Hi-View Resources (XCNQ:HVW) Retained Earnings : C$-0.73 Mil (As of Mar. 2024)

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What is Hi-View Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Hi-View Resources's retained earnings for the quarter that ended in Mar. 2024 was C$-0.73 Mil.

Hi-View Resources's quarterly retained earnings declined from Sep. 2023 (C$-0.64 Mil) to Dec. 2023 (C$-0.69 Mil) and declined from Dec. 2023 (C$-0.69 Mil) to Mar. 2024 (C$-0.73 Mil).

Hi-View Resources's annual retained earnings declined from Sep. 2021 (C$-0.04 Mil) to Sep. 2022 (C$-0.19 Mil) and declined from Sep. 2022 (C$-0.19 Mil) to Sep. 2023 (C$-0.64 Mil).

Hi-View Resources Retained Earnings Historical Data

The historical data trend for Hi-View 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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Hi-View Resources Retained Earnings Chart

Hi-View Resources Annual Data

Trend

Sep21

Sep22

Sep23

Retained Earnings

-0.04

-0.19

-0.64

Hi-View Resources Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial						-0.26	-0.36	-0.64	-0.69	-0.73

Hi-View 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.

Hi-View Resources (XCNQ:HVW) 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.

Hi-View Resources (XCNQ:HVW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hi-View Resources Inc (XCNQ:HVW) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

B63:Germany

Address

422 Richards Street, Suite 170, Vancouver, BC, CAN, V6B 2Z4

Website

Hi-View Resources Inc is engaged in the acquisition, exploration, and development of mineral resource properties. The company's sole mineral property interest is the Ket 28 Option on the Ket 28 Property located in the Greenwood Mining Division in south-central British Columbia.

Executives

Steve Mathiesen

Director, Senior Officer

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