Formula Systems (1985) (XTAE:FORTY) 6-Month Share Buyback Ratio : 0.00% (As of Sep. 2024 )

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What is Formula Systems (1985) 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. Formula Systems (1985)'s current 6-Month Share Buyback Ratio was 0.00%.

Competitive Comparison of Formula Systems (1985)'s 6-Month Share Buyback Ratio

For the Information Technology Services subindustry, Formula Systems (1985)'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.

Formula Systems (1985)'s 6-Month Share Buyback Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Formula Systems (1985)'s 6-Month Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Formula Systems (1985)'s 6-Month Share Buyback Ratio falls into.

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Formula Systems (1985) 6-Month Share Buyback Ratio Calculation

Formula Systems (1985)'s 6-Month Share Buyback Ratio for the quarter that ended in Sep. 2024 is calculated as

6-Month Share Buyback Ratio	=	(Shares Outstanding (EOP) (Mar. 2024 )	-	Shares Outstanding (EOP) (Sep. 2024 ))	/	Shares Outstanding (EOP) (Mar. 2024 )
	=	(15.333	-	15.333)	/	15.333
	=	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.

Formula Systems (1985) (XTAE:FORTY) 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.

Formula Systems (1985) 6-Month Share Buyback Ratio Related Terms

Formula Systems (1985) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Formula Systems (1985) Ltd (XTAE:FORTY) » Definitions » 6-Month Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

FORTY:USA FSY:Germany

Address

Yahadut Canada 1 Street, Or Yehuda, Tel Aviv, ISR, 6037501

Website

https://www.formulasystems.com

Formula Systems (1985) Ltd is a holding company that, through its subsidiaries, provides information technology services. The company organizes itself into operating segments: The Matrix segment, which generates the majority of revenue, provides software development and existing software expansion services. The Sapiens segment provides software development services for the insurance industry. The Magic Software segment provides vendor management systems and workforce management services, which include accounting and finance, human resources; Michpal; ZAP Group and Others. The majority of the company's revenue comes from Israel.