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Steelcase ROE %

: -5.28% (As of May. 2022)
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ROE % is calculated as Net Income attributable to Common Stockholders (Net Income minus dividends to participating security holders) divided by its average Total Stockholders Equity over a certain period of time. Steelcase's annualized net income attributable to common stockholders for the quarter that ended in May. 2022 was $-44 Mil. Steelcase's average Total Stockholders Equity over the quarter that ended in May. 2022 was $833 Mil. Therefore, Steelcase's annualized ROE % for the quarter that ended in May. 2022 was -5.28%.

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

SCS' s ROE % Range Over the Past 10 Years
Min: 0.43   Med: 12.72   Max: 23.83
Current: 2.33

During the past 13 years, Steelcase's highest ROE % was 23.83%. The lowest was 0.43%. And the median was 12.72%.

SCS's ROE % is ranked worse than
73.44% of 2677 companies
in the Industrial Products industry
Industry Median: 7.62 vs SCS: 2.33

Steelcase ROE % Historical Data

The historical data trend for Steelcase's ROE % 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
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.03 14.85 21.51 2.64 0.43

Steelcase Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
ROE % 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 -11.64 10.53 4.23 -0.98 -5.28

Competitive Comparison

For the Business Equipment & Supplies subindustry, Steelcase's ROE %, along with its competitors' market caps and ROE % 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 ROE % Distribution

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

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



Steelcase ROE % Calculation

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

ROE %=Net Income attributable to Common Stockholders (A: Feb. 2022 )/( (Total Stockholders Equity (A: Feb. 2021 )+Total Stockholders Equity (A: Feb. 2022 ))/ count )
=3.9/( (960.5+852.2)/ 2 )
=3.9/906.35
=0.43 %

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

ROE %=Net Income attributable to Common Stockholders (Q: May. 2022 )/( (Total Stockholders Equity (Q: Feb. 2022 )+Total Stockholders Equity (Q: May. 2022 ))/ count )
=-44/( (852.2+814.1)/ 2 )
=-44/833.15
=-5.28 %

* 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 ROE %, the net income attributable to common stockholders of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income attributable to common stockholders data used here is four times the quarterly (May. 2022) net income attributable to common stockholders data. ROE % is displayed in the 30-year financial page.


Steelcase  (NYSE:SCS) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %**(Q: May. 2022 )
=Net Income/Total Stockholders Equity
=-45.6/833.15
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-45.6 / 2962.8)*(2962.8 / 2223.9)*(2223.9 / 833.15)
=Net Margin %*Asset Turnover*Equity Multiplier
=-1.54 %*1.3323*2.6693
=ROA %*Equity Multiplier
=-2.05 %*2.6693
=-5.47 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %**(Q: May. 2022 )
=Net Income/Total Stockholders Equity
=-45.6/833.15
=(Net Income /Pre-Tax Income) * (Pre-Tax Income/Operating Income) * (Operating Income/Revenue) * (Revenue/Total Assets) * (Total Assets/Total Stockholders Equity)
= (-45.6 / -63.2) * (-63.2 / -37.2) * (-37.2 / 2962.8) * (2962.8 / 2223.9) * (2223.9 / 833.15)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7215 * 1.6989 * -1.26 % * 1.3323 * 2.6693
=-5.47 %

Note: The net income attributable to common stockholders data used here is four times the quarterly (May. 2022) net income attributable to common stockholders data. The Revenue data used here is four times the quarterly (May. 2022) revenue data. The same rule applies to Pre-Tax Income and Operating Income.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.


Be Aware

Net income attributable to common stockholders is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Steelcase ROE % Related Terms

Thank you for viewing the detailed overview of Steelcase's ROE % 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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