The Idiot Index

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Sector
Shareholder ExtractionApplied to brick-and-mortar and omnichannel retailers. COGS captures merchandise purchased for resale plus distribution, so the Markup Ratio is naturally compressed (retail margins are thin by structure); the load-bearing indicator is Labor Share, since retail employs millions…
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Shareholder Extraction in Retail · FY 2024

1 of 35 companies · highest first
  1. 1
    GAPGap
    $7.46 to shareholders for every $1 in R&D
    7.4565
    × buybacks+dividends / R&D

Not yet covered (34)

These companies are in the Retail cohort but don't have a Shareholder Extraction computed for FY 2024. 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
Retail
Methodology version
v1.0.0
Formula
(Buybacks + Dividends) / R&DExpense
Sector context

Applied to brick-and-mortar and omnichannel retailers. COGS captures merchandise purchased for resale plus distribution, so the Markup Ratio is naturally compressed (retail margins are thin by structure); the load-bearing indicator is Labor Share, since retail employs millions of workers and pay-ratio disclosures are politically central to the sector.

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.