GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Stellar AfricaGold Inc (OTCPK:STLXD) » Definitions » Retained Earnings

Stellar AfricaGold (Stellar AfricaGold) Retained Earnings : $-19.56 Mil (As of Jan. 2024)


View and export this data going back to . Start your Free Trial

What is Stellar AfricaGold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Stellar AfricaGold's retained earnings for the quarter that ended in Jan. 2024 was $-19.56 Mil.

Stellar AfricaGold's quarterly retained earnings increased from Jul. 2023 ($-19.55 Mil) to Oct. 2023 ($-18.98 Mil) but then declined from Oct. 2023 ($-18.98 Mil) to Jan. 2024 ($-19.56 Mil).

Stellar AfricaGold's annual retained earnings declined from Jul. 2021 ($-18.41 Mil) to Jul. 2022 ($-19.06 Mil) and declined from Jul. 2022 ($-19.06 Mil) to Jul. 2023 ($-19.55 Mil).


Stellar AfricaGold Retained Earnings Historical Data

The historical data trend for Stellar AfricaGold'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.

Stellar AfricaGold Retained Earnings Chart

Stellar AfricaGold Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -18.92 -16.22 -18.41 -19.06 -19.55

Stellar AfricaGold Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 -18.89 -19.07 -19.55 -18.98 -19.56

Stellar AfricaGold 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.


Stellar AfricaGold  (OTCPK:STLXD) 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.


Stellar AfricaGold (Stellar AfricaGold) Business Description

Traded in Other Exchanges
Address
4908 Pine Crescent, Vancouver, BC, CAN, V6M 3P6
Stellar AfricaGold Inc is a precious metal exploration company. Its principal exploration project is the gold discovery at the Tichka Est Gold Project in Morocco, a grouping of seven permits covering an area of 82 km2. Stellar also holds the Namarana Gold Project in Mali.

Stellar AfricaGold (Stellar AfricaGold) Headlines

No Headlines