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MyEco Group (ASX:MCO) 6-Month Share Buyback Ratio : 0.00% (As of Dec. 2024 )


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What is MyEco Group 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. MyEco Group's current 6-Month Share Buyback Ratio was 0.00%.

Competitive Comparison of MyEco Group's 6-Month Share Buyback Ratio

For the Packaging & Containers subindustry, MyEco Group'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.

MyEco Group's 6-Month Share Buyback Ratio Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, MyEco Group's 6-Month Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where MyEco Group's 6-Month Share Buyback Ratio falls into.


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MyEco Group 6-Month Share Buyback Ratio Calculation

MyEco Group's 6-Month Share Buyback Ratio for the quarter that ended in Dec. 2024 is calculated as

6-Month Share Buyback Ratio=(Shares Outstanding (EOP) (Jun. 2024 ) - Shares Outstanding (EOP) (Dec. 2024 )) / Shares Outstanding (EOP) (Jun. 2024 )
=(596.610 - 596.610) / 596.610
=0.00%

* 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.

MyEco Group  (ASX:MCO) 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.

MyEco Group 6-Month Share Buyback Ratio Related Terms

MyEco Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » MyEco Group Ltd (ASX:MCO) » Definitions » 6-Month Share Buyback Ratio
Comparable Companies
ASX:PPG ASX:PPY IP SW PKG BALL AMCR AVY CCK TSX:CCL.A BERY GPK XSWX:SIGN SLGN REYN SON SEE SZSE:002812 OHEL:HUH1V XPAR:VRLA
Traded in Other Exchanges
N/A
Address
247 Ferntree Gully Road, Unit 1, Mount Waverley, Melbourne, VIC, AUS, 3149
Website
https://www.myeco.group
MyEco Group Ltd is an Australian developer and manufacturer of sustainable packaging materials. It supplies proprietary biodegradable resins, packaging products cast films to a customer base spread globally.SECOS Global Application Development Centre is in Australia. Product Development Centre and manufacturing plant for resins and finished products in China and resins plant in Malaysia.