Summit Minerals (ASX:SUM) Buyback Yield % : -11.63 (As of May. 28, 2024)

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What is Summit Minerals Buyback Yield %?

Buyback yield is the net repurchase of shares outstanding over the market capital of the company. It is a measure of shareholder return.

Summit Minerals's current buyback yield was -11.63%.

Summit Minerals Buyback Yield % Historical Data

The historical data trend for Summit Minerals's Buyback Yield % can be seen below:

* 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.

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Summit Minerals Buyback Yield % Chart

Summit Minerals Annual Data

Trend

Jun23

Buyback Yield %

-61.63

Summit Minerals Semi-Annual Data
	Dec22	Jun23	Dec23
Buyback Yield %	-115.56	-	-46.53

Competitive Comparison of Summit Minerals's Buyback Yield %

For the Other Industrial Metals & Mining subindustry, Summit Minerals's Buyback Yield %, along with its competitors' market caps and Buyback Yield % 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.

Summit Minerals's Buyback Yield % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Summit Minerals's Buyback Yield % distribution charts can be found below:

* The bar in red indicates where Summit Minerals's Buyback Yield % falls into.

Summit Minerals Buyback Yield % Calculation

Buyback yield is a measure of shareholder return.

Summit Minerals's Buyback Yield for the fiscal year that ended in Jun. 2023 is calculated as

Buyback Yield	=	Net Issuance of Stock			/	Market Cap
	=	- (Repurchase of Stock	+	Issuance of Stock)	/	Market Cap
	=	- (0	+	3.229)	/	5.23914
	=	-61.63%

Summit Minerals's annualized Buyback Yield for the quarter that ended in Dec. 2023 is calculated as

Buyback Yield	=	Net Issuance of Stock		(Annualized)			/	Market Cap
	=	- (Repurchase of Stock	+	Issuance of Stock)	*	Annualized Factor	/	Market Cap
	=	- (0	+	1.346)	*	2	/	5.78572
	=	-46.53%

In calculating the annualized semi-annual data, the Repurchase of Stock and Issuance of Stock data used here is two times the semi-annual (Dec. 2023) data.

Summit Minerals Buyback Yield % Related Terms

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Summit Minerals (ASX:SUM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Summit Minerals Ltd (ASX:SUM) » Definitions » Buyback Yield %

Comparable Companies

Traded in Other Exchanges

N/A

Address

389 Oxford Street, Level 1, Mount Hawthorn, WA, AUS, 6016

Website

https://www.summitminerals.com.au

Summit Minerals Ltd engages in acquiring, exploring, and developing battery mineral projects in Australia. It holds interest in the following projects: Stallion REE Uranium Project (WA), the Windfall Antimony Project (NSW), the Phillips River Lithium Project (WA), and the Northern REE Lithium Projects (WA), and the Bridgetown Lithium Projects (WA).