Steadright Critical Minerals (XCNQ:SCM) Retained Earnings : C$-2.17 Mil (As of Sep. 2024)

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What is Steadright Critical Minerals Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Steadright Critical Minerals's retained earnings for the quarter that ended in Sep. 2024 was C$-2.17 Mil.

Steadright Critical Minerals's quarterly retained earnings declined from Mar. 2024 (C$-1.48 Mil) to Jun. 2024 (C$-1.76 Mil) and declined from Jun. 2024 (C$-1.76 Mil) to Sep. 2024 (C$-2.17 Mil).

Steadright Critical Minerals's annual retained earnings declined from Mar. 2022 (C$-0.35 Mil) to Mar. 2023 (C$-0.94 Mil) and declined from Mar. 2023 (C$-0.94 Mil) to Mar. 2024 (C$-1.48 Mil).

Steadright Critical Minerals Retained Earnings Historical Data

The historical data trend for Steadright Critical 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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Steadright Critical Minerals Retained Earnings Chart

Steadright Critical Minerals Annual Data

Trend

Mar22

Mar23

Mar24

Retained Earnings

-0.35

-0.94

-1.48

Steadright Critical Minerals Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial								-0.73	-0.80	-1.48	-1.76	-2.17

Steadright Critical 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.

Steadright Critical Minerals (XCNQ:SCM) 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.

Steadright Critical Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Steadright Critical Minerals Inc (XCNQ:SCM) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

1 Crescent Road, Suite 216, Huntsville, ON, CAN, P1H 1Z6

Website

https://www.steadright.ca

Steadright Critical Minerals Inc is a mining exploration company. The company is engaged in the exploration and evaluation of mineral properties. It explores nickel, copper cobalt, and PGE (Platinum Group Elements) minerals. The company has a focus on the RAM project located within the Province of Quebec.

Executives