Defense Metals (TSXV:DEFN) Retained Earnings : C$-14.83 Mil (As of Dec. 2023)

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What is Defense Metals Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Defense Metals's retained earnings for the quarter that ended in Dec. 2023 was C$-14.83 Mil.

Defense Metals's quarterly retained earnings declined from Mar. 2023 (C$-12.64 Mil) to Sep. 2023 (C$-13.58 Mil) and declined from Sep. 2023 (C$-13.58 Mil) to Dec. 2023 (C$-14.83 Mil).

Defense Metals's annual retained earnings declined from Mar. 2021 (C$-6.15 Mil) to Mar. 2022 (C$-9.93 Mil) and declined from Mar. 2022 (C$-9.93 Mil) to Mar. 2023 (C$-12.64 Mil).

Defense Metals Retained Earnings Historical Data

The historical data trend for Defense Metals'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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Defense Metals Retained Earnings Chart

Defense Metals Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Retained Earnings

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-2.27

-3.50

-6.15

-9.93

-12.64

Defense Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-11.04	-11.92	-12.64	-13.58	-14.83

Defense Metals 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.

Defense Metals (TSXV:DEFN) 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.

Defense Metals (TSXV:DEFN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Defense Metals Corp (TSXV:DEFN) » Definitions » Retained Earnings

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DFMTF:USA 35D:Germany

Address

228 - 1122 Mainland Street, Suite 605, Vancouver, BC, CAN, V6B 5L1

Website

https://www.defensemetals.com

Defense Metals Corp is a mineral exploration company focused on metals and elements commonly used in the EV market, military, national security, and "GREEN" energy technologies, such as high-strength alloys and rare earth magnets. It holds a portfolio of 100% of the 1,708 hectares of Rare Earth Wicheeda Property in British Columbia, Canada. The mineral deposits are commonly used in the electric power market, defence industry, national security sector, and in the production of green energy technologies.

Executives

Craig Taylor

Director