Omega Pacific Resources (XCNQ:OMGA) Retained Earnings : C$-0.27 Mil (As of Jan. 2024)

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What is Omega Pacific Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Omega Pacific Resources's retained earnings for the quarter that ended in Jan. 2024 was C$-0.27 Mil.

Omega Pacific Resources's quarterly retained earnings declined from Apr. 2023 (C$-0.22 Mil) to Jul. 2023 (C$-0.24 Mil) and declined from Jul. 2023 (C$-0.24 Mil) to Jan. 2024 (C$-0.27 Mil).

Omega Pacific Resources's annual retained earnings stayed the same from . 20 (C$0.00 Mil) to . 20 (C$0.00 Mil) but then increased from . 20 (C$0.00 Mil) to Oct. 2022 (C$-0.11 Mil).

Omega Pacific Resources Retained Earnings Historical Data

The historical data trend for Omega Pacific 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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Omega Pacific Resources Retained Earnings Chart

Omega Pacific Resources Annual Data

Trend

Oct22

Retained Earnings

-0.11

Omega Pacific Resources Quarterly Data
	Jan23	Apr23	Jul23	Jan24
Retained Earnings	-0.16	-0.22	-0.24	-0.27

Omega Pacific 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.

Omega Pacific Resources (XCNQ:OMGA) 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.

Omega Pacific Resources (XCNQ:OMGA) Business Description

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Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

Omega Pacific Resources Inc is engaged in the business of mineral exploration in Canada. It mainly engages in the acquisition, exploration, and development of mineral exploration properties. It holds an interest in the Lekcin property located in the New Westminster Mining Division, British Columbia, Canada.