The Idiot Index
Shareholder Extraction in Hardware Manufacturing · FY 2023
34 of 45 companies · highest first- 127.62× buybacks+dividends / R&Dverified
- 214.06× buybacks+dividends / R&Dverified
- 310.31× buybacks+dividends / R&Dverified
- 410.07× buybacks+dividends / R&Dverified
- 58.5860× buybacks+dividends / R&Dverified
- 68.4412× buybacks+dividends / R&Dverified
- 77.5236× buybacks+dividends / R&Dverified
- 87.0314× buybacks+dividends / R&Dverified
- 94.9280× buybacks+dividends / R&Dverified
- 104.6847× buybacks+dividends / R&Dverified
Not yet covered (11)
These companies are in the Hardware Manufacturing 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
- Hardware Manufacturing
- Methodology version
- v1.0.0
Applied to companies whose primary cost basis is physical materials and manufacturing.
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.