Phoenix IT Group (LSE:PNX) Shares Outstanding (Diluted Average) : 87.7 Mil (As of Mar. 2015)

Phoenix IT Group Shares Outstanding (Diluted Average) Chart

Phoenix IT Group Annual Data
	Trend	Mar06	Mar07	Mar08	Mar09	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15
Shares Outstanding (Diluted Average)		Get a 7-Day Free Trial					77.60	78.20	78.40	78.50	87.10

Phoenix IT Group Semi-Annual Data
	Sep05	Mar06	Sep06	Mar07	Sep07	Mar08	Sep08	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15
Shares Outstanding (Diluted Average)	Get a 7-Day Free Trial															78.10	78.20	78.80	86.50	87.70

Phoenix IT Group Shares Outstanding (Diluted Average) Calculation

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.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

Phoenix IT Group  (LSE:PNX) Shares Outstanding (Diluted Average) 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.

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.

Phoenix IT Group Shares Outstanding (Diluted Average) Related Terms

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Phoenix IT Group (LSE:PNX) Business Description