Are Strong Financial Prospects The Force That Is Driving The Momentum In Steel Dynamics, Inc.'s NASDAQ:STLD) Stock? [Yahoo! Finance]
Steel Dynamics, Inc. (STLD)
Last steel dynamics, inc. earnings: 4/20 06:00 pm
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US:NASDAQ Investor Relations:
ir.steeldynamics.com/presentations
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Source: Yahoo! Finance
Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. In this article, we decided to focus on Steel Dynamics' ROE. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. See our latest analysis for Steel Dynamics How Do You Calculate Return On Equity? 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 Steel Dynamics is: 28% = US$2.5b ÷ US$8.8b (Based on the trailing twelve months to December 2023). The 'return' is the income the business earned over the last year. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.28
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News
- Steel Dynamics, Inc. (NASDAQ:STLD) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Steel Dynamics, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- Steel Dynamics (STLD) Q1 Earnings Top on Higher Selling Prices [Yahoo! Finance]Yahoo! Finance
- Reminder: Steel Dynamics Announces First Quarter 2024 Earnings Conference Call and WebcastPR Newswire
- Compared to Estimates, Steel Dynamics (STLD) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
STLD
Earnings
- 4/23/24 - Beat
STLD
Sec Filings
- 4/24/24 - Form 8-K
- 4/15/24 - Form 4
- 4/15/24 - Form 4
- STLD's page on the SEC website