Olympic Steel (NASDAQ:ZEUS) Is Experiencing Growth In Returns On Capital [Yahoo! Finance]
Olympic Steel, Inc. (ZEUS)
Last olympic steel, inc. earnings: 5/1 06:30 am
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Source: Yahoo! Finance
return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Speaking of which, we noticed some great changes in Olympic Steel's NASDAQ:ZEUS ) returns on capital, so let's have a look. What Is Return On Capital Employed (ROCE)? For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the 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) 0.082 = US$69m ÷ (US$1.0b - US$165m) (Based on the trailing twelve months to June 2024) So, Olympic Steel has an ROCE of 8.2%. On its own, that's a low figure but it's around the 9.4% average generated by the Metals and Mining industry. Above you can see how the curre
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ZEUS
News
- Olympic Steel Acquires Metal WorksBusiness Wire
- Olympic Steel Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Olympic Steel Reports Third-Quarter 2024 ResultsBusiness Wire
- Olympic Steel, Inc. (NASDAQ: ZEUS) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Olympic Steel: M&A Efforts, Cash Flow, And Capex Could Imply Significant Undervaluation [Seeking Alpha]Seeking Alpha
ZEUS
Earnings
- 5/2/24 - Beat
ZEUS
Sec Filings
- 11/1/24 - Form 10-Q
- 10/31/24 - Form 8-K
- 10/18/24 - Form SC
- ZEUS's page on the SEC website