Goldeneye Resources (TSXV:GOE.H) Retained Earnings : C$-5.14 Mil (As of Jan. 2022)

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What is Goldeneye Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Goldeneye Resources's retained earnings for the quarter that ended in Jan. 2022 was C$-5.14 Mil.

Goldeneye Resources's quarterly retained earnings declined from Jul. 2021 (C$-4.74 Mil) to Oct. 2021 (C$-5.01 Mil) and declined from Oct. 2021 (C$-5.01 Mil) to Jan. 2022 (C$-5.14 Mil).

Goldeneye Resources's annual retained earnings declined from Apr. 2019 (C$-4.16 Mil) to Apr. 2020 (C$-4.20 Mil) and declined from Apr. 2020 (C$-4.20 Mil) to Apr. 2021 (C$-4.64 Mil).

Goldeneye Resources Retained Earnings Historical Data

The historical data trend for Goldeneye 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.

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Goldeneye Resources Retained Earnings Chart

Goldeneye Resources Annual Data

Trend

Mar12

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Retained Earnings

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-4.06

-4.10

-4.16

-4.20

-4.64

Goldeneye Resources Quarterly Data
	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22
Retained Earnings	Get a 7-Day Free Trial															-4.34	-4.64	-4.74	-5.01	-5.14

Goldeneye 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.

Goldeneye Resources (TSXV:GOE.H) 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.

Goldeneye Resources (TSXV:GOE.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldeneye Resources Corp (TSXV:GOE.H) » Definitions » Retained Earnings

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Address

409 Granville Street, Suite 1000, Vancouver, BC, CAN, V6C 1T2

Website

https://www.goldeneyeresources.ca

Goldeneye Resources Corp is a mineral exploration company engaged in exploration of precious metal and base metal projects in North America. The company has signed definitive agreements with Unity Resources Inc to acquire interest in mineral claims known as the Roberts Arm, Grand Lake and Gander River Ultramafic Belt East (GRUBE) projects. The projects are in the province of Newfoundland. The company has also signed a definitive agreement with Windfall Geotek for the Corallen Lake property.

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