What is China Testing & Certification International Group Co 3-Year Share Buyback Ratio?
Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. China Testing & Certification International Group Co's current 3-Year Share Buyback Ratio was -5.30%.
SHSE:603060's 3-Year Share Buyback Ratio is ranked worse than 73.27% of 681
companies
in the Business Services industry
Industry Median: -0.7
vs SHSE:603060: -5.30
Competitive Comparison of China Testing & Certification International Group Co's 3-Year Share Buyback Ratio
For the Consulting Services subindustry, China Testing & Certification International Group Co's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-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.
China Testing & Certification International Group Co's 3-Year Share Buyback Ratio Distribution in the Business Services Industry
China Testing & Certification International Group Co 3-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
China Testing & Certification International Group Co (SHSE:603060) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
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.
China Testing & Certification International Group Co 3-Year Share Buyback Ratio Related Terms
Thank you for viewing the detailed overview of China Testing & Certification International Group Co's 3-Year Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
China Testing & Certification International Group Co Business Description
China Testing & Certification International Group Co Ltd provides third-party inspection and certification services in the fields of building materials and construction engineering. Its service offering comprises certification, safety and instrument development services as well as extended services such as energy-saving emission reduction technology services, standardization services, personnel training and occupational skill identification. The company primarily serve the building materials and construction engineering enterprises, solar photovoltaic product production and application enterprises, carbon emission trading units, product quality and technical supervision departments, industrial and commercial management departments and safety production supervision departments.
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