Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Steel Dynamics Inc., profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Steel Dynamics Inc. gross profit margin ratio improved from Q1 2022 to Q2 2022 but then deteriorated significantly from Q2 2022 to Q3 2022. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Steel Dynamics Inc. operating profit margin ratio improved from Q1 2022 to Q2 2022 but then deteriorated significantly from Q2 2022 to Q3 2022. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Steel Dynamics Inc. net profit margin ratio improved from Q1 2022 to Q2 2022 but then deteriorated significantly from Q2 2022 to Q3 2022. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Steel Dynamics Inc. ROE improved from Q1 2022 to Q2 2022 but then deteriorated significantly from Q2 2022 to Q3 2022. |
| ROA | A profitability ratio calculated as net income divided by total assets. | Steel Dynamics Inc. ROA improved from Q1 2022 to Q2 2022 but then slightly deteriorated from Q2 2022 to Q3 2022 not reaching Q1 2022 level. |
Gross Profit Margin
Steel Dynamics Inc., gross profit margin calculation (quarterly data)
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Gross profit | 1,464,429) | 1,883,342) | 1,782,513) | 1,761,837) | 1,600,629) | 1,199,692) | 800,266) | 442,253) | 292,815) | 284,431) | 415,229) | 316,409) | 359,839) | 421,166) | 433,570) | 521,235) | 686,081) | 652,082) | 463,416) | 320,824) | 396,518) | 392,518) | 472,154) | |||||||
| Net sales | 5,651,707) | 6,212,878) | 5,569,902) | 5,310,657) | 5,088,288) | 4,465,308) | 3,544,597) | 2,601,245) | 2,330,832) | 2,094,305) | 2,575,100) | 2,350,196) | 2,526,845) | 2,770,515) | 2,817,435) | 2,903,892) | 3,223,547) | 3,090,525) | 2,603,875) | 2,336,479) | 2,443,382) | 2,390,720) | 2,368,216) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||
| Gross profit margin1 | 30.30% | 31.69% | 31.05% | 29.13% | 25.75% | 21.13% | 17.21% | 14.94% | 14.00% | 14.41% | 14.80% | 14.63% | 15.75% | 17.60% | 19.05% | 19.65% | 18.86% | 17.50% | 16.10% | 16.59% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | ||||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 36.22% | 40.49% | 41.20% | 38.59% | 36.85% | 33.01% | 27.67% | 17.91% | 11.94% | 5.94% | 3.86% | 9.01% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Newmont Corp. | 15.16% | 17.37% | 20.79% | 21.42% | 34.34% | 37.03% | 35.60% | 33.20% | 31.00% | 27.07% | 23.46% | 23.67% | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
Gross profit margin = 100
× (Gross profitQ3 2022
+ Gross profitQ2 2022
+ Gross profitQ1 2022
+ Gross profitQ4 2021)
÷ (Net salesQ3 2022
+ Net salesQ2 2022
+ Net salesQ1 2022
+ Net salesQ4 2021)
= 100 × (1,464,429 + 1,883,342 + 1,782,513 + 1,761,837)
÷ (5,651,707 + 6,212,878 + 5,569,902 + 5,310,657)
= 30.30%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Steel Dynamics Inc. gross profit margin ratio improved from Q1 2022 to Q2 2022 but then deteriorated significantly from Q2 2022 to Q3 2022. |
Operating Profit Margin
Steel Dynamics Inc., operating profit margin calculation (quarterly data)
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Operating income | 1,219,844) | 1,618,063) | 1,494,867) | 1,429,126) | 1,322,045) | 955,735) | 594,199) | 258,750) | 155,856) | 158,850) | 273,686) | 181,961) | 228,045) | 285,032) | 291,842) | 365,553) | 531,572) | 501,887) | 323,397) | 195,947) | 271,015) | 265,353) | 334,566) | |||||||
| Net sales | 5,651,707) | 6,212,878) | 5,569,902) | 5,310,657) | 5,088,288) | 4,465,308) | 3,544,597) | 2,601,245) | 2,330,832) | 2,094,305) | 2,575,100) | 2,350,196) | 2,526,845) | 2,770,515) | 2,817,435) | 2,903,892) | 3,223,547) | 3,090,525) | 2,603,875) | 2,336,479) | 2,443,382) | 2,390,720) | 2,368,216) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||
| Operating profit margin1 | 25.33% | 26.44% | 25.46% | 23.36% | 19.94% | 15.18% | 11.05% | 8.82% | 8.24% | 8.83% | 9.48% | 9.43% | 10.62% | 12.58% | 14.05% | 14.57% | 13.80% | 12.34% | 10.80% | 11.18% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 33.69% | 38.37% | 39.20% | 36.62% | 36.69% | 32.66% | 27.34% | 17.16% | 11.04% | 4.53% | 2.22% | 7.58% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Newmont Corp. | 8.33% | 6.30% | 9.70% | 10.28% | 22.95% | 29.91% | 27.19% | 24.41% | 21.70% | 17.55% | 13.75% | 13.11% | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
Operating profit margin = 100
× (Operating incomeQ3 2022
+ Operating incomeQ2 2022
+ Operating incomeQ1 2022
+ Operating incomeQ4 2021)
÷ (Net salesQ3 2022
+ Net salesQ2 2022
+ Net salesQ1 2022
+ Net salesQ4 2021)
= 100 × (1,219,844 + 1,618,063 + 1,494,867 + 1,429,126)
÷ (5,651,707 + 6,212,878 + 5,569,902 + 5,310,657)
= 25.33%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Steel Dynamics Inc. operating profit margin ratio improved from Q1 2022 to Q2 2022 but then deteriorated significantly from Q2 2022 to Q3 2022. |
Net Profit Margin
Steel Dynamics Inc., net profit margin calculation (quarterly data)
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Net income attributable to Steel Dynamics, Inc. | 914,325) | 1,209,554) | 1,103,931) | 1,090,505) | 990,763) | 702,291) | 430,507) | 187,843) | 100,143) | 75,496) | 187,340) | 121,425) | 151,048) | 194,302) | 204,328) | 270,004) | 398,375) | 362,449) | 227,551) | 304,733) | 153,258) | 153,933) | 200,817) | |||||||
| Net sales | 5,651,707) | 6,212,878) | 5,569,902) | 5,310,657) | 5,088,288) | 4,465,308) | 3,544,597) | 2,601,245) | 2,330,832) | 2,094,305) | 2,575,100) | 2,350,196) | 2,526,845) | 2,770,515) | 2,817,435) | 2,903,892) | 3,223,547) | 3,090,525) | 2,603,875) | 2,336,479) | 2,443,382) | 2,390,720) | 2,368,216) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||
| Net profit margin1 | 18.99% | 19.81% | 19.02% | 17.46% | 14.72% | 10.98% | 7.51% | 5.74% | 5.18% | 5.61% | 6.40% | 6.41% | 7.44% | 9.11% | 10.26% | 10.64% | 11.49% | 10.01% | 8.59% | 8.52% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 16.72% | 20.08% | 20.79% | 18.85% | 18.45% | 14.98% | 11.13% | 4.22% | -0.73% | -4.92% | -5.68% | -1.66% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Newmont Corp. | 8.28% | 6.40% | 8.53% | 9.54% | 16.67% | 23.00% | 21.77% | 24.61% | 23.19% | 36.79% | 33.66% | 28.80% | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
Net profit margin = 100
× (Net income attributable to Steel Dynamics, Inc.Q3 2022
+ Net income attributable to Steel Dynamics, Inc.Q2 2022
+ Net income attributable to Steel Dynamics, Inc.Q1 2022
+ Net income attributable to Steel Dynamics, Inc.Q4 2021)
÷ (Net salesQ3 2022
+ Net salesQ2 2022
+ Net salesQ1 2022
+ Net salesQ4 2021)
= 100 × (914,325 + 1,209,554 + 1,103,931 + 1,090,505)
÷ (5,651,707 + 6,212,878 + 5,569,902 + 5,310,657)
= 18.99%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Steel Dynamics Inc. net profit margin ratio improved from Q1 2022 to Q2 2022 but then deteriorated significantly from Q2 2022 to Q3 2022. |
Return on Equity (ROE)
Steel Dynamics Inc., ROE calculation (quarterly data)
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Net income attributable to Steel Dynamics, Inc. | 914,325) | 1,209,554) | 1,103,931) | 1,090,505) | 990,763) | 702,291) | 430,507) | 187,843) | 100,143) | 75,496) | 187,340) | 121,425) | 151,048) | 194,302) | 204,328) | 270,004) | 398,375) | 362,449) | 227,551) | 304,733) | 153,258) | 153,933) | 200,817) | |||||||
| Total Steel Dynamics, Inc. equity | 7,971,156) | 7,588,348) | 6,964,354) | 6,304,641) | 5,607,926) | 5,020,114) | 4,728,792) | 4,345,164) | 4,201,183) | 4,145,250) | 4,113,526) | 4,075,834) | 4,056,641) | 4,064,490) | 4,008,111) | 3,935,071) | 4,033,768) | 3,746,981) | 3,470,719) | 3,351,574) | 3,104,725) | 3,080,939) | 3,035,179) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||
| ROE1 | 54.17% | 57.91% | 55.82% | 50.98% | 41.22% | 28.30% | 16.79% | 12.68% | 11.53% | 12.91% | 15.90% | 16.47% | 20.21% | 26.25% | 30.82% | 31.98% | 32.06% | 27.97% | 24.19% | 24.25% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 25.93% | 32.72% | 34.41% | 30.80% | 29.27% | 23.63% | 16.56% | 5.89% | -1.08% | -7.10% | -8.59% | -2.57% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Newmont Corp. | 4.72% | 3.70% | 4.92% | 5.29% | 8.96% | 12.36% | 11.10% | 12.30% | 11.34% | 17.76% | 16.23% | 13.10% | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
ROE = 100
× (Net income attributable to Steel Dynamics, Inc.Q3 2022
+ Net income attributable to Steel Dynamics, Inc.Q2 2022
+ Net income attributable to Steel Dynamics, Inc.Q1 2022
+ Net income attributable to Steel Dynamics, Inc.Q4 2021)
÷ Total Steel Dynamics, Inc. equity
= 100 × (914,325 + 1,209,554 + 1,103,931 + 1,090,505)
÷ 7,971,156 = 54.17%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Steel Dynamics Inc. ROE improved from Q1 2022 to Q2 2022 but then deteriorated significantly from Q2 2022 to Q3 2022. |
Return on Assets (ROA)
Steel Dynamics Inc., ROA calculation (quarterly data)
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Net income attributable to Steel Dynamics, Inc. | 914,325) | 1,209,554) | 1,103,931) | 1,090,505) | 990,763) | 702,291) | 430,507) | 187,843) | 100,143) | 75,496) | 187,340) | 121,425) | 151,048) | 194,302) | 204,328) | 270,004) | 398,375) | 362,449) | 227,551) | 304,733) | 153,258) | 153,933) | 200,817) | |||||||
| Total assets | 14,047,698) | 13,711,214) | 13,056,637) | 12,531,234) | 11,535,985) | 10,687,331) | 10,127,896) | 9,265,562) | 8,617,556) | 8,468,341) | 8,344,923) | 8,275,765) | 7,943,247) | 7,857,914) | 7,857,233) | 7,703,563) | 7,798,368) | 7,504,521) | 6,972,813) | 6,855,732) | 6,960,737) | 6,670,130) | 6,704,035) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||
| ROA1 | 30.74% | 32.05% | 29.77% | 25.65% | 20.04% | 13.29% | 7.84% | 5.94% | 5.62% | 6.32% | 7.84% | 8.11% | 10.32% | 13.58% | 15.72% | 16.34% | 16.58% | 13.96% | 12.04% | 11.85% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 7.77% | 9.72% | 10.47% | 8.97% | 8.33% | 6.25% | 4.14% | 1.42% | -0.24% | -1.58% | -1.89% | -0.59% | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Newmont Corp. | 2.56% | 2.00% | 2.64% | 2.87% | 5.11% | 7.06% | 6.25% | 6.84% | 6.34% | 9.80% | 8.92% | 7.02% | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q3 2022 Calculation
ROA = 100
× (Net income attributable to Steel Dynamics, Inc.Q3 2022
+ Net income attributable to Steel Dynamics, Inc.Q2 2022
+ Net income attributable to Steel Dynamics, Inc.Q1 2022
+ Net income attributable to Steel Dynamics, Inc.Q4 2021)
÷ Total assets
= 100 × (914,325 + 1,209,554 + 1,103,931 + 1,090,505)
÷ 14,047,698 = 30.74%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | Steel Dynamics Inc. ROA improved from Q1 2022 to Q2 2022 but then slightly deteriorated from Q2 2022 to Q3 2022 not reaching Q1 2022 level. |