Prudent Minerals (XCNQ:PRUD) Retained Earnings : C$-1.35 Mil (As of Nov. 2023)

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What is Prudent Minerals Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Prudent Minerals's retained earnings for the quarter that ended in Nov. 2023 was C$-1.35 Mil.

Prudent Minerals's quarterly retained earnings declined from May. 2023 (C$-1.12 Mil) to Aug. 2023 (C$-1.29 Mil) and declined from Aug. 2023 (C$-1.29 Mil) to Nov. 2023 (C$-1.35 Mil).

Prudent Minerals's annual retained earnings declined from Feb. 2021 (C$-0.02 Mil) to Feb. 2022 (C$-0.28 Mil) and declined from Feb. 2022 (C$-0.28 Mil) to Feb. 2023 (C$-0.98 Mil).

Prudent Minerals Retained Earnings Historical Data

The historical data trend for Prudent 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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Prudent Minerals Retained Earnings Chart

Prudent Minerals Annual Data

Trend

Feb21

Feb22

Feb23

Retained Earnings

-0.02

-0.28

-0.98

Prudent Minerals Quarterly Data
	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Retained Earnings	Get a 7-Day Free Trial							-0.78	-0.98	-1.12	-1.29	-1.35

Prudent 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.

Prudent Minerals (XCNQ:PRUD) 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.

Prudent Minerals (XCNQ:PRUD) Business Description

Industry

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

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Traded in Other Exchanges

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Address

1100 Melville Street, Suite 830, Vancouver, BC, CAN, V6E 4A6

Website

Prudent Minerals Corp is a natural resource company engaged in the acquisition, exploration, and development of mineral properties. Its objective is to conduct an exploration program on the SAT Property located in west central British Columbia.

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