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Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Financial Gravity's average basic shares outstanding for the quarter that ended in Jun. 2023 was 94.78 Mil.
The historical data trend for Financial Gravity's Shares Outstanding (Basic 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.
Financial Gravity Annual Data | |||||||||||||||||||||
Trend | Sep13 | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | |||||||||||
Shares Outstanding (Basic Average) | Get a 7-Day Free Trial | 35.83 | 37.83 | 57.14 | 84.95 | 92.26 |
Financial Gravity Quarterly Data | ||||||||||||||||||||
Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Jun23 | |
Shares Outstanding (Basic Average) | Get a 7-Day Free Trial | 91.81 | 91.81 | 91.81 | 92.26 | 94.78 |
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.
Financial Gravity (OTCPK:FGCO) Shares Outstanding (Basic 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.
Thank you for viewing the detailed overview of Financial Gravity's Shares Outstanding (Basic Average) provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark John Williams | director | 26420 VIA MALLORCA, CARMEL CA 93923 |
William Robert Nelson | director | 2501 RANCH ROAD 620 SOUTH, SUITE 110, LAKEWAY TX 78734 |
Gary Joel Nemer | director | 800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013 |
Jennifer Winters | director | 2501 RANCH ROAD 620 SOUTH, SUITE 110, LAKEWAY TX 78734 |
Scott Christopher Winters | director, officer: CEO, Co-Chairman of the Board | 800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013 |
Paul O Williams | director, officer: Chief Financial Officer | 800 N. WATTERS ROAD. SUITE 120, ALLEN TX 75013 |
Debra Lynn Buckner | officer: Chief Operating Officer | 8505 S. COUNTRY CLUB DRIVE, OKLAHOMA CITY OK 73159 |
David W. Myers | director | 800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013 |
Todd Bourgeois | director | 800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013 |
Michael Lin Ashby | director | 800 N. WATTERS RD., SUITE 150, ALLEN TX 75013 |
John David Pollock | director, 10 percent owner, officer: CEO | 800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013 |
Ricky J Johnson | officer: Chief Operating Officer | 800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013 |
George E Crumley | director | 800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013 |
James F. Reggio | officer: CTO and Chief Mktg Officer | 3607 POLO RUN DR., FLOWER MOUND TX 75028 |
Arthur David Crowley | director, officer: Pres. and Ch. Strategy Officer | 800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013 |
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