Bulgold (TSXV:ZLTO) Retained Earnings : C$-2.68 Mil (As of Mar. 2024)

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What is Bulgold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Bulgold's retained earnings for the quarter that ended in Mar. 2024 was C$-2.68 Mil.

Bulgold's quarterly retained earnings declined from Sep. 2023 (C$-2.19 Mil) to Dec. 2023 (C$-2.43 Mil) and declined from Dec. 2023 (C$-2.43 Mil) to Mar. 2024 (C$-2.68 Mil).

Bulgold's annual retained earnings declined from Dec. 2021 (C$-0.00 Mil) to Dec. 2022 (C$-0.56 Mil) and declined from Dec. 2022 (C$-0.56 Mil) to Dec. 2023 (C$-2.43 Mil).

Bulgold Retained Earnings Historical Data

The historical data trend for Bulgold'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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Bulgold Retained Earnings Chart

Bulgold Annual Data

Trend

Dec21

Dec22

Dec23

Retained Earnings

-0.56

-2.43

Bulgold Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial				-1.36	-1.75	-2.19	-2.43	-2.68

Bulgold 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.

Bulgold (TSXV:ZLTO) 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.

Bulgold (TSXV:ZLTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bulgold Inc (TSXV:ZLTO) » Definitions » Retained Earnings

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Address

181 Bay Street, Suite 4400, Toronto, ON, CAN, M5J 2T3

Website

https://www.bulgold.com

Bulgold Inc is a gold exploration company focused on the exploration and development of mineral exploration projects in Eastern and Central Europe. The Company controls 100% of two quality quartz-adularia epithermal gold projects located in the Bulgarian portion of the Western Tethyan Belt: the Kutel Gold Project and the Kostilkovo Gold Project. The Company also holds an option to acquire a 100% interest in the Lutila exploration license located in central Slovakia which is prospective for low-sulfidation epithermal gold mineralization.

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