Angus Gold (TSXV:GUS) Retained Earnings : C$-19.87 Mil (As of Oct. 2023)

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What is Angus Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Angus Gold's retained earnings for the quarter that ended in Oct. 2023 was C$-19.87 Mil.

Angus Gold's quarterly retained earnings declined from Apr. 2023 (C$-17.15 Mil) to Jul. 2023 (C$-18.36 Mil) and declined from Jul. 2023 (C$-18.36 Mil) to Oct. 2023 (C$-19.87 Mil).

Angus Gold's annual retained earnings declined from Jan. 2021 (C$-5.01 Mil) to Jan. 2022 (C$-8.98 Mil) and declined from Jan. 2022 (C$-8.98 Mil) to Jan. 2023 (C$-15.71 Mil).

Angus Gold Retained Earnings Historical Data

The historical data trend for Angus 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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Angus Gold Retained Earnings Chart

Angus Gold Annual Data

Trend

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Retained Earnings

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-0.30

-0.58

-5.01

-8.98

-15.71

Angus Gold Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Retained Earnings	Get a 7-Day Free Trial															-13.94	-15.71	-17.15	-18.36	-19.87

Angus 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.

Angus Gold (TSXV:GUS) 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.

Angus Gold (TSXV:GUS) Business Description

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ANGVF:USA

Address

18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.angusgold.com

Angus Gold Inc is a gold exploration company focused on the acquisition, exploration, and development of mineral properties. Its principal project is Golden Sky, located in Wawa, Ontario.

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