What is the Return on Assets (ROA) of Steelcase this year?
The Return on Assets (ROA) of Steelcase is 0.03 undefined this year.
Steelcase ROA 2024
Steelcase ROA
0.03
Ticker
SCS
ISIN
US8581552036
WKN
912283
In 2024, Steelcase's return on assets (ROA) was 0.03, a 1,921.73% increase from the 0 ROA in the previous year.
Steelcase Aktienanalyse
What does Steelcase do?
Steelcase Inc is a leading manufacturer of office furniture and furnishings based in Grand Rapids, Michigan. The company was founded in 1912 by cousins Peter Martin Wege and Walter D. Idema and now has over 11,000 employees worldwide in 80 countries. Steelcase ist eines der beliebtesten Unternehmen auf Eulerpool.com.ROA Details
Understanding Steelcase's Return on Assets (ROA)
Steelcase'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 Steelcase'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 Steelcase'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 Steelcase’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 Steelcase Stock
What was the ROA of Steelcase compared to the previous year?
The ROA of Steelcase has increased by 1,921.73% compared to the previous year.
What consequences do high ROA have for investors of Steelcase?
A high ROA is advantageous for investors of Steelcase, as it indicates that the company efficiently utilizes its assets and generates good profits.
What are the consequences of low ROA for investors in Steelcase?
A low ROA can be unfavorable for investors of Steelcase 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 Steelcase affect the company?
An increase in ROA of Steelcase can be an indicator of improved efficiency in asset utilization and higher profitability.
How does a reduction in ROA of Steelcase impact the company?
A reduction in the ROA of Steelcase can be an indicator of lower asset efficiency and profitability.
What are some factors that can influence the ROA of Steelcase?
Some factors that can influence the ROA of Steelcase include revenue, operating costs, asset structure, and industry average.
Why is the ROA of Steelcase important for investors?
The ROA of Steelcase 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 Steelcase take to improve ROA?
To improve ROA, Steelcase 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 Steelcase pay?
Over the past 12 months, Steelcase paid a dividend of 0.2 USD . This corresponds to a dividend yield of about 1.54 %. For the coming 12 months, Steelcase is expected to pay a dividend of 0.19 USD.
What is the dividend yield of Steelcase?
The current dividend yield of Steelcase is 1.54 %.
When does Steelcase pay dividends?
Steelcase pays a quarterly dividend. This is distributed in the months of August, November, February, May.
How secure is the dividend of Steelcase?
Steelcase paid dividends every year for the past 25 years.
What is the dividend of Steelcase?
For the upcoming 12 months, dividends amounting to 0.19 USD are expected. This corresponds to a dividend yield of 1.48 %.
In which sector is Steelcase located?
Steelcase is assigned to the 'Industry' sector.
Wann musste ich die Aktien von Steelcase kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Steelcase from 4/15/2024 amounting to 0.1 USD, you needed to have the stock in your portfolio before the ex-date on 4/2/2024.
When did Steelcase pay the last dividend?
The last dividend was paid out on 4/15/2024.
What was the dividend of Steelcase in the year 2023?
In the year 2023, Steelcase distributed 0.3 USD as dividends.
In which currency does Steelcase pay out the dividend?
The dividends of Steelcase 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 Steelcase
Our stock analysis for Steelcase 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 Steelcase Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
