Sorrento Resources (XCNQ:SRS) Retained Earnings : C$-1.10 Mil (As of Dec. 2023)

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

What is Sorrento Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Sorrento Resources's retained earnings for the quarter that ended in Dec. 2023 was C$-1.10 Mil.

Sorrento Resources's quarterly retained earnings declined from Jun. 2023 (C$-0.66 Mil) to Sep. 2023 (C$-0.89 Mil) and declined from Sep. 2023 (C$-0.89 Mil) to Dec. 2023 (C$-1.10 Mil).

Sorrento Resources's annual retained earnings increased from . 20 (C$0.00 Mil) to Jun. 2022 (C$-0.23 Mil) but then declined from Jun. 2022 (C$-0.23 Mil) to Jun. 2023 (C$-0.66 Mil).

Sorrento Resources Retained Earnings Historical Data

The historical data trend for Sorrento 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.

* Premium members only.

Sorrento Resources Retained Earnings Chart

Sorrento Resources Annual Data

Trend

Jun22

Jun23

Retained Earnings

-0.23

-0.66

Sorrento Resources Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial				-0.34	-0.46	-0.66	-0.89	-1.10

Sorrento 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.

Sorrento Resources (XCNQ:SRS) 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.

Sorrento Resources (XCNQ:SRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sorrento Resources Ltd (XCNQ:SRS) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

SRSLF:USA

Address

9285 - 203B Street, Langley, BC, CAN, V1M 2L9

Website

https://www.sorrentoresources.ca

Sorrento Resources Ltd engages in the exploration, development, and exploitation of mineral resources in Canada. Its projects include Wing Pond project, Harmsworth project, PEG lithium project, Silver Mountain project and others.

Executives

Blair Lawrence Naughty

10% Security Holder