Cameo Resources (XCNQ:MEO) Retained Earnings : C$-1.50 Mil (As of May. 2024)

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What is Cameo Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Cameo Resources's retained earnings for the quarter that ended in May. 2024 was C$-1.50 Mil.

Cameo Resources's quarterly retained earnings declined from Nov. 2023 (C$-1.23 Mil) to Feb. 2024 (C$-1.28 Mil) and declined from Feb. 2024 (C$-1.28 Mil) to May. 2024 (C$-1.50 Mil).

Cameo Resources's annual retained earnings declined from Aug. 2021 (C$-1.05 Mil) to Aug. 2022 (C$-1.20 Mil) and declined from Aug. 2022 (C$-1.20 Mil) to Aug. 2023 (C$-1.47 Mil).

Cameo Resources Retained Earnings Historical Data

The historical data trend for Cameo 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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Cameo Resources Retained Earnings Chart

Cameo Resources Annual Data

Trend

Aug17

Aug18

Aug19

Aug21

Aug22

Aug23

Retained Earnings

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-0.26

-0.58

-1.05

-1.20

-1.47

Cameo Resources Quarterly Data
	Aug17	May18	Aug18	May19	Aug19	May20	Aug21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Retained Earnings	Get a 7-Day Free Trial												-1.38	-1.47	-1.23	-1.28	-1.50

Cameo 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.

Cameo Resources (XCNQ:MEO) 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.

Cameo Resources Business Description

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

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Address

145A Street, No. 5623, Surrey, BC, CAN, V3S 8E3

Website

Cameo Resources Inc is a mineral exploration company incorporated and domiciled in British Columbia, Canada. The business objective of the company is to identify, evaluate, acquire and explore mineral properties for the purposes of identifying a mineral resource deposit at its flagship Nevada Project, as well as any other mineral properties that the company may acquire an interest in from time to time subsequent to the date hereof.

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