Rio Tinto (MEX:RIO N) 3-Year Share Buyback Ratio : -0.10% (As of Dec. 2024)

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What is Rio Tinto 3-Year Share Buyback Ratio?

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Rio Tinto's current 3-Year Share Buyback Ratio was -0.10%.

The historical rank and industry rank for Rio Tinto's 3-Year Share Buyback Ratio or its related term are showing as below:

MEX:RIO N' s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -8.8 Med: -0.1 Max: 20.1
Current: -0.1

During the past 13 years, Rio Tinto's highest 3-Year Share Buyback Ratio was 20.10%. The lowest was -8.80%. And the median was -0.10%.

MEX:RIO N's 3-Year Share Buyback Ratio is ranked better than
95.7% of 2021 companies
in the Metals & Mining industry
Industry Median: -14.7 vs MEX:RIO N: -0.10

Competitive Comparison of Rio Tinto's 3-Year Share Buyback Ratio

For the Other Industrial Metals & Mining subindustry, Rio Tinto's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year 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.

Rio Tinto's 3-Year Share Buyback Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Rio Tinto's 3-Year Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Rio Tinto's 3-Year Share Buyback Ratio falls into.

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Rio Tinto 3-Year Share Buyback Ratio Calculation

This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Rio Tinto (MEX:RIO N) 3-Year Share Buyback Ratio Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

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.

Rio Tinto 3-Year Share Buyback Ratio Related Terms

Thank you for viewing the detailed overview of Rio Tinto's 3-Year Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Rio Tinto Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rio Tinto PLC (MEX:RIO N) » Definitions » 3-Year Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

RTPPF:USA RIO:USA 0KWZ:UK RIOl:UK RIO:UK RIOA:Germany RIO1:Germany RIO1:Germany RIO1:Germany RIOA:Germany RIO1:Germany RIOT34:Brazil RIO1:Bulgaria RIO:Argentina

Address

6 St James’s Square, London, GBR, SW1Y 4AD

Website

https://www.riotinto.com

Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminum, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included the Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.

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