Galiano Gold (Galiano Gold) Retained Earnings : $-431.81 Mil (As of Dec. 2023)

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What is Galiano Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Galiano Gold's retained earnings for the quarter that ended in Dec. 2023 was $-431.81 Mil.

Galiano Gold's quarterly retained earnings increased from Jun. 2023 ($-437.44 Mil) to Sep. 2023 ($-426.06 Mil) but then declined from Sep. 2023 ($-426.06 Mil) to Dec. 2023 ($-431.81 Mil).

Galiano Gold's annual retained earnings increased from Dec. 2021 ($-498.71 Mil) to Dec. 2022 ($-457.90 Mil) and increased from Dec. 2022 ($-457.90 Mil) to Dec. 2023 ($-431.81 Mil).

Galiano Gold Retained Earnings Historical Data

The historical data trend for Galiano Gold'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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Galiano Gold Retained Earnings Chart

Galiano Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-487.20

-429.82

-498.71

-457.90

-431.81

Galiano Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-457.90	-449.41	-437.44	-426.06	-431.81

Galiano Gold 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.

Galiano Gold (AMEX:GAU) 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.

Galiano Gold (Galiano Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Galiano Gold Inc (AMEX:GAU) » Definitions » Retained Earnings

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Address

1066 West Hastings Street, Suite 1640, Vancouver, BC, CAN, V6E 3X1

Website

https://www.galianogold.com

Galiano Gold Inc is focused on building a sustainable business capable of long term value creation for its stakeholders through a combination of exploration, accretive acquisitions, and the disciplined deployment of its financial resources. The company currently operates and manages the Asanko Gold Mine, located in Ghana, West Africa. Its Asanko Gold Mine is a multi-deposit complex, with two main deposits, the Obotan Project and the Esaase Project, both located in the Amansie West District of the Republic of Ghana, West Africa.