Olympic Total Stockholder Equity vs Net Invested Capital Analysis

ZEUS Stock

USD 53.12 2.57 4.61%

Olympic Steel financial indicator trend analysis is much more than just breaking down Olympic Steel prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Olympic Steel is a good investment. Please check the relationship between Olympic Steel Total Stockholder Equity and its Net Invested Capital accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Olympic Steel. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy Olympic Stock please use our How to Invest in Olympic Steel guide.

Total Stockholder Equity vs Net Invested Capital

Total Stockholder Equity vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Olympic Steel Total Stockholder Equity account and Net Invested Capital. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Olympic Steel's Total Stockholder Equity and Net Invested Capital is 0.81. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Olympic Steel, assuming nothing else is changed. The correlation between historical values of Olympic Steel's Total Stockholder Equity and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Olympic Steel are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Total Stockholder Equity i.e., Olympic Steel's Total Stockholder Equity and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.81

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from Olympic Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Olympic Steel current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Olympic Steel. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy Olympic Stock please use our How to Invest in Olympic Steel guide.Sales General And Administrative To Revenue is likely to gain to 0.12 in 2024, whereas Selling General Administrative is likely to drop slightly above 137.4 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	510.2M	486.1M	447.1M	235.8M
Total Revenue	2.3B	2.6B	2.2B	1.2B

Gross Profit Total Revenue

Olympic Steel fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Good Will	Common Stock Total Equity
Total Assets		0.79	0.76	0.94	0.67	0.78	0.76	0.64	0.89	0.64	0.52	-0.15	0.64	0.89	0.69	0.81	0.95	0.52	0.0	0.91	0.24	0.95	0.13	0.35	0.09	0.76
Short Long Term Debt Total	0.79		0.54	0.77	0.29	0.55	1.0	0.25	0.79	0.39	0.23	0.18	0.39	0.76	0.5	0.99	0.83	0.53	0.23	0.95	-0.07	0.82	0.4	0.04	-0.13	0.39
Other Current Liab	0.76	0.54		0.76	0.86	0.39	0.5	0.86	0.66	0.79	0.56	-0.42	0.79	0.83	0.55	0.49	0.81	0.27	-0.19	0.63	0.44	0.83	-0.01	0.56	0.09	0.64
Total Current Liabilities	0.94	0.77	0.76		0.6	0.7	0.76	0.57	0.98	0.55	0.49	-0.08	0.55	0.86	0.58	0.79	0.91	0.52	0.09	0.92	0.19	0.9	0.02	0.3	0.15	0.59
Total Stockholder Equity	0.67	0.29	0.86	0.6		0.53	0.24	0.99	0.52	0.89	0.82	-0.69	0.89	0.6	0.67	0.28	0.62	0.24	-0.28	0.43	0.69	0.63	-0.04	0.82	0.4	0.76
Property Plant And Equipment Net	0.78	0.55	0.39	0.7	0.53		0.53	0.46	0.72	0.41	0.68	-0.08	0.41	0.49	0.82	0.64	0.6	0.6	0.01	0.7	0.39	0.58	-0.03	0.38	0.33	0.71
Net Debt	0.76	1.0	0.5	0.76	0.24	0.53		0.2	0.77	0.34	0.19	0.22	0.34	0.74	0.49	0.99	0.81	0.53	0.26	0.95	-0.11	0.8	0.4	0.0	-0.15	0.36
Retained Earnings	0.64	0.25	0.86	0.57	0.99	0.46	0.2		0.49	0.91	0.8	-0.73	0.91	0.58	0.58	0.23	0.6	0.2	-0.3	0.39	0.69	0.6	-0.06	0.83	0.41	0.72
Accounts Payable	0.89	0.79	0.66	0.98	0.52	0.72	0.77	0.49		0.48	0.49	-0.03	0.48	0.77	0.59	0.81	0.85	0.56	0.2	0.93	0.17	0.84	0.07	0.27	0.23	0.54
Cash	0.64	0.39	0.79	0.55	0.89	0.41	0.34	0.91	0.48		0.72	-0.64	1.0	0.6	0.48	0.35	0.62	0.12	-0.34	0.46	0.61	0.62	0.2	0.74	0.32	0.6
Non Current Assets Total	0.52	0.23	0.56	0.49	0.82	0.68	0.19	0.8	0.49	0.72		-0.7	0.72	0.25	0.65	0.28	0.35	0.44	-0.13	0.38	0.82	0.33	-0.12	0.91	0.73	0.63
Non Currrent Assets Other	-0.15	0.18	-0.42	-0.08	-0.69	-0.08	0.22	-0.73	-0.03	-0.64	-0.7		-0.64	-0.02	-0.14	0.18	-0.06	-0.01	0.27	0.08	-0.79	-0.05	0.09	-0.93	-0.64	-0.48
Cash And Short Term Investments	0.64	0.39	0.79	0.55	0.89	0.41	0.34	0.91	0.48	1.0	0.72	-0.64		0.6	0.48	0.35	0.62	0.12	-0.34	0.46	0.61	0.62	0.2	0.74	0.32	0.6
Net Receivables	0.89	0.76	0.83	0.86	0.6	0.49	0.74	0.58	0.77	0.6	0.25	-0.02	0.6		0.55	0.72	0.94	0.22	-0.1	0.82	0.1	0.97	0.17	0.17	-0.23	0.64
Common Stock Shares Outstanding	0.69	0.5	0.55	0.58	0.67	0.82	0.49	0.58	0.59	0.48	0.65	-0.14	0.48	0.55		0.54	0.61	0.39	-0.02	0.59	0.43	0.6	0.11	0.41	0.16	0.78
Non Current Liabilities Total	0.81	0.99	0.49	0.79	0.28	0.64	0.99	0.23	0.81	0.35	0.28	0.18	0.35	0.72	0.54		0.81	0.61	0.26	0.97	-0.04	0.8	0.37	0.06	-0.06	0.43
Inventory	0.95	0.83	0.81	0.91	0.62	0.6	0.81	0.6	0.85	0.62	0.35	-0.06	0.62	0.94	0.61	0.81		0.46	0.04	0.9	0.06	0.99	0.24	0.22	-0.07	0.65
Other Current Assets	0.52	0.53	0.27	0.52	0.24	0.6	0.53	0.2	0.56	0.12	0.44	-0.01	0.12	0.22	0.39	0.61	0.46		0.56	0.61	0.05	0.39	0.01	0.22	0.33	0.25
Other Stockholder Equity	0.0	0.23	-0.19	0.09	-0.28	0.01	0.26	-0.3	0.2	-0.34	-0.13	0.27	-0.34	-0.1	-0.02	0.26	0.04	0.56		0.2	-0.27	0.0	0.34	-0.22	-0.03	-0.2
Total Liab	0.91	0.95	0.63	0.92	0.43	0.7	0.95	0.39	0.93	0.46	0.38	0.08	0.46	0.82	0.59	0.97	0.9	0.61	0.2		0.06	0.89	0.24	0.17	0.03	0.52
Property Plant And Equipment Gross	0.24	-0.07	0.44	0.19	0.69	0.39	-0.11	0.69	0.17	0.61	0.82	-0.79	0.61	0.1	0.43	-0.04	0.06	0.05	-0.27	0.06		0.09	-0.11	0.9	0.53	0.6
Total Current Assets	0.95	0.82	0.83	0.9	0.63	0.58	0.8	0.6	0.84	0.62	0.33	-0.05	0.62	0.97	0.6	0.8	0.99	0.39	0.0	0.89	0.09		0.21	0.22	-0.12	0.66
Short Term Debt	0.13	0.4	-0.01	0.02	-0.04	-0.03	0.4	-0.06	0.07	0.2	-0.12	0.09	0.2	0.17	0.11	0.37	0.24	0.01	0.34	0.24	-0.11	0.21		-0.1	-0.31	0.06
Intangible Assets	0.35	0.04	0.56	0.3	0.82	0.38	0.0	0.83	0.27	0.74	0.91	-0.93	0.74	0.17	0.41	0.06	0.22	0.22	-0.22	0.17	0.9	0.22	-0.1		0.69	0.59
Good Will	0.09	-0.13	0.09	0.15	0.4	0.33	-0.15	0.41	0.23	0.32	0.73	-0.64	0.32	-0.23	0.16	-0.06	-0.07	0.33	-0.03	0.03	0.53	-0.12	-0.31	0.69		0.16
Common Stock Total Equity	0.76	0.39	0.64	0.59	0.76	0.71	0.36	0.72	0.54	0.6	0.63	-0.48	0.6	0.64	0.78	0.43	0.65	0.25	-0.2	0.52	0.6	0.66	0.06	0.59	0.16

Click cells to compare fundamentals

Olympic Steel Account Relationship Matchups

Olympic Steel fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	649.6M	640.6M	1.0B	891.6M	1.0B	534.5M
Short Long Term Debt Total	219.4M	186.2M	355.8M	194.4M	228.5M	154.6M
Other Current Liab	26.0M	33.9M	69.7M	57.2M	51.6M	54.2M
Total Current Liabilities	101.1M	126.7M	224.3M	164.7M	180.2M	102.9M
Total Stockholder Equity	308.4M	301.0M	424.4M	516.0M	555.5M	583.3M
Property Plant And Equipment Net	182.6M	182.6M	174.8M	176.6M	220.5M	145.3M
Net Debt	213.6M	180.6M	346.0M	182.2M	215.2M	144.5M
Retained Earnings	179.3M	172.8M	293.0M	379.9M	418.9M	439.8M
Accounts Payable	69.5M	87.3M	148.6M	101.4M	119.7M	73.0M
Cash	5.7M	5.5M	9.8M	12.2M	13.2M	13.9M
Non Current Assets Total	229.7M	238.4M	234.2M	233.5M	403.5M	423.6M
Non Currrent Assets Other	14.4M	18.1M	15.2M	2.7M	(76.2M)	(72.3M)
Cash And Short Term Investments	5.7M	5.5M	9.8M	12.2M	13.2M	13.9M
Net Receivables	133.6M	151.6M	284.6M	219.8M	191.1M	102.6M
Common Stock Shares Outstanding	11.5M	11.4M	11.5M	11.6M	11.6M	11.7M
Liabilities And Stockholders Equity	649.6M	640.6M	1.0B	891.6M	1.0B	534.5M
Non Current Liabilities Total	240.1M	212.9M	374.8M	211.0M	270.9M	166.1M
Inventory	273.5M	240.0M	485.0M	416.9M	386.5M	236.1M
Other Current Assets	7.0M	5.1M	10.0M	9.2M	12.3M	7.8M
Other Stockholder Equity	(335K)	28.5M	28.9M	1.3M	11.7M	11.1M
Total Liab	341.2M	339.6M	599.1M	375.7M	451.2M	269.0M
Property Plant And Equipment Gross	182.6M	434.6M	147.1M	148.3M	539.6M	566.5M
Total Current Assets	419.8M	402.2M	789.4M	658.1M	603.2M	352.0M
Accumulated Other Comprehensive Income	(2.3M)	(4.2M)	(2.0M)	1.3M	41K	43.1K
Short Term Debt	5.6M	5.6M	5.9M	6.1M	8.9M	8.5M
Intangible Assets	29.3M	32.6M	33.7M	32.0M	92.6M	97.3M
Good Will	2.4M	3.4M	5.1M	10.5M	52.1M	54.7M
Common Stock Total Equity	131.6M	132.4M	133.4M	134.7M	154.9M	129.8M
Common Stock	131.6M	132.4M	133.4M	134.7M	136.5M	130.5M
Other Liab	23.3M	24.2M	24.9M	21.6M	24.9M	17.8M
Long Term Debt	192.9M	160.6M	327.8M	165.7M	190.2M	167.4M
Property Plant Equipment	156.2M	157.2M	147.1M	148.3M	170.6M	148.1M
Other Assets	14.4M	18.1M	15.2M	12.7M	16.9M	9.9M
Net Tangible Assets	275.7M	301.0M	424.4M	516.0M	593.4M	317.7M
Retained Earnings Total Equity	179.3M	172.8M	293.0M	379.9M	436.9M	458.8M
Long Term Debt Total	193.4M	160.6M	327.8M	165.7M	190.5M	236.6M

Pair Trading with Olympic Steel

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Olympic Steel position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Olympic Steel will appreciate offsetting losses from the drop in the long position's value.

Moving against Olympic Stock

0.47	TX	Ternium SA ADR	Pair Corr
0.46	AA	Alcoa Corp Financial Report 17th of July 2024	Pair Corr
0.44	GURE	Gulf Resources	Pair Corr
0.43	ZKIN	ZK International	Pair Corr
0.43	SAND	Sandstorm Gold	Pair Corr

The ability to find closely correlated positions to Olympic Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Olympic Steel when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Olympic Steel - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Olympic Steel to buy it.

The correlation of Olympic Steel is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Olympic Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Olympic Steel moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Olympic Steel can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

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:

How To Invest In Olympic

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Is Olympic Stock a good investment?

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What is Olympic Steel's Net Worth?

Details

Largest Metals & Mining Companies

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Largest Materials Companies

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Olympic Steel. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy Olympic Stock please use our How to Invest in Olympic Steel guide.

You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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

0.525

Earnings Share

3.75

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Olympic Total Stockholder Equity vs Net Invested Capital Analysis

Total Stockholder Equity vs Net Invested Capital

Total Stockholder Equity vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Net Invested Capital

Olympic Steel fundamental ratios Correlations

Olympic Steel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Olympic Steel fundamental ratios Accounts

Pair Trading with Olympic Steel

Moving against Olympic Stock

Complementary Tools for Olympic Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Retained Earnings	+ 0.99	Total Stockholder Equity
Non Current Liabilities Total	+ 0.99	Net Debt
Total Current Assets	+ 0.99	Inventory

Intangible Assets	- 0.93	Non Currrent Assets Other
Property Plant And Equipment Gross	- 0.79	Non Currrent Assets Other
Non Currrent Assets Other	- 0.73	Retained Earnings
Non Currrent Assets Other	- 0.7	Non Current Assets Total
Non Currrent Assets Other	- 0.69	Total Stockholder Equity
Good Will	- 0.64	Non Currrent Assets Other