Minas Metals (XCNQ:MINA) Retained Earnings : C$-3.16 Mil (As of Oct. 2023)

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What is Minas Metals Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Minas Metals's retained earnings for the quarter that ended in Oct. 2023 was C$-3.16 Mil.

Minas Metals's quarterly retained earnings declined from Apr. 2023 (C$-2.48 Mil) to Jul. 2023 (C$-2.75 Mil) and declined from Jul. 2023 (C$-2.75 Mil) to Oct. 2023 (C$-3.16 Mil).

Minas Metals's annual retained earnings increased from . 20 (C$0.00 Mil) to Jan. 2022 (C$-1.81 Mil) but then declined from Jan. 2022 (C$-1.81 Mil) to Jan. 2023 (C$-2.37 Mil).

Minas Metals Retained Earnings Historical Data

The historical data trend for Minas Metals'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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Minas Metals Retained Earnings Chart

Minas Metals Annual Data

Trend

Jan22

Jan23

Retained Earnings

-1.81

-2.37

Minas Metals Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Retained Earnings	Get a 7-Day Free Trial						-2.30	-2.37	-2.48	-2.75	-3.16

Minas Metals 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.

Minas Metals (XCNQ:MINA) 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.

Minas Metals (XCNQ:MINA) Business Description

Industry

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Address

1030 West Georgia Street, Suite 918, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.minasmetals.ca

Minas Metals Ltd is a Canadian junior mining exploration company exploring its flagship Cracker Creek gold project in northeastern Oregon, USA, and battery metal projects in Minas Gerais state of Brazil, a mining-friendly jurisdiction that is quickly emerging as a world-class hard-rock lithium district.

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