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Karelian Diamond Resources (LSE:KDR) Retained Earnings : £-3.96 Mil (As of Nov. 2023)


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What is Karelian Diamond Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Karelian Diamond Resources's retained earnings for the quarter that ended in Nov. 2023 was £-3.96 Mil.

Karelian Diamond Resources's quarterly retained earnings declined from Nov. 2022 (£-3.73 Mil) to May. 2023 (£-3.84 Mil) and declined from May. 2023 (£-3.84 Mil) to Nov. 2023 (£-3.96 Mil).

Karelian Diamond Resources's annual retained earnings increased from May. 2021 (£-3.54 Mil) to May. 2022 (£-3.50 Mil) but then declined from May. 2022 (£-3.50 Mil) to May. 2023 (£-3.84 Mil).


Karelian Diamond Resources Retained Earnings Historical Data

The historical data trend for Karelian Diamond Resources'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.

Karelian Diamond Resources Retained Earnings Chart

Karelian Diamond Resources Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.80 -3.25 -3.54 -3.50 -3.84

Karelian Diamond Resources Semi-Annual Data
May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.42 -3.50 -3.73 -3.84 -3.96

Karelian Diamond Resources 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.


Karelian Diamond Resources  (LSE:KDR) 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.


Karelian Diamond Resources (LSE:KDR) Business Description

Traded in Other Exchanges
N/A
Address
3300 Lake Drive, Citywest Business Campus, Dublin, IRL, D24 TD21
Karelian Diamond Resources PLC is an Ireland-based company which focuses on the discovery of diamond deposits in Finland. It is engaged in exploring for diamonds and evaluating an existing diamond prospect (diamondiferous kimberlite pipe) in the Karelian Craton of Finland. The company's diamond exploration projects include The Lahtojoki diamond project, The Seitapera diamondiferous kimberlite pipe, and The Riihivaara diamond exploration project which is in Kuopio, Kuhmo, and Riihivaara respectively.

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