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Zoro Mining (Zoro Mining) Retained Earnings : $-24.90 Mil (As of Apr. 2012)


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What is Zoro Mining Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Zoro Mining's retained earnings for the quarter that ended in Apr. 2012 was $-24.90 Mil.

Zoro Mining's quarterly retained earnings declined from Apr. 2010 ($-18.82 Mil) to Apr. 2011 ($-20.81 Mil) and declined from Apr. 2011 ($-20.81 Mil) to Apr. 2012 ($-24.90 Mil).

Zoro Mining's annual retained earnings declined from Apr. 2010 ($-18.82 Mil) to Apr. 2011 ($-20.81 Mil) and declined from Apr. 2011 ($-20.81 Mil) to Apr. 2012 ($-24.90 Mil).


Zoro Mining Retained Earnings Historical Data

The historical data trend for Zoro Mining'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.

Zoro Mining Retained Earnings Chart

Zoro Mining Annual Data
Trend Apr04 Apr05 Apr06 Apr07 Apr08 Apr09 Apr10 Apr11 Apr12
Retained Earnings
Get a 7-Day Free Trial Premium Member Only -3.81 -7.22 -18.82 -20.81 -24.90

Zoro Mining Semi-Annual Data
Apr04 Apr05 Apr06 Apr07 Apr08 Apr09 Apr10 Apr11 Apr12
Retained Earnings Get a 7-Day Free Trial Premium Member Only -3.81 -7.22 -18.82 -20.81 -24.90

Zoro Mining 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.


Zoro Mining  (OTCPK:ZORM) 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.


Zoro Mining (Zoro Mining) Business Description

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Zoro Mining Corp was incorporated under the laws of the State of Nevada on April 20, 2004 under the name 'Rockdale Mining Corp'. Effective March 19, 2007, it merged with a wholly-owned subsidiary, Zoro Mining Corp., pursuant to Articles of merger filed with the Nevada Secretary of State. The merger was in the form of a parent/subsidiary merger with Rochdale Mining Corp. as the surviving corporation. Upon completion of the merger, its corporate name was changed to 'Zoro Mining Corp.' and its Articles of Incorporation were amended to reflect this name change. It is a natural resource exploration company currently engaged in the exploration, acquisition and development of property located in South America and Mexico. It plans to conduct exploration programs on its properties with the objective of ascertaining whether any of its properties contain economic concentrations of minerals that are prospective for mining. The Company currently has interests in an aggregate of approximately 27,294 net acres located in Chile, approximately 4,940 net acres in Peru, and a further 6,822 gross acres located in Mexico, targeting gold, copper and platinum. It operates in a highly competitive industry, competing with other mining and exploration mineral companies, and institutional and individual investors, which are actively seeking metal and mineral based exploration properties throughout the world together with the equipment, labor and materials required to exploit such properties. The Company's mineral exploration activities are, or would be, subject to extensive foreign laws and regulations governing prospecting, development, production, exports, taxes, labor standards, occupational health, waste disposal, protection and remediation of the environment, protection of endangered and protected species, mine safety, toxic substances and other matters.
Executives
Andrew A Brodkey other: No longer Section 16 4960 N. CAMINO ANTONIO, TUSCON AZ 85718
David Hackman director, officer: VP of Exploration 3040 NORTH CAMPBELL AVE., SUITE 110, TUCSON AZ 85719
Frank Garcia officer: Chief Financial Officer 3040 N. CAMPBELL AVE. SUITE #110, TUCSON AZ 85719
Jodi Henderson officer: Corporate Secretary 7033 EAST CALLE BETELGEUX, TUCSON AZ 85710

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