Promate Electronic Co (TPE:6189) 6-Month Share Buyback Ratio : -0.56% (As of Dec. 2024 )

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What is Promate Electronic Co 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. Promate Electronic Co's current 6-Month Share Buyback Ratio was -0.56%.

Competitive Comparison of Promate Electronic Co's 6-Month Share Buyback Ratio

For the Electronics & Computer Distribution subindustry, Promate Electronic Co'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.

Promate Electronic Co's 6-Month Share Buyback Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Promate Electronic Co's 6-Month Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Promate Electronic Co's 6-Month Share Buyback Ratio falls into.

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Promate Electronic Co 6-Month Share Buyback Ratio Calculation

Promate Electronic Co'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 )
	=	(217.527	-	218.741)	/	217.527
	=	-0.56%

* 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.

Promate Electronic Co (TPE:6189) 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.

Promate Electronic Co 6-Month Share Buyback Ratio Related Terms

Promate Electronic Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Promate Electronic Co Ltd (TPE:6189) » Definitions » 6-Month Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 30, Section 1, Huanshan Road, 1 Floor, Neihu District, Taipei, TWN, 11442

Website

https://www.promate.com

Promate Electronic Co Ltd is mainly engaged in the distribution and sales of electronic/electrical components, sales of computer software and electrical products, and sales of electronic/electrical components. The company has these operating segments; Application specific and LCD Display Products, Linear/ Distributed Components, Image Processing ICs, Application specific ICs, and Others. It has two business divisions; China Region and Non-China Region, out of which it derives a majority of its revenue from the Non-China Region.

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