EV Nickel (EV Nickel) Retained Earnings : $-9.17 Mil (As of Mar. 2024)

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What is EV Nickel Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. EV Nickel's retained earnings for the quarter that ended in Mar. 2024 was $-9.17 Mil.

EV Nickel's quarterly retained earnings increased from Sep. 2023 ($-9.40 Mil) to Dec. 2023 ($-8.38 Mil) but then declined from Dec. 2023 ($-8.38 Mil) to Mar. 2024 ($-9.17 Mil).

EV Nickel's annual retained earnings declined from Jun. 2021 ($-2.43 Mil) to Jun. 2022 ($-6.41 Mil) and declined from Jun. 2022 ($-6.41 Mil) to Jun. 2023 ($-8.97 Mil).

EV Nickel Retained Earnings Historical Data

The historical data trend for EV Nickel'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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EV Nickel Retained Earnings Chart

EV Nickel Annual Data

Trend

Jun21

Jun22

Jun23

Retained Earnings

-2.43

-6.41

-8.97

EV Nickel Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial								-8.14	-8.97	-9.40	-8.38	-9.17

EV Nickel 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.

EV Nickel (OTCPK:EVNIF) 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.

EV Nickel (EV Nickel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » EV Nickel Inc (OTCPK:EVNIF) » Definitions » Retained Earnings

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JR1:Germany EVNI:Canada

Address

150 King Street W, Suite 200, Toronto, ON, CAN, M5H 1J9

Website

https://www.evnickel.com

EV Nickel Inc is a Canadian nickel exploration company. Its mission is to accelerate the transition to clean energy, focused on the Shaw Dome Project, south of Timmins, Ontario. EVNi has over 30,000 hectares to explore across the Shaw Dome and has identified more than 100 km of additional favourable strike length. The Shaw Dome includes the High-Grade W4 Deposit- with a Resource which defined 2.0M tonnes 0.98% Ni for 43.3M lbs of Class 1 Nickel across Measured, Indicated and Inferred and the Large-Scale CarLang Area with more than 10km of mineralization and where the first 20 percent contains the A Zone- with a Resource which defined 1.0B tonnes 0.24% Ni for 5.3B lbs of Class 1 Nickel across Indicated and Inferred.