TRX (TRX Gold) Retained Earnings : $-123.95 Mil (As of May. 2024)

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What is TRX Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. TRX Gold's retained earnings for the quarter that ended in May. 2024 was $-123.95 Mil.

TRX Gold's quarterly retained earnings increased from Nov. 2023 ($-122.39 Mil) to Feb. 2024 ($-121.31 Mil) but then declined from Feb. 2024 ($-121.31 Mil) to May. 2024 ($-123.95 Mil).

TRX Gold's annual retained earnings declined from Aug. 2021 ($-117.46 Mil) to Aug. 2022 ($-123.67 Mil) but then increased from Aug. 2022 ($-123.67 Mil) to Aug. 2023 ($-121.42 Mil).

TRX Gold Retained Earnings Historical Data

The historical data trend for TRX Gold'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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TRX Gold Retained Earnings Chart

TRX Gold Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Retained Earnings

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-101.99

-113.45

-117.46

-123.67

-121.42

TRX Gold Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Retained Earnings	Get a 7-Day Free Trial															-122.82	-121.42	-122.39	-121.31	-123.95

TRX Gold 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.

TRX Gold (AMEX:TRX) 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.

TRX Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » TRX Gold Corp (AMEX:TRX) » Definitions » Retained Earnings

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Address

277 Lakeshore Road East, Suite 403, Oakville, ON, CAN, L6J 6J3

Website

https://www.trxgold.com

TRX Gold Corp, formerly Tanzanian Gold Corp is a mineral resource company. It is engaged in the acquisition of interests and the exploration of natural resource properties. Its mineral properties are located in the United Republic of Tanzania. The company's main area of interest has been in the exploration and development of gold properties. Its projects include the Buckreef project, Kigosi project, and Itetemia Gold project whereas, its exploration stage project consists of the Lunguya project and the Luhala project.

Executives

Geier International Strategies Fund, Llc	10 percent owner	WACHOVIA FINANCIAL CENTER, 200 SOUTH BISCAYNE BOULEVARD, 27TH FLOOR, MIAMI FL 33131
Geier Capital Llc	10 percent owner	200 SOUTH BISCAYNE BOULEVARD, 27TH FLOOR, MIAMI FL 33131
Geier Group Llc	10 percent owner	200 SOUTH BISCAYNE BOULEVARD, 27TH FLOOR, MIAMI FL 33131
Chris Gibson	10 percent owner	C/O GEIER CAPITAL LLC, 200 SOUTH BISCAYNE BOULEVARD, 27TH FLOOR, MIAMI FL 33131