Rush Rare Metals (XCNQ:RSH) Retained Earnings : C$-1.00 Mil (As of Dec. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Rush Rare Metals Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Rush Rare Metals's retained earnings for the quarter that ended in Dec. 2024 was C$-1.00 Mil.

Rush Rare Metals's quarterly retained earnings declined from Jun. 2024 (C$-1.15 Mil) to Sep. 2024 (C$-1.16 Mil) but then increased from Sep. 2024 (C$-1.16 Mil) to Dec. 2024 (C$-1.00 Mil).

Rush Rare Metals's annual retained earnings declined from Jun. 2022 (C$-0.13 Mil) to Jun. 2023 (C$-0.62 Mil) and declined from Jun. 2023 (C$-0.62 Mil) to Jun. 2024 (C$-1.15 Mil).

Rush Rare Metals Retained Earnings Historical Data

The historical data trend for Rush Rare 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.

* Premium members only.

Rush Rare Metals Retained Earnings Chart

Rush Rare Metals Annual Data

Trend

Jun22

Jun23

Jun24

Retained Earnings

-0.13

-0.62

-1.15

Rush Rare Metals Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Retained Earnings	Get a 7-Day Free Trial							-0.85	-0.88	-1.15	-1.16	-1.00

Rush Rare 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.

Rush Rare Metals (XCNQ:RSH) 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.

Rush Rare Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rush Rare Metals Corp (XCNQ:RSH) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

RSHMF:USA K9A:Germany

Address

1090 West Georgia Street, Suite 600, Vancouver, BC, CAN, V6E 3V7

Website

https://www.rushraremetals.com

Rush Rare Metals Corp is a mineral exploration company focused on its Boxi Property located in the Province of Quebec, Canada. The company also owns the Copper Mountain Project located in Wyoming, USA.

Rush Rare Metals Headlines

No Headlines