Shanghai Carthane Co (SHSE:603037) 3-Month Share Buyback Ratio : -0.73% (As of Sep. 2024 )

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What is Shanghai Carthane Co 3-Month Share Buyback Ratio?

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

3-Month Share Buyback Ratio measures the proportion of a company's outstanding shares repurchased over the past three months, calculated as the percentage change in shares outstanding from the previous quarter to the current quarter. A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance. Shanghai Carthane Co's current 3-Month Share Buyback Ratio was -0.73%.

Competitive Comparison of Shanghai Carthane Co's 3-Month Share Buyback Ratio

For the Auto Parts subindustry, Shanghai Carthane Co's 3-Month Share Buyback Ratio, along with its competitors' market caps and 3-Month 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.

Shanghai Carthane Co's 3-Month Share Buyback Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shanghai Carthane Co's 3-Month Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Shanghai Carthane Co's 3-Month Share Buyback Ratio falls into.

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Shanghai Carthane Co 3-Month Share Buyback Ratio Calculation

Shanghai Carthane Co's 3-Month Share Buyback Ratio for the quarter that ended in Sep. 2024 is calculated as

3-Month Share Buyback Ratio	=	(Shares Outstanding (EOP) (Jun. 2024 )	-	Shares Outstanding (EOP) (Sep. 2024 ))	/	Shares Outstanding (EOP) (Jun. 2024 )
	=	(190.740	-	192.126)	/	190.740
	=	-0.73%

* 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.

Shanghai Carthane Co (SHSE:603037) 3-Month 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.

Shanghai Carthane Co 3-Month Share Buyback Ratio Related Terms

Shanghai Carthane Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Carthane Co Ltd (SHSE:603037) » Definitions » 3-Month Share Buyback Ratio

Traded in Other Exchanges

N/A

Address

No. 813, Jianye Road, Pudong New Area, Shanghai, CHN, 201201

Website

http://www.carthane.com

Shanghai Carthane Co Ltd designs, produces and sells car parts, accessories, polyurethane elastomer and other polyurethane products. It engages in the sales of suspension damping internal components, pedal assemblies and plastic core-rubber-tires. Suspension damping internal components include buffers, spring cushion s, damping support blocks, and dust covers. Pedal assemblies mainly include plastic pedal assemblies. Plastic core-rubber-tires include automobile assembly lines and polyurethane tires applied in electric fork-lift trucks.

Executives

Yang Ying Tao	Director
Yang Jian Gang	Director
Hou Zhen Kun	senior management
Li Ji Cheng	senior management
Zhang Zhong Qiu	senior management
Jia Jie	senior management
Li Jian Xing	Supervisors
Hou Rui Hong	Director
Wei Yong Ji	Director
Huang Hai	senior management
Zhuang Ying Wu	senior management
Ning Wu	senior management
Gao Li	senior management
Liu Ren Shan	Director

Shanghai Carthane Co Headlines

No Headlines