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Steelcase ROA %

: -2.05% (As of May. 2022)
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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Steelcase's annualized Net Income for the quarter that ended in May. 2022 was $-46 Mil. Steelcase's average Total Assets over the quarter that ended in May. 2022 was $2,224 Mil. Therefore, Steelcase's annualized ROA % for the quarter that ended in May. 2022 was -2.05%.

The historical rank and industry rank for Steelcase's ROA % or its related term are showing as below:

SCS' s ROA % Range Over the Past 10 Years
Min: 0.17   Med: 5.07   Max: 9.65
Current: 0.91

During the past 13 years, Steelcase's highest ROA % was 9.65%. The lowest was 0.17%. And the median was 5.07%.

SCS's ROA % is ranked worse than
72.93% of 2767 companies
in the Industrial Products industry
Industry Median: 4.08 vs SCS: 0.91

Steelcase ROA % Historical Data

The historical data trend for Steelcase's ROA % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Steelcase Annual Data
Trend Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22
ROA %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.42 6.30 8.48 1.06 0.17

Steelcase Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
ROA % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.84 4.29 1.66 -0.38 -2.05

Competitive Comparison

For the Business Equipment & Supplies subindustry, Steelcase's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Steelcase ROA % Distribution

For the Industrial Products industry and Industrials sector, Steelcase's ROA % distribution charts can be found below:

* The bar in red indicates where Steelcase's ROA % falls into.



Steelcase ROA % Calculation

Steelcase's annualized ROA % for the fiscal year that ended in Feb. 2022 is calculated as:

ROA %=Net Income (A: Feb. 2022 )/( (Total Assets (A: Feb. 2021 )+Total Assets (A: Feb. 2022 ))/ count )
=4/( (2354+2261)/ 2 )
=4/2307.5
=0.17 %

Steelcase's annualized ROA % for the quarter that ended in May. 2022 is calculated as:

ROA %=Net Income (Q: May. 2022 )/( (Total Assets (Q: Feb. 2022 )+Total Assets (Q: May. 2022 ))/ count )
=-45.6/( (2261+2186.8)/ 2 )
=-45.6/2223.9
=-2.05 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (May. 2022) net income data. ROA % is displayed in the 30-year financial page.


Steelcase  (NYSE:SCS) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: May. 2022 )
=Net Income/Total Assets
=-45.6/2223.9
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-45.6 / 2962.8)*(2962.8 / 2223.9)
=Net Margin %*Asset Turnover
=-1.54 %*1.3323
=-2.05 %

Note: The Net Income data used here is four times the quarterly (May. 2022) net income data. The Revenue data used here is four times the quarterly (May. 2022) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


Steelcase ROA % Related Terms

Thank you for viewing the detailed overview of Steelcase's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.


Steelcase Business Description

Steelcase logo
Traded in Other Exchanges
Address
901 44th Street SE, Grand Rapids, MI, USA, 49508
Steelcase Inc is a furniture company primarily based in the United States and has operations in Europe, the Middle East, and Africa. Steelcase markets its products primarily through a network of independent and company-owned dealers. The company operates through the Americas segment, the EMEA segment and the Other category. The Americas segment offers architecture, furniture and technology products is marketed to corporate, government, healthcare, education and retail customers, EMEA segment provides furniture systems, storage and seating solutions.
Executives
Miller Steven Douglas officer: VP, Chief Technology Officer 901 44TH STREET SE GRAND RAPIDS MI 49508
Zondervan Robin L officer: Corporate Controller and CAO 901 44TH STREET SE GRAND RAPIDS MI 49508
Williams Linda K director 901 44TH STREET SE GRAND RAPIDS MI 49508
Flynn Donna K officer: VP, Global Talent Management 901 44TH STREET SE GRAND RAPIDS MI 49508
Schmelter Triona director 2021 SPRING ROAD SUITE 600 OAK BROOK IL 60523
Niemann Jennifer C director 901 44TH STREET SE GRAND RAPIDS MI 49508
Kelsey Todd P. director 55 JEWELERS PARK DRIVE NEENAH WI 54956
Brown Timothy C. E. director 901 44TH STREET SE GRAND RAPIDS MI 49508
Krestakos Robert G officer: VP, Global Operations 901 44TH STREET SE GRAND RAPIDS MI 49508
Lenhardt Terrence J officer: VP, Chief Information Officer 901 44TH STREET SE GRAND RAPIDS MI 49508
Moutrey Gale officer: VP, Communications 901 44TH STREET SE GRAND RAPIDS MI 49508
Khorramian Hamid officer: Senior VP, Global Operations 901 - 44TH STREET, SE GRAND RAPIDS MI 49508
Schmitt Eddy F officer: Senior VP, Americas 901 44TH STREET SE GRAND RAPIDS MI 49508
Alvarez Guillaume M officer: Senior VP, EMEA 901 44TH STREET SE GRAND RAPIDS MI 49508
Ludwig James N officer: VP, Global Design & Prod Eng 901 44TH STREET SE GRAND RAPIDS MI 49508

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