Olympic Steel Stock Return On Asset
| ZEUS Stock | USD 57.55 6.13 9.63% |
Olympic Steel fundamentals help investors to digest information that contributes to Olympic Steel's financial success or failures. It also enables traders to predict the movement of Olympic Stock. The fundamental analysis module provides a way to measure Olympic Steel's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Olympic Steel stock.
Return On Assets is likely to gain to 0.05 in 2024. Olympic | Return On Asset |
Olympic Steel Company Return On Asset Analysis
Olympic Steel's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Olympic Steel Return On Asset | 0.05 |
Most of Olympic Steel's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Olympic Steel is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Olympic Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Olympic Steel is extremely important. It helps to project a fair market value of Olympic Stock properly, considering its historical fundamentals such as Return On Asset. Since Olympic Steel's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Olympic Steel's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Olympic Steel's interrelated accounts and indicators.
Click cells to compare fundamentals
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Olympic Total Assets
Total Assets |
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Based on the latest financial disclosure, Olympic Steel has a Return On Asset of 0.05. This is 93.24% lower than that of the Metals & Mining sector and 98.95% lower than that of the Materials industry. The return on asset for all United States stocks is 135.71% lower than that of the firm.
Olympic Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Olympic Steel's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Olympic Steel could also be used in its relative valuation, which is a method of valuing Olympic Steel by comparing valuation metrics of similar companies.Olympic Steel is currently under evaluation in return on asset category among related companies.
Olympic Fundamentals
| Return On Equity | 0.0797 | ||||
| Return On Asset | 0.05 | ||||
| Profit Margin | 0.02 % | ||||
| Operating Margin | 0.03 % | ||||
| Current Valuation | 891.17 M | ||||
| Shares Outstanding | 11.13 M | ||||
| Shares Owned By Insiders | 12.03 % | ||||
| Shares Owned By Institutions | 89.03 % | ||||
| Number Of Shares Shorted | 315.62 K | ||||
| Price To Earning | 1.85 X | ||||
| Price To Book | 1.37 X | ||||
| Price To Sales | 0.35 X | ||||
| Revenue | 2.16 B | ||||
| Gross Profit | 486.06 M | ||||
| EBITDA | 104.85 M | ||||
| Net Income | 44.53 M | ||||
| Cash And Equivalents | 8.45 M | ||||
| Cash Per Share | 0.76 X | ||||
| Total Debt | 228.47 M | ||||
| Debt To Equity | 0.64 % | ||||
| Current Ratio | 3.49 X | ||||
| Book Value Per Share | 48.27 X | ||||
| Cash Flow From Operations | 173.58 M | ||||
| Short Ratio | 3.57 X | ||||
| Earnings Per Share | 3.85 X | ||||
| Price To Earnings To Growth | 0.46 X | ||||
| Target Price | 73.0 | ||||
| Number Of Employees | 2.17 K | ||||
| Beta | 1.65 | ||||
| Market Capitalization | 640.68 M | ||||
| Total Asset | 1.01 B | ||||
| Retained Earnings | 418.9 M | ||||
| Working Capital | 422.93 M | ||||
| Current Asset | 308.95 M | ||||
| Current Liabilities | 77.06 M | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 0.52 % | ||||
| Net Asset | 1.01 B | ||||
| Last Dividend Paid | 0.38 |
About Olympic Steel Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Olympic Steel's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Olympic Steel using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Olympic Steel based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Olympic Steel is a strong investment it is important to analyze Olympic Steel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Olympic Steel's future performance. For an informed investment choice regarding Olympic Stock, refer to the following important reports:Check out Olympic Steel Piotroski F Score and Olympic Steel Altman Z Score analysis. For more information on how to buy Olympic Stock please use our How to Invest in Olympic Steel guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Olympic Stock analysis
When running Olympic Steel's price analysis, check to measure Olympic Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Olympic Steel is operating at the current time. Most of Olympic Steel's value examination focuses on studying past and present price action to predict the probability of Olympic Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Olympic Steel's price. Additionally, you may evaluate how the addition of Olympic Steel to your portfolios can decrease your overall portfolio volatility.
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Is Olympic Steel's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Olympic Steel. If investors know Olympic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Olympic Steel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.12) | Dividend Share 0.375 | Earnings Share 3.85 | Revenue Per Share 182.104 | Quarterly Revenue Growth (0.08) |
The market value of Olympic Steel is measured differently than its book value, which is the value of Olympic that is recorded on the company's balance sheet. Investors also form their own opinion of Olympic Steel's value that differs from its market value or its book value, called intrinsic value, which is Olympic Steel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Olympic Steel's market value can be influenced by many factors that don't directly affect Olympic Steel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Olympic Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Olympic Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Olympic Steel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.