Here's What To Make Of Olympic Steel's (NASDAQ:ZEUS) Decelerating Rates Of Return [Yahoo! Finance]
Olympic Steel, Inc. (ZEUS)
Last olympic steel, inc. earnings: 5/1 06:30 am
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Source: Yahoo! Finance
One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. With that in mind, the ROCE of Olympic Steel NASDAQ:ZEUS ) looks decent, right now, so lets see what the trend of returns can tell us. Understanding Return On Capital Employed (ROCE) For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. To calculate this metric for Olympic Steel, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.10 = US$83m ÷ (US$985m - US$180m) (Based on the trailing twelve months to December 2023) So, Olympic Steel has an ROCE of 10%. By itself that's a normal return on
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News
- Do Fundamentals Have Any Role To Play In Driving Olympic Steel, Inc.'s (NASDAQ:ZEUS) Stock Up Recently? [Yahoo! Finance]Yahoo! Finance
- Webcast Alert: Olympic Steel to Announce First-Quarter 2024 Financial Results After Market Closes on May 2, 2024Business Wire
- Olympic Steel, Inc. (NASDAQ: ZEUS) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Olympic Steel, Inc. (NASDAQ:ZEUS) Looks Like A Good Stock, And It's Going Ex-Dividend Soon [Yahoo! Finance]Yahoo! Finance
- Olympic Steel, Inc. (NASDAQ:ZEUS) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
ZEUS
Earnings
- 2/22/24 - Beat
ZEUS
Sec Filings
- 4/1/24 - Form ARS
- 3/29/24 - Form DEF
- 3/14/24 - Form 4
- ZEUS's page on the SEC website