Steel Days Of Inventory Outstanding from 2010 to 2024

STLD Stock  USD 135.47  4.68  3.58%   
Steel Dynamics' Days Of Inventory Outstanding is decreasing over the years with slightly volatile fluctuation. Days Of Inventory Outstanding is expected to dwindle to 66.64. During the period from 2010 to 2024 Steel Dynamics Days Of Inventory Outstanding annual values regression line had geometric mean of  89.80 and mean square error of  255,340. View All Fundamentals
 
Days Of Inventory Outstanding  
First Reported
2010-12-31
Previous Quarter
70.14880934
Current Value
66.64
Quarterly Volatility
538.73014913
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Steel Dynamics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Steel main balance sheet or income statement drivers, such as Depreciation And Amortization of 459.7 M, Interest Expense of 84.4 M or Total Revenue of 19.7 B, as well as many exotic indicators such as Price To Sales Ratio of 0.99, Dividend Yield of 0.0154 or PTB Ratio of 2.42. Steel financial statements analysis is a perfect complement when working with Steel Dynamics Valuation or Volatility modules.
  
This module can also supplement Steel Dynamics' financial leverage analysis and stock options assessment as well as various Steel Dynamics Technical models . Check out the analysis of Steel Dynamics Correlation against competitors.
For information on how to trade Steel Stock refer to our How to Trade Steel Stock guide.

Latest Steel Dynamics' Days Of Inventory Outstanding Growth Pattern

Below is the plot of the Days Of Inventory Outstanding of Steel Dynamics over the last few years. It is Steel Dynamics' Days Of Inventory Outstanding historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Steel Dynamics' overall financial position and show how it may be relating to other accounts over time.
Days Of Inventory Outstanding10 Years Trend
Slightly volatile
   Days Of Inventory Outstanding   
       Timeline  

Steel Days Of Inventory Outstanding Regression Statistics

Arithmetic Mean211.14
Geometric Mean89.80
Coefficient Of Variation255.15
Mean Deviation259.62
Median70.77
Standard Deviation538.73
Sample Variance290,230
Range2.1K
R-Value(0.43)
Mean Square Error255,340
R-Squared0.18
Significance0.11
Slope(51.54)
Total Sum of Squares4.1M

Steel Days Of Inventory Outstanding History

2024 66.64
2023 70.15
2022 70.77
2021 98.79
2020 82.39
2019 68.85
2018 71.44

About Steel Dynamics Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Steel Dynamics income statement, its balance sheet, and the statement of cash flows. Steel Dynamics investors use historical funamental indicators, such as Steel Dynamics's Days Of Inventory Outstanding, to determine how well the company is positioned to perform in the future. Although Steel Dynamics investors may use each financial statement separately, they are all related. The changes in Steel Dynamics's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Steel Dynamics's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Steel Dynamics Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Steel Dynamics. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Days Of Inventory Outstanding 70.15  66.64 

Steel Dynamics Investors Sentiment

The influence of Steel Dynamics' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Steel. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Steel Dynamics' public news can be used to forecast risks associated with an investment in Steel. The trend in average sentiment can be used to explain how an investor holding Steel can time the market purely based on public headlines and social activities around Steel Dynamics. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Steel Dynamics' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Steel Dynamics' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Steel Dynamics' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Steel Dynamics.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Steel Dynamics in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Steel Dynamics' short interest history, or implied volatility extrapolated from Steel Dynamics options trading.

Currently Active Assets on Macroaxis

When determining whether Steel Dynamics is a strong investment it is important to analyze Steel Dynamics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Steel Dynamics' future performance. For an informed investment choice regarding Steel Stock, refer to the following important reports:
Check out the analysis of Steel Dynamics Correlation against competitors.
For information on how to trade Steel Stock refer to our How to Trade Steel Stock guide.
You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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When running Steel Dynamics' price analysis, check to measure Steel Dynamics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Steel Dynamics is operating at the current time. Most of Steel Dynamics' value examination focuses on studying past and present price action to predict the probability of Steel Dynamics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steel Dynamics' price. Additionally, you may evaluate how the addition of Steel Dynamics to your portfolios can decrease your overall portfolio volatility.
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Is Steel Dynamics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Steel Dynamics. If investors know Steel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Steel Dynamics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.01)
Dividend Share
1.735
Earnings Share
14.61
Revenue Per Share
113.864
Quarterly Revenue Growth
(0.04)
The market value of Steel Dynamics is measured differently than its book value, which is the value of Steel that is recorded on the company's balance sheet. Investors also form their own opinion of Steel Dynamics' value that differs from its market value or its book value, called intrinsic value, which is Steel Dynamics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Steel Dynamics' market value can be influenced by many factors that don't directly affect Steel Dynamics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Steel Dynamics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Steel Dynamics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steel Dynamics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.