Shyft Group

Shyft Group ROA

Delisted

The Return on Assets (ROA) of Shyft Group (SHYF) as of Oct 31, 2026 is -0.49 %. In the previous year, Return on Assets (ROA) was 1.23 % — a change of -140.10% (lower).

ROA

-0.49 %

YoY

-140.10%

Last updated:

In 2024, Shyft Group's return on assets (ROA) was -0.49 %, a -140.10% increase from the 1.23 % ROA in the previous year.

The Shyft Group ROA history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

ROA
Date
ROA
Jan 1, 2017
5.29 USD
Jan 1, 2018
4.24 USD
Jan 1, 2019
8.17 USD
Jan 1, 2020
9.14 USD
Jan 1, 2021
15.39 USD
Jan 1, 2022
6.30 USD
Jan 1, 2023
1.23 USD
Jan 1, 2024
-0.49 USD
The Shyft Group ROA history
YEARROAYoY
-0.49 %-140.10%
1.23 %-80.54%
6.30 %-59.08%
15.39 %+68.37%
9.14 %+11.94%
8.17 %+92.44%
4.24 %-19.80%
5.29 %+49.51%
3.54 %-148.10%
-7.36 %-1,597.96%
0.49 %—

Access this data via the Eulerpool API

100,000 free requests/mo · no credit card

Shyft Group Stock analysis

What does Shyft Group do? The Shyft Group Inc is a leading company in the specialty vehicles sector, headquartered in Novi, Michigan, USA. The company's history dates back to 1952 when it was founded under the name Brown Industries. Since then, the company has continuously evolved and is now a key player in various segments of the transportation industry. The business model of Shyft Group Inc is based on the development and manufacturing of vehicles tailored to the specific needs and requirements of customers. The company uses advanced technologies and materials to produce innovative and durable vehicles. The range of services includes the development of specialty vehicles for delivery, material transport, mobile workshops, emergency services, and mobile businesses. Overall, the company consists of four different divisions. The first division, Shyft Fleet Vehicles and Services, specializes in the development and manufacturing of commercial vehicles. This includes courier, parcel delivery, utility vehicles, and heavy-duty transporters. The vehicles of Shyft Fleet Vehicles and Services are manufactured in close collaboration with customers to meet the specific requirements of various industries such as agriculture, maintenance and repair of communication equipment, or automotive services. The second division of Shyft Group Inc is Spartan Emergency Response and manufactures specialized response vehicles, fire trucks, rescue vehicles, and command vehicles. These vehicles are used, for example, by fire departments or emergency medical services. The specialty vehicles are designed to be optimally tailored to the needs of different customers. The third division of Shyft Group Inc is Spartan Specialty Vehicles, which produces mobile businesses or mobile sales booths, for example. The vehicles of Spartan Specialty Vehicles are used, for instance, as mobile workshops or stationary solutions for dealers and events. Customers can have the vehicles customized to ensure that they meet the specific requirements of their respective companies or event organizers. The fourth division of Shyft Group Inc is Spartan Motors International, which specializes in the export of specialty vehicles abroad. This primarily reaches customers in Asia, Africa, and Europe. With this, Shyft Group Inc has been able to expand its global presence and steadily increase its revenue since the beginning of the export business. Shyft Group Inc offers a wide range of products, all tailored to the specific needs of customers. The already mentioned commercial vehicles and specialty vehicles form only part of the product offering. The company also produces so-called Morgan storage solutions, which have foldable walls and can be easily dismantled as truck bodies. The technologies used in the development and manufacturing of the vehicles are advanced and forward-thinking. An important argument for the company is the commitment to producing environmentally friendly and resource-efficient vehicles. For example, many of the vehicles have alternative propulsion or exhaust cleaning systems to reduce CO2 emissions and other pollutants. In summary, Shyft Group Inc is an important player in the specialty vehicles market. With four different divisions and a wide range of products, the company aims to serve customers in various industries and regions. The focus on customer orientation, innovation, and sustainability is a key unique selling point of the company. Shyft Group is one of the most popular companies on Eulerpool.

ROA Details

Understanding Shyft Group's Return on Assets (ROA)

Shyft Group'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 Shyft Group'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 Shyft Group'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 Shyft Group’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 Shyft Group stock

Return on Assets (ROA) of Shyft Group is -0.49 % in 2024.

Return on Assets (ROA) of Shyft Group changed from 1.23 % to -0.49 %, representing a -140.10% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Return on Assets (ROA) Shyft Group since 2006 – with annual values, charts, and detailed analysis.

Return on Assets, also known as ROA, is a financial metric used to measure a company's profitability. It is used to determine how effectively a company uses its assets to generate profits. It is also referred to as the ratio of net income to total assets. ROA is an important indicator of a company's overall financial performance as it measures the company's ability to generate more profit from the assets it employs.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Return on Assets (ROA)'s Shyft Group with sector peers and the industry average to assess whether it is attractive.

To evaluate Return on Assets (ROA)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Return on Assets (ROA).

Access this data via the Eulerpool API

100,000 free requests/mo · no credit card

Profitability — Shyft Group

All Key Metrics — Shyft Group