Auric Minerals (XCNQ:AUMC) Retained Earnings : C$-0.77 Mil (As of Jan. 2025)

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What is Auric Minerals Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Auric Minerals's retained earnings for the quarter that ended in Jan. 2025 was C$-0.77 Mil.

Auric Minerals's quarterly retained earnings declined from Jul. 2024 (C$-0.33 Mil) to Oct. 2024 (C$-0.35 Mil) and declined from Oct. 2024 (C$-0.35 Mil) to Jan. 2025 (C$-0.77 Mil).

Auric Minerals's annual retained earnings declined from Oct. 2022 (C$-0.03 Mil) to Oct. 2023 (C$-0.17 Mil) and declined from Oct. 2023 (C$-0.17 Mil) to Oct. 2024 (C$-0.35 Mil).

Auric Minerals Retained Earnings Historical Data

The historical data trend for Auric Minerals'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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Auric Minerals Retained Earnings Chart

Auric Minerals Annual Data

Trend

Oct21

Oct22

Oct23

Oct24

Retained Earnings

-0.03

-0.17

-0.35

Auric Minerals Quarterly Data
	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Retained Earnings	Get a 7-Day Free Trial									-0.23	-0.28	-0.33	-0.35	-0.77

Auric Minerals 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.

Auric Minerals (XCNQ:AUMC) 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.

Auric Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Auric Minerals Corp (XCNQ:AUMC) » Definitions » Retained Earnings

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Address

106-482 South Service Road, East, Suite 125, Oakville, ON, CAN, L6J 2X6

Website

Auric Minerals Corp engages in the acquisition, exploration, and evaluation of mineral property interests located in Canada.

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