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Olympic Steel Stock

Olympic Steel ROE 2024

Olympic Steel ROE

0.08

Ticker

ZEUS

ISIN

US68162K1060

WKN

901092

In 2024, Olympic Steel's return on equity (ROE) was 0.08, a -54.49% increase from the 0.18 ROE in the previous year.

Olympic Steel Aktienanalyse

What does Olympic Steel do?

Olympic Steel Inc. is a US-based company that specializes in the manufacturing, trading, and processing of high-quality steel. The company was founded in 1954 and has since had a long history in the steel and metal industry. Starting as a trading company, Olympic Steel Inc. has now diversified into three different segments: metal service centers, specialty products, and pipe products. Olympic Steel offers a wide range of high-quality metal products to its customers, which can be used in various industries such as construction, automotive, oil and gas, and many others. The metal service centers of Olympic Steel provide customers with a wide selection of customized products tailored to their individual needs and meeting the highest quality standards. Products include flat steel, hollow sections, pipes, steel sheets, stainless steel, aluminum, and much more. Products are either delivered directly to customers or distributed through a network of sales offices and warehouses in North America and Europe. Another important segment of Olympic Steel is specialty products. This involves customized solutions tailored to the requirements of individual customers. For example, this segment produces customized containers, crates, truck beds, steel parts, or components. The company has modern production facilities and high expertise to meet customer demands. The third segment of Olympic Steel is pipe products. Specifically, pipes for use in the oil and gas industry are manufactured, including seamless pipes and large-diameter pipes. The pipes are produced and distributed in a few standard forms or with individual dimensions and specifications. Olympic Steel is both involved in metal production and trading. The company aims to provide its customers with the highest quality and performance in all areas of the metal trade. Olympic Steel strives to establish itself as a leading provider of steel products and solutions, while maximizing customer value. The company is headquartered in Ohio, USA, and employs more than 1,300 people in North America and Europe. Olympic Steel is a company dedicated to innovation and continuous improvement, investing in modern machinery and technologies, as well as the professional development of its employees. Throughout its history, Olympic Steel has overcome several challenges. Over the years, the company has adapted its products and business models to meet the changing demands of the market. The management team has responded well to economic challenges, leading the company to become a leader in the industry. Lastly, Olympic Steel's social responsibilities are worth mentioning. The company is strongly committed to society and the environment, advocating for sustainability and environmental compatibility. Through initiatives such as safe working conditions and equal opportunities, Olympic Steel has earned an excellent reputation within the community. Overall, Olympic Steel is a high-quality company that offers its customers individualized, tailored solutions. The company has consistently adapted to the changing needs of customers and the economy, achieving a leading position in the steel industry. With its commitment to social responsibilities, Olympic Steel remains a respected company in the public eye. Olympic Steel ist eines der beliebtesten Unternehmen auf Eulerpool.com.

ROE Details

Decoding Olympic Steel's Return on Equity (ROE)

Olympic Steel's Return on Equity (ROE) is a fundamental metric evaluating the company's profitability relative to its equity. Calculated by dividing net income by shareholder's equity, ROE illustrates how effectively the company is generating profits from shareholders’ investments. A higher ROE represents enhanced efficiency and profitability.

Year-to-Year Comparison

Analyzing Olympic Steel's ROE on a yearly basis aids in tracking its profitability trends and financial performance. An increasing ROE suggests enhanced profitability and value generation for shareholders, whereas a declining ROE may indicate issues in profit generation or equity management.

Impact on Investments

Olympic Steel's ROE is instrumental for investors assessing the company's profitability, efficiency, and investment attractiveness. A robust ROE indicates the firm’s adeptness at converting equity investments into profits, thereby enhancing its appeal to potential and current investors.

Interpreting ROE Fluctuations

Changes in Olympic Steel’s ROE can emanate from variations in net income, equity capital, or both. These fluctuations are scrutinized to evaluate management’s effectiveness, financial strategies, and the inherent risks and opportunities, aiding investors in making informed decisions.

Frequently Asked Questions about Olympic Steel stock

What is the ROE (Return on Equity) of Olympic Steel this year?

The ROE of Olympic Steel this year is 0.08 undefined.

How has the Return on Equity (ROE) of Olympic Steel developed compared to the previous year?

The ROE of Olympic Steel has increased by -54.49% decreased compared to the previous year.

What impact does a high ROE (Return on Equity) have on investors of Olympic Steel?

A high ROE indicates that Olympic Steel generates good returns on capital and is successful in monetizing its investments. This is a positive indicator for investors.

What impact does a low ROE (Return on Equity) have on investors of Olympic Steel?

A low ROE can indicate that Olympic Steel is having difficulties monetizing its investments successfully and can be a negative signal for investors.

How does a change in the ROE (Return on Equity) of Olympic Steel affect the company?

A change in ROE (Return on Equity) of Olympic Steel can be an indicator of the financial performance of the company and demonstrate how successful the company is compared to other companies in the same industry.

How to calculate the ROE (Return on Equity) of Olympic Steel?

The ROE (Return on Equity) is calculated by dividing the company's profit by the total equity. The formula is: ROE = Profit / Total equity.

Which factors influence the ROE (Return on Equity) of Olympic Steel?

Some factors that can influence Olympic Steel's Return on Equity (ROE) include the efficiency in using equity, the profitability of the company, and the financing structure.

What strategic measures can take to improve the ROE (Return on Equity)?

To improve the Return on Equity (ROE), can take measures such as cost savings, increasing revenue, improving efficiency in the use of equity, and making changes in the financing structure. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic actions to improve ROE.

How much dividend does Olympic Steel pay?

Over the past 12 months, Olympic Steel paid a dividend of 0.5 USD . This corresponds to a dividend yield of about 1.27 %. For the coming 12 months, Olympic Steel is expected to pay a dividend of 0.58 USD.

What is the dividend yield of Olympic Steel?

The current dividend yield of Olympic Steel is 1.27 %.

When does Olympic Steel pay dividends?

Olympic Steel pays a quarterly dividend. This is distributed in the months of December, April, July, September.

How secure is the dividend of Olympic Steel?

Olympic Steel paid dividends every year for the past 20 years.

What is the dividend of Olympic Steel?

For the upcoming 12 months, dividends amounting to 0.58 USD are expected. This corresponds to a dividend yield of 1.48 %.

In which sector is Olympic Steel located?

Olympic Steel is assigned to the 'Commodities' sector.

Wann musste ich die Aktien von Olympic Steel kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Olympic Steel from 9/16/2024 amounting to 0.15 USD, you needed to have the stock in your portfolio before the ex-date on 8/30/2024.

When did Olympic Steel pay the last dividend?

The last dividend was paid out on 9/16/2024.

What was the dividend of Olympic Steel in the year 2023?

In the year 2023, Olympic Steel distributed 0.36 USD as dividends.

In which currency does Olympic Steel pay out the dividend?

The dividends of Olympic Steel are distributed in USD.

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Andere Kennzahlen von Olympic Steel

Our stock analysis for Olympic Steel Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Olympic Steel Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.