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Mineral Resources (Mineral Resources) Retained Earnings : $1,955 Mil (As of Dec. 2023)


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What is Mineral Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Mineral Resources's retained earnings for the quarter that ended in Dec. 2023 was $1,955 Mil.

Mineral Resources's quarterly retained earnings declined from Dec. 2022 ($1,953 Mil) to Jun. 2023 ($1,690 Mil) but then increased from Jun. 2023 ($1,690 Mil) to Dec. 2023 ($1,955 Mil).

Mineral Resources's annual retained earnings declined from Jun. 2021 ($2,044 Mil) to Jun. 2022 ($1,893 Mil) and declined from Jun. 2022 ($1,893 Mil) to Jun. 2023 ($1,690 Mil).


Mineral Resources Retained Earnings Historical Data

The historical data trend for Mineral 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.

Mineral Resources Retained Earnings Chart

Mineral Resources Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 581.43 1,199.72 2,043.81 1,892.83 1,690.47

Mineral Resources Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,690.63 1,892.83 1,952.63 1,690.47 1,954.62

Mineral 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.


Mineral Resources  (OTCPK:MALRY) 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.


Mineral Resources (Mineral Resources) Business Description

Traded in Other Exchanges
Address
20 Walters Drive, Osborne Park, Applecross, Western Australia, WA, AUS, 6017
Mineral Resources listed on the ASX in 2006 following the merger of three mining services businesses. The subsidiary companies were previously owned by managing director Chris Ellison, who remains a large shareholder despite selling down. Operations include iron ore and lithium mining, iron ore crushing and screening services for third parties, and engineering and construction for mining companies. Mining and contracting activity is focused in Western Australia.

Mineral Resources (Mineral Resources) Headlines

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