RevenueNet IncomeP/EP/SEBITDividendStocksMarket capitalizationDebtLiabilitiesEquityAAQSEmployeesROEROAROCE
Olympic Steel Stock

Olympic Steel ROA 2024

Olympic Steel ROA

0.05

Ticker

ZEUS

ISIN

US68162K1060

WKN

901092

In 2024, Olympic Steel's return on assets (ROA) was 0.05, a -55.65% increase from the 0.1 ROA 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.

ROA Details

Understanding Olympic Steel's Return on Assets (ROA)

Olympic Steel's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.

Year-to-Year Comparison

Comparing Olympic Steel's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.

Impact on Investments

Investors consider Olympic Steel's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.

Interpreting ROA Fluctuations

Variations in Olympic Steel’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.

Frequently Asked Questions about Olympic Steel stock

What is the Return on Assets (ROA) of Olympic Steel this year?

The Return on Assets (ROA) of Olympic Steel is 0.05 undefined this year.

What was the ROA of Olympic Steel compared to the previous year?

The ROA of Olympic Steel has increased by -55.65% compared to the previous year.

What consequences do high ROA have for investors of Olympic Steel?

A high ROA is advantageous for investors of Olympic Steel, as it indicates that the company efficiently utilizes its assets and generates good profits.

What are the consequences of low ROA for investors in Olympic Steel?

A low ROA can be unfavorable for investors of Olympic Steel as it indicates that the company is inefficiently utilizing its assets and may potentially achieve lower profits.

How does an increase in the ROA of Olympic Steel affect the company?

An increase in ROA of Olympic Steel can be an indicator of improved efficiency in asset utilization and higher profitability.

How does a reduction in ROA of Olympic Steel impact the company?

A reduction in the ROA of Olympic Steel can be an indicator of lower asset efficiency and profitability.

What are some factors that can influence the ROA of Olympic Steel?

Some factors that can influence the ROA of Olympic Steel include revenue, operating costs, asset structure, and industry average.

Why is the ROA of Olympic Steel important for investors?

The ROA of Olympic Steel is important for investors as it is an indicator of the company's profitability and efficiency in utilizing assets. It provides investors with information on how well the company utilizes its resources to generate profits.

What strategic measures can Olympic Steel take to improve ROA?

To improve ROA, Olympic Steel can take measures such as cost savings, revenue growth, optimizing asset structure, and diversifying its business activities. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic measures to improve ROA.

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 1.26 %. 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 1.26 %.

When does Olympic Steel pay dividends?

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

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 1.47 %.

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 12/16/2024 amounting to 0.15 USD, you needed to have the stock in your portfolio before the ex-date on 12/2/2024.

When did Olympic Steel pay the last dividend?

The last dividend was paid out on 12/16/2024.

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.

Stock savings plans offer an attractive way for investors to build wealth over the long term. One of the main advantages is the so-called cost-average effect: by regularly investing a fixed amount in stocks or stock funds, you automatically buy more shares when prices are low, and fewer when they are high. This can lead to a more favorable average price per share over time. In addition, stock savings plans allow small investors access to expensive stocks, as they can participate with small amounts. Regular investment also promotes a disciplined investment strategy and helps to avoid emotional decisions, such as impulsive buying or selling. Furthermore, investors benefit from the potential appreciation of the stocks as well as from dividend distributions, which can be reinvested, enhancing the compounding effect and thus the growth of the invested capital.

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.