Converge Technology Solutions (FRA:0ZB) 1-Year Share Buyback Ratio : 7.50% (As of Dec. 2024 )

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What is Converge Technology Solutions 1-Year Share Buyback Ratio?

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

1-Year Share Buyback Ratio measures the proportion of a company's outstanding shares repurchased over the past year, calculated as the percentage change in shares outstanding from the previous year to the current year. A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance. Converge Technology Solutions's current 1-Year Share Buyback Ratio was 7.50%.

FRA:0ZB's 1-Year Share Buyback Ratio is ranked better than
97.79% of 1807 companies
in the Software industry
Industry Median: -1.3 vs FRA:0ZB: 7.50

Competitive Comparison of Converge Technology Solutions's 1-Year Share Buyback Ratio

For the Information Technology Services subindustry, Converge Technology Solutions's 1-Year Share Buyback Ratio, along with its competitors' market caps and 1-Year Share Buyback Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Converge Technology Solutions's 1-Year Share Buyback Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Converge Technology Solutions's 1-Year Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Converge Technology Solutions's 1-Year Share Buyback Ratio falls into.

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Converge Technology Solutions 1-Year Share Buyback Ratio Calculation

Converge Technology Solutions's 1-Year Share Buyback Ratio for the quarter that ended in Dec. 2024 is calculated as

1-Year Share Buyback Ratio	=	(Shares Outstanding (EOP) (Dec. 2023 )	-	Shares Outstanding (EOP) (Dec. 2024 ))	/	Shares Outstanding (EOP) (Dec. 2023 )
	=	(203.946	-	188.607)	/	203.946
	=	7.5%

* 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.

Converge Technology Solutions (FRA:0ZB) 1-Year Share Buyback Ratio Explanation

A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance.

Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.

Converge Technology Solutions 1-Year Share Buyback Ratio Related Terms

Converge Technology Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Converge Technology Solutions Corp (FRA:0ZB) » Definitions » 1-Year Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

CTSDF:USA CTS:Canada

Address

161 Bay Street, Suite 2325, Toronto, ON, CAN, M5J 2S1

Website

https://www.convergetp.com

Converge Technology Solutions Corp is a Canadian company building a platform of regionally focused Hybrid IT infrastructure providers that deliver breed solutions and services in the United States. The solutions provided include multi-cloud solutions, the blockchain, resiliency, and managed services, enabling the company to address the business and IT issues that public and private-sector organizations face. It has three operating segments: North America, Germany, and UK.

Converge Technology Solutions Headlines

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