03 Mil) to Jun. 2023 (€-24.48 Mil) and declined from Jun. 2023 (€-24.48 Mil) to Jun. 2024 (€-25.78 Mil).

SunMirror AG Retained Earnings Historical Data

The historical data trend for SunMirror AG'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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SunMirror AG Retained Earnings Chart

SunMirror AG Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Jun21

Jun22

Jun23

Jun24

Retained Earnings

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-0.08

-4.15

-22.03

-24.48

-25.78

SunMirror AG Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Retained Earnings	Get a 7-Day Free Trial									-22.03	-23.93	-24.48	-25.09	-25.78

SunMirror AG 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.

SunMirror AG (WBO:ROR1) 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.

SunMirror AG Business Description

Industry

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Address

General-Guisan-Strasse 6, Zug, CHE, 6300

Website

https://www.sunmirror.com

SunMirror AG is a mineral exploration company. It invests in pre-production mineral exploration assets with a focus on battery metals, iron ore, and gold deposits in developed markets, for evaluation and exploration to either produce minerals at a later stage or sell those assets. The company holds two exploration licenses and a mining royalty which includes the Moolyella property, the Kingston-Keith project, and Cape Lambert.

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