Sayona Mining (ASX:SYA) Retained Earnings : A$-52.5 Mil (As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

What is Sayona Mining Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Sayona Mining's retained earnings for the quarter that ended in Dec. 2023 was A$-52.5 Mil.

Sayona Mining's quarterly retained earnings declined from Dec. 2022 (A$-22.9 Mil) to Jun. 2023 (A$-27.3 Mil) and declined from Jun. 2023 (A$-27.3 Mil) to Dec. 2023 (A$-52.5 Mil).

Sayona Mining's annual retained earnings increased from Jun. 2021 (A$-67.6 Mil) to Jun. 2022 (A$-7.4 Mil) but then declined from Jun. 2022 (A$-7.4 Mil) to Jun. 2023 (A$-27.3 Mil).

Sayona Mining Retained Earnings Historical Data

The historical data trend for Sayona Mining'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.

Sayona Mining Retained Earnings Chart

Sayona Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Retained Earnings

Get a 7-Day Free Trial

-58.71

-64.11

-67.64

-7.36

-27.32

Sayona Mining 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															2.09	-7.36	-22.88	-27.32	-52.48

Sayona Mining 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.

Sayona Mining (ASX:SYA) 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.

Sayona Mining (ASX:SYA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sayona Mining Ltd (ASX:SYA) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

SYAXF:USA DML:Germany

Address

283 Given Terrace, Unit 68, Paddington, QLD, AUS, 4064

Website

https://www.sayonamining.com.au

Sayona Mining Ltd is a mineral exploration and development company. The principal activity of the company is the identification, acquisition and evaluation of mineral exploration assets, focusing on lithium and graphite. The company's primary focus is the development of the advanced-stage Authier lithium project in Quebec, Canada. It also holds interests in East Kimberley Graphite Project and West Australian Lithium Project.

Sayona Mining (ASX:SYA) Headlines

From GuruFocus

Insider Trends in the Financial Services Sector

By Monica Wolfe Monica Wolfe • 05-23-2013

Symetra Partners with Seattle Kraken, Seattle Storm to Launch "LETS Play" Program with Highline Public Schools

By Business Wire Business Wire • 02-07-2022

Notable Dividend Stocks: SYA, MSA, NC, QUAD, OPNT

By Dynamic Dividend Dynamic Dividend • 05-11-2011