Beijing Tongtech Co (SZSE:300379) 3-Month Share Buyback Ratio : 1.55% (As of Sep. 2024 )

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What is Beijing Tongtech 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. Beijing Tongtech Co's current 3-Month Share Buyback Ratio was 1.55%.

Competitive Comparison of Beijing Tongtech Co's 3-Month Share Buyback Ratio

For the Software - Application subindustry, Beijing Tongtech 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.

Beijing Tongtech Co's 3-Month Share Buyback Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Beijing Tongtech Co's 3-Month Share Buyback Ratio distribution charts can be found below:

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

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Beijing Tongtech Co 3-Month Share Buyback Ratio Calculation

Beijing Tongtech 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 )
	=	(566.723	-	557.923)	/	566.723
	=	1.55%

* 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.

Beijing Tongtech Co (SZSE:300379) 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.

Beijing Tongtech Co 3-Month Share Buyback Ratio Related Terms

Beijing Tongtech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Tongtech Co Ltd (SZSE:300379) » Definitions » 3-Month Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 139, Fengtai Road, Room 311, Main Building, Fengtai District, Beijing, CHN, 100080

Website

http://www.tongtech.com

Beijing Tongtech Co Ltd is a Chinese provider of next-generation software infrastructure and applications. It offers solutions such as middleware, information security, big data, wireless network optimization, mobile applications products, among others. The company offered products and solutions are used various industries including financial, communications, government, energy, and transportation.

Executives

Huang Yong Jun	Directors, executives
Han Jing	Securities Affairs Representative
Zhang Zhi Yong	Supervisors
Zhu Lv Wei	Supervisors
Zhang Qi Chun	Director
Xue Xiang Dong	Director
Yang Hua	Supervisors

Beijing Tongtech Co Headlines

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