Image Resources NL (ASX:IMA) 6-Month Share Buyback Ratio : -3.78% (As of Jun. 2024 )

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What is Image Resources NL 6-Month Share Buyback Ratio?

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

6-Month Share Buyback Ratio measures the proportion of a company's outstanding shares repurchased over the past six months, calculated as the percentage change in shares outstanding from two quarters ago 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. Image Resources NL's current 6-Month Share Buyback Ratio was -3.78%.

Competitive Comparison of Image Resources NL's 6-Month Share Buyback Ratio

For the Other Industrial Metals & Mining subindustry, Image Resources NL's 6-Month Share Buyback Ratio, along with its competitors' market caps and 6-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.

Image Resources NL's 6-Month Share Buyback Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Image Resources NL's 6-Month Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Image Resources NL's 6-Month Share Buyback Ratio falls into.

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Image Resources NL 6-Month Share Buyback Ratio Calculation

Image Resources NL's 6-Month Share Buyback Ratio for the quarter that ended in Jun. 2024 is calculated as

6-Month Share Buyback Ratio	=	(Shares Outstanding (EOP) (Dec. 2023 )	-	Shares Outstanding (EOP) (Jun. 2024 ))	/	Shares Outstanding (EOP) (Dec. 2023 )
	=	(1081.242	-	1122.087)	/	1081.242
	=	-3.78%

* 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.

Image Resources NL (ASX:IMA) 6-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.

Image Resources NL 6-Month Share Buyback Ratio Related Terms

Image Resources NL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Image Resources NL (ASX:IMA) » Definitions » 6-Month Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

I5R:Germany

Address

1-5 Walker Avenue, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.imageres.com.au

Image Resources NL is a mineral sands-focused mining company, currently transitioning from open-cut mining and ore processing operations at its high-grade, zircon-rich Boonanarring project, to the Atlas project, and also holds ownership stakes in the Yandanooka, Bidaminna, and McCalls projects in North Perth Basin. In addition, the company holds two exploration licenses and two prospecting licenses, located southeast of Kalgoorlie, which make up the Erayinia/King Gold Project.

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