GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Hunter Resources Inc (XCNQ:HUNT) » Definitions » Retained Earnings

Gold Hunter Resources (XCNQ:HUNT) Retained Earnings : C$-3.23 Mil (As of Feb. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Gold Hunter Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Gold Hunter Resources's retained earnings for the quarter that ended in Feb. 2024 was C$-3.23 Mil.

Gold Hunter Resources's quarterly retained earnings declined from Aug. 2023 (C$-2.84 Mil) to Nov. 2023 (C$-3.04 Mil) and declined from Nov. 2023 (C$-3.04 Mil) to Feb. 2024 (C$-3.23 Mil).

Gold Hunter Resources's annual retained earnings declined from Aug. 2021 (C$-0.49 Mil) to Aug. 2022 (C$-1.02 Mil) and declined from Aug. 2022 (C$-1.02 Mil) to Aug. 2023 (C$-2.84 Mil).


Gold Hunter Resources Retained Earnings Historical Data

The historical data trend for Gold Hunter 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.

* Premium members only.

Gold Hunter Resources Retained Earnings Chart

Gold Hunter Resources Annual Data
Trend Aug20 Aug21 Aug22 Aug23
Retained Earnings
-0.11 -0.49 -1.02 -2.84

Gold Hunter Resources Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 -1.24 -1.35 -2.84 -3.04 -3.23

Gold Hunter 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.


Gold Hunter Resources  (XCNQ:HUNT) 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.


Gold Hunter Resources (XCNQ:HUNT) Business Description

Traded in Other Exchanges
N/A
Address
75 – 8050 204th Street, Langley, BC, CAN, V2Y 0X1
Gold Hunter Resources Inc is engaged in the business of acquiring and exploring mineral resource properties. The company focuses on the Cameron Lake East Project located in the Kenora Mining Division of northwestern Ontario, 75 km southeast of the town of Kenora.
Executives
Blair Lawrence Naughty 10% Security Holder

Gold Hunter Resources (XCNQ:HUNT) Headlines

No Headlines