GAMCO Natural Resources, Gold &ome Trust (GAMCO Natural Resources, Gold &ome Trust) Retained Earnings : $-103.19 Mil (As of Dec. 2023)

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What is GAMCO Natural Resources, Gold &ome Trust Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. GAMCO Natural Resources, Gold &ome Trust's retained earnings for the quarter that ended in Dec. 2023 was $-103.19 Mil.

GAMCO Natural Resources, Gold &ome Trust's quarterly retained earnings increased from Dec. 2022 ($-110.57 Mil) to Jun. 2023 ($-109.74 Mil) and increased from Jun. 2023 ($-109.74 Mil) to Dec. 2023 ($-103.19 Mil).

GAMCO Natural Resources, Gold &ome Trust's annual retained earnings increased from Dec. 2021 ($-114.28 Mil) to Dec. 2022 ($-110.57 Mil) and increased from Dec. 2022 ($-110.57 Mil) to Dec. 2023 ($-103.19 Mil).

GAMCO Natural Resources, Gold &ome Trust Retained Earnings Historical Data

The historical data trend for GAMCO Natural Resources, Gold &ome Trust'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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GAMCO Natural Resources, Gold &ome Trust Retained Earnings Chart

GAMCO Natural Resources, Gold &ome Trust Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-127.48

-122.62

-114.28

-110.57

-103.19

GAMCO Natural Resources, Gold &ome Trust Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial								-114.28	-121.74	-110.57	-109.74	-103.19

GAMCO Natural Resources, Gold &ome Trust 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.

GAMCO Natural Resources, Gold &ome Trust (NYSE:GNT) 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.

GAMCO Natural Resources, Gold &ome Trust (GAMCO Natural Resources, Gold &ome Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) » Definitions » Retained Earnings

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GNTpA.PFD:USA

Address

One Corporate Center, Rye, NY, USA, 10580-1422

Website

http://www.gabelli.com

GAMCO Natural Resources, Gold & Income Trust is a non-diversified closed-end management investment company. The company's primary investment objective is to provide a high level of current income from interest, dividends, and options premiums. It invests in various sectors such as metals and mining, energy and energy services, specialty chemicals, agriculture, healthcare, machinery, food and beverage, and others.

Executives

Agnes Mullady	officer: Treasurer & Secretary	ONE CORPORATE CENTER, RYE NY 10580
Peter D. Goldstein	officer: Secretary	249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
James P Conn	director
Anthony S. Colavita	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
John Chester Ball	officer: Treasurer	800 CONNECTICUT AVENUE, NORWALK CT 06854
Kuni Nakamura	director	1 MARTIN BUTLER COURT, RYE NY 10580
Bruce N Alpert	officer: President	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Mario J Gabelli	other: Control Person of Adviser	191 MASON STREET, GREENWICH CT 06830
William F Heitmann	director	1095 AVENUE OF THE AMERICAS, ROOM 4140, NEW YORK NY 10036-6797
Michael J Melarkey	director	ONE CORPORATE CENTER, RYE NY 10580
Anthonie C Vanekris	director	ONE CORPORATE CENTER, RYE NY 10580
Fahrenkopf Frank J Jr	director	ONE CORPORATE CENTER, RYE NY 10580
Salvatore J Zizza	director	810 SEVENTH AVE, 27TH FLOOR, NEW YORK NY 10019
Urso Mario D	director	65 EATON SQUARE, LONDON SW UK X0 041101225
Anthony J Colavita	director	ONE CORPORATE CENTER, RYE NY 10580