This is the average share buyback rate of the company over the past 3 years. A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
The historical rank and industry rank for Snowflake's 3-Year Average Share Buyback Ratio or its related term are showing as below:
SNOW'
s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -9.4 Med: -9.4 Max: -9.4
Current: -9.4
During the past years, Snowflake's highest 3-Year Average Share Buyback Ratio was -9.40. The lowest was -9.40. And the median was -9.40.
SNOW's 3-Year Average Share Buyback Ratio is ranked worse than 66.27% of 1838
companies
in the Software industry
Industry Median: -3.90
vs SNOW: -9.40
Snowflake 3-Year Average Share Buyback Ratio Historical Data
The historical data trend for Snowflake's 3-Year Average Share Buyback Ratio 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.
Snowflake Annual Data
Trend
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Jan20
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Jan22
3-Year Average Share Buyback Ratio
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Snowflake Quarterly Data
Jan19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
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Apr22
3-Year Average Share Buyback Ratio
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Competitive Comparison
For the Software - Application subindustry, Snowflake's 3-Year Average Share Buyback Ratio, along with its competitors' market caps and 3-Year Average 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.
Snowflake 3-Year Average Share Buyback Ratio Distribution
For the Software industry and Technology sector, Snowflake's 3-Year Average Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Snowflake's 3-Year Average Share Buyback Ratio falls into.
Snowflake 3-Year Average Share Buyback Ratio Calculation
This is the average share buyback rate of the company over the past 3 years.
Snowflake (NYSE:SNOW) 3-Year Average 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.
Snowflake 3-Year Average Share Buyback Ratio Related Terms
Thank you for viewing the detailed overview of Snowflake's 3-Year Average Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that came public in 2020. To date, the company has over 3,000 customers including nearly 30% of the Fortune 500 as its customers. Snowflake's data lake stores unstructured and semistructured data that can then be used in analytics to create insights stored in its data warehouse. Snowflake's data sharing capability allows enterprises to easily buy and ingest data almost instantaneously compared with a traditionally months-long process. Overall, the company is known for the fact that all of its data solutions that can be hosted on various public clouds.
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