SolGold (LSE:SOLG) Retained Earnings : £-212.31 Mil (As of Dec. 2023)

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What is SolGold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. SolGold's retained earnings for the quarter that ended in Dec. 2023 was £-212.31 Mil.

SolGold's quarterly retained earnings increased from Mar. 2023 (£-197.61 Mil) to Jun. 2023 (£-195.70 Mil) but then declined from Jun. 2023 (£-195.70 Mil) to Dec. 2023 (£-212.31 Mil).

SolGold's annual retained earnings declined from Jun. 2021 (£-99.03 Mil) to Jun. 2022 (£-107.66 Mil) and declined from Jun. 2022 (£-107.66 Mil) to Jun. 2023 (£-195.70 Mil).

SolGold Retained Earnings Historical Data

The historical data trend for SolGold'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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SolGold Retained Earnings Chart

SolGold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Retained Earnings

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-94.95

-106.53

-99.03

-107.66

-195.70

SolGold Quarterly Data
	Dec16	Jun17	Sep17	Dec17	Jun18	Sep18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-107.66	-123.31	-197.61	-195.70	-212.31

SolGold 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.

SolGold (LSE:SOLG) 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.

SolGold (LSE:SOLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » SolGold PLC (LSE:SOLG) » Definitions » Retained Earnings

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Address

1 King Street, London, GBR, EC2V 8AU

Website

https://www.solgold.com.au

SolGold PLC is a developer of an exploration company intended to explore gold and copper mining properties. The company's platform helps in the discovery, definition and development of world-class copper-gold deposits, enabling systematic and discipline exploration of both metals.

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