Elkem ASA (LTS:0SFN) 6-Month Share Buyback Ratio : -0.03% (As of Dec. 2024 )

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What is Elkem ASA 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. Elkem ASA's current 6-Month Share Buyback Ratio was -0.03%.

Competitive Comparison of Elkem ASA's 6-Month Share Buyback Ratio

For the Specialty Chemicals subindustry, Elkem ASA'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.

Elkem ASA's 6-Month Share Buyback Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Elkem ASA's 6-Month Share Buyback Ratio distribution charts can be found below:

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

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Elkem ASA 6-Month Share Buyback Ratio Calculation

Elkem ASA'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 )
	=	(633.990	-	634.169)	/	633.990
	=	-0.03%

* 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.

Elkem ASA (LTS:0SFN) 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.

Elkem ASA 6-Month Share Buyback Ratio Related Terms

Elkem ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Elkem ASA (LTS:0SFN) » Definitions » 6-Month Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

ELKEF:USA ELKo:Sweden ELK:Norway 1DP:Germany

Address

Drammensveien 169, Oslo, NOR, 0277

Website

https://www.elkem.com

Elkem ASA offers material solutions shaping and more sustainable future. The company develops silicones, silicon products, and carbon solutions by combining natural raw materials, renewable energy, and human ingenuity. The group helps its customers create and improve essential innovations like electric mobility, digital communications, health, and personal care, as well as smarter and more sustainable cities. It has three reportable segments, namely Silicones, Silicon Products, and Carbon Solutions. It generates the majority of the revenue from the Silicones segment.

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