Millennial Potash (Millennial Potash) Retained Earnings : $-7.54 Mil (As of Feb. 2024)

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What is Millennial Potash Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Millennial Potash's retained earnings for the quarter that ended in Feb. 2024 was $-7.54 Mil.

Millennial Potash's quarterly retained earnings declined from Aug. 2023 ($-6.41 Mil) to Nov. 2023 ($-6.73 Mil) and declined from Nov. 2023 ($-6.73 Mil) to Feb. 2024 ($-7.54 Mil).

Millennial Potash's annual retained earnings declined from Aug. 2021 ($-2.01 Mil) to Aug. 2022 ($-3.05 Mil) and declined from Aug. 2022 ($-3.05 Mil) to Aug. 2023 ($-6.41 Mil).

Millennial Potash Retained Earnings Historical Data

The historical data trend for Millennial Potash'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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Millennial Potash Retained Earnings Chart

Millennial Potash Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

Retained Earnings

-0.22

-0.30

-2.01

-3.05

-6.41

Millennial Potash Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Retained Earnings	Get a 7-Day Free Trial														-4.94	-5.63	-6.41	-6.73	-7.54

Millennial Potash 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.

Millennial Potash (OTCPK:MLPNF) 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.

Millennial Potash (Millennial Potash) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Millennial Potash Corp (OTCPK:MLPNF) » Definitions » Retained Earnings

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X0D:Germany MLP:Canada

Address

300-1455 Bellevue Avenue, West Vancouver, Vancouver, BC, CAN, V7T 1C3

Website

https://www.millennialpotash.com

Millennial Potash Corp is a Canadian resource company focused on the exploration and development of potash deposits. The company's flagship asset is the Banio Potash Project located along the coast of Gabon, West Africa, which has the potential to have all the right characteristics to become a producer of potash.