Is Steelcase Inc.'s (NYSE:SCS) Stock On A Downtrend As A Result Of Its Poor Financials? [Yahoo! Finance]
Steelcase Inc. (SCS)
Last steelcase inc. earnings: 3/24 04:29 pm
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US:NYSE Investor Relations:
steelcase.com/investor-relations
Company Research
Source: Yahoo! Finance
Specifically, we decided to study Steelcase's ROE in this article. Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Put another way, it reveals the company's success at turning shareholder investments into profits. Check out our latest analysis for Steelcase How Is ROE Calculated? ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Steelcase is: 9.1% = US$81m ÷ US$887m (Based on the trailing twelve months to February 2024). The 'return' is the amount earned after tax over the last twelve months. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.09. What Has ROE Got To Do With Earnings Growth? So far, we've learned that ROE is a measure of a company's profitability. We now need to evaluate how much profit the company reinvests or "r
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SCS
Earnings
- 3/20/24 - Beat
SCS
Sec Filings
- 4/24/24 - Form 4
- 4/16/24 - Form 4
- 4/12/24 - Form 4
- SCS's page on the SEC website