Minera IRL (XCNQ:MIRL) Retained Earnings : C$-162.00 Mil (As of Mar. 2024)

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What is Minera IRL Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Minera IRL's retained earnings for the quarter that ended in Mar. 2024 was C$-162.00 Mil.

Minera IRL's quarterly retained earnings declined from Jun. 2023 (C$-140.95 Mil) to Sep. 2023 (C$-154.07 Mil) and declined from Sep. 2023 (C$-154.07 Mil) to Mar. 2024 (C$-162.00 Mil).

Minera IRL's annual retained earnings declined from Dec. 2020 (C$-103.26 Mil) to Dec. 2021 (C$-103.68 Mil) and declined from Dec. 2021 (C$-103.68 Mil) to Dec. 2022 (C$-131.77 Mil).

Minera IRL Retained Earnings Historical Data

The historical data trend for Minera IRL'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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Minera IRL Retained Earnings Chart

Minera IRL Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Retained Earnings

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-122.77

-135.46

-103.26

-103.68

-131.77

Minera IRL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Retained Earnings	Get a 7-Day Free Trial															-131.77	-138.47	-140.95	-154.07	-162.00

Minera IRL 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.

Minera IRL (XCNQ:MIRL) 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.

Minera IRL (XCNQ:MIRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Minera IRL Ltd (XCNQ:MIRL) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

MRLLF:USA MIRL:Peru DZX:Germany

Address

15 Esplanade, Hawksford House, Saint Helier, JEY, JE1 1RB

Website

https://www.minera-irl.com

Minera IRL Ltd is engaged in the development and operation of gold mines in Peru. It is engaged in the exploration, development and operation of mines for the extraction of metals. It operates the Corihuarmi Gold Mine and owns the Ollachea Project through its subsidiaries. The Ollachea Project has a completed feasibility study and environmental and construction permits.

Executives

Diego Benavides	Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Gerardo Perez Delgado	Director

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