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Lumi Rental Co (SAU:4262) Shares Outstanding (Diluted Average) : 55 Mil (As of Sep. 2024)


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What is Lumi Rental Co Shares Outstanding (Diluted Average)?

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Lumi Rental Co's average diluted shares outstanding for the quarter that ended in Sep. 2024 was 55 Mil.


Lumi Rental Co Shares Outstanding (Diluted Average) Historical Data

The historical data trend for Lumi Rental Co's Shares Outstanding (Diluted Average) 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.

* Premium members only.

Lumi Rental Co Shares Outstanding (Diluted Average) Chart

Lumi Rental Co Annual Data
Trend Dec22 Dec23
Shares Outstanding (Diluted Average)
55.00 55.00

Lumi Rental Co Quarterly Data
Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Shares Outstanding (Diluted Average) Get a 7-Day Free Trial Premium Member Only 55.00 55.00 55.00 55.00 55.00

Lumi Rental Co 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.


Lumi Rental Co  (SAU:4262) 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.


Lumi Rental Co Shares Outstanding (Diluted Average) Related Terms

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Lumi Rental Co Business Description

Industry
Traded in Other Exchanges
N/A
Address
Imam Saud bin Abdulaziz bin, P.O. Box 6477, Muhammad Street, Al-Taawun District, Riyadh, SAU, 12476
Lumi Rental Co is a Car rental company that offers lease services to corporate and Government sector clients, provides rentals through a network of Thirty airport and city branches across the Kingdom and via digital channels, and sells used vehicles reaching the end of their useful life. The company has three reportable segments which are Leasing includes Providing vehicles on long-term leases to corporate and government customers. Rental includes Providing vehicles on daily, weekly, and monthly rentals to walking and corporate customers, and used car sale provides the sale of vehicles that have completed their economical life as per management policy.

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