Siren Gold (ASX:SNG) Retained Earnings : A$-6.53 Mil (As of Jun. 2023)

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What is Siren Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Siren Gold's retained earnings for the quarter that ended in Jun. 2023 was A$-6.53 Mil.

Siren Gold's quarterly retained earnings declined from Jun. 2022 (A$-4.83 Mil) to Dec. 2022 (A$-5.77 Mil) and declined from Dec. 2022 (A$-5.77 Mil) to Jun. 2023 (A$-6.53 Mil).

Siren Gold's annual retained earnings declined from Dec. 2021 (A$-4.07 Mil) to Dec. 2022 (A$-5.77 Mil) and declined from Dec. 2022 (A$-5.77 Mil) to Dec. 2023 (A$-7.55 Mil).

Siren Gold Retained Earnings Historical Data

The historical data trend for Siren 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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Siren Gold Retained Earnings Chart

Siren Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Retained Earnings

-2.75

-4.07

-5.77

-7.55

Siren Gold Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial			-4.07	-4.83	-5.77	-6.53	-7.55

Siren 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.

Siren Gold (ASX:SNG) 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.

Siren Gold (ASX:SNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Siren Gold Ltd (ASX:SNG) » Definitions » Retained Earnings

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Address

295 Rokeby Road, Suite 1, Subiaco, Perth, WA, AUS, 6008

Website

https://www.sirengold.com.au

Siren Gold Ltd is engaged in the exploration and development of gold properties in New Zealand. The company holds Big River, Reefton gold, Alexander River, Reefton South, Auld creek, Cumberland, and other projects in its portfolio.

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