Switch to:
SmartChase Corp (OTCPK:SCHS)
Shares Outstanding
33.94 Mil (As of Mar. 2015)

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. SmartChase Corp's shares outstanding for the quarter that ended in Mar. 2015 was 33.94 Mil.

SmartChase Corp's quarterly shares outstanding increased from Dec. 2014 (31.44 Mil) to Mar. 2015 (33.94 Mil). It means SmartChase Corp issued new shares from Dec. 2014 to Mar. 2015 .

SmartChase Corp's annual shares outstanding increased from Dec. 2013 (20.98 Mil) to Dec. 2014 (24.92 Mil). It means SmartChase Corp issued new shares from Dec. 2013 to Dec. 2014 .


Definition

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.


Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

If a company buys back shares, we should also observe negative number for Net Issuance of Stock in its cash flow statement. If a company issues shares, we will observe positive number of Net Issuance of Stock.


Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.


Related Terms

Net Issuance of Stock, Buy Back Rate


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

SmartChase Corp Annual Data

Dec06Dec07Dec08Dec09Dec13Dec14
Shares Outstanding 0.000.000.000.000.360.422.5519.8020.9824.92

SmartChase Corp Quarterly Data

Mar10Jun10Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
Shares Outstanding 20.8320.8320.8320.8321.4521.4421.4421.8831.4433.94
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GuruFocus Premium Plus Membership

FEEDBACK