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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Ivanhoe Electric's retained earnings for the quarter that ended in Mar. 2024 was $-457.02 Mil.
Ivanhoe Electric's quarterly retained earnings declined from Sep. 2023 ($-354.35 Mil) to Dec. 2023 ($-401.50 Mil) and declined from Dec. 2023 ($-401.50 Mil) to Mar. 2024 ($-457.02 Mil).
Ivanhoe Electric's annual retained earnings declined from Dec. 2021 ($-52.31 Mil) to Dec. 2022 ($-202.13 Mil) and declined from Dec. 2022 ($-202.13 Mil) to Dec. 2023 ($-401.50 Mil).
The historical data trend for Ivanhoe Electric'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.
Ivanhoe Electric Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Retained Earnings | - | - | -52.31 | -202.13 | -401.50 |
Ivanhoe Electric Quarterly Data | |||||||||||||||
Dec19 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Retained Earnings | Get a 7-Day Free Trial | -238.20 | -276.47 | -354.35 | -401.50 | -457.02 |
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.
Ivanhoe Electric (AMEX:IE) 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.
Taylor Melvin | director, officer: President and CEO | C/O IVANHOE ELECTRIC INC., 606-999 CANADA PLACE, VANCOUVER A1 V6E 3E1 |
Stephani Terhorst | officer: Vice President Human Resources | 1605 CROWN POINT ROAD, MCKINNEY TX 75072 |
Sofia Bianchi | director | P.O. BOX 68861, RIYADH T0 11537 |
Catherine Anne Barone | officer: Chief Financial Officer | 63 CLIFFWOOD DR, PORT MOODY A1 V3H 5J8 |
Ronald J Vance | director | C/O ROYAL GOLD, 1144 15TH STREET, SUITE 2500, DENVER CO 80202 |
Gibson Mark Andrew Stuart | officer: Chief Operating Officer | 1101, 172 VICTORY SHIP WAY, NORTH VANCOUVER A1 V7L 0B5 |
Boyd Graham Richard Thomas | officer: Vice President, US Projects | 1254 E 15TH AVE, VANCOUVER A1 V5T 2S8 |
Young Evan James Macmillan | officer: VP, Corporate Development | 123 LANGLEY AVENUE, TORONTO A6 M4K 1B6 |
Patrick Loftus-hills | director | 606-999 CANADA PLACE, VANCOUVER A1 V6E 3E1 |
Cassandra Pulskamp Joseph | officer: VP, Gen Counsel and Corp Sec | C/O IVANHOE ELECTRIC INC., 606-999 CANADA PLACE, VANCOUVER A1 V6E 3E1 |
Quentin Markin | officer: See Remarks | C/O IVANHOE ELECTRIC INC., 606-999 CANADA PLACE, VANCOUVER A1 V6E 3E1 |
Robert M Friedland | director, officer: Chief Executive Officer | 150 BEACH ROAD #25-03, THE GATEWAY WEST, SINGAPORE U0 189720 |
Jordan Neeser | officer: Chief Financial Officer | C/O IVANHOE ELECTRIC INC., 606-999 CANADA PLACE, VANCOUVER A1 V6E 3E1 |
I-pulse Inc. | 10 percent owner | 150 BEACH ROAD #25-003, THE GATEWAY WEST, SINGAPORE U0 189720 |
Glen Nickolas Kuntz | officer: Chief Tech & Innovation Off. | 4300 LOCH LOMOND ROAD, THUNDER BAY A6 P7J 1N9 |
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