The Idiot Index
Shareholder Extraction in Consumer Internet · FY 2023
23 of 37 companies · highest first- 18.9764× buybacks+dividends / R&Dverified
- 25.6762× buybacks+dividends / R&Dverified
- 31.8064× buybacks+dividends / R&Dverified
- 41.5929× buybacks+dividends / R&Dverified
- 51.1150× buybacks+dividends / R&Dverified
- 60.9914× buybacks+dividends / R&Dverified
- 70.7173× buybacks+dividends / R&Dverified
- 80.6311× buybacks+dividends / R&Dverified
- 90.2639× buybacks+dividends / R&Dverified
- 100.1356× buybacks+dividends / R&Dverified
Not yet covered (14)
These companies are in the Consumer Internet cohort but don't have a Shareholder Extraction computed for FY 2023. Either the underlying inputs aren't tagged in their XBRL filings, the DEF 14A pay-ratio narrative didn't parse cleanly, or this fiscal year hasn't been ingested for them yet.
What this measures
Full methodology →Dollars sent to shareholders for every dollar invested in R&D.
- Ratio
- Shareholder Extraction
- Sector
- Consumer Internet
- Methodology version
- v1.0.0
Applied to companies whose primary cost basis is cloud infrastructure and customer-facing operations rather than physical materials. The Markup Ratio carries explicit context that COGS captures non-material inputs.
Whether the company invests in future productive capacity or extracts current value to shareholders. A ratio above 3.0 typically indicates an extraction-dominant capital allocation policy. A ratio below 1.0 indicates the company is investing more in its future than returning to shareholders.
Source data: PaymentsForRepurchaseOfCommonStock, PaymentsOfDividends, ResearchAndDevelopmentExpense (us-gaap) or equivalents in IFRS.