Shyft Return On Equity from 2010 to 2024
| SHYF Stock | USD 14.26 0.03 0.21% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter 0.02576081 | Current Value 0.0245 | Quarterly Volatility 0.09829298 |
Check Shyft financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Shyft's main balance sheet or income statement drivers, such as Depreciation And Amortization of 17.8 M, Interest Expense of 6.2 M or Total Revenue of 915.8 M, as well as many indicators such as Price To Sales Ratio of 0.72, Dividend Yield of 0.0107 or PTB Ratio of 2.74. Shyft financial statements analysis is a perfect complement when working with Shyft Valuation or Volatility modules.
Shyft | Return On Equity |
Latest Shyft's Return On Equity Growth Pattern
Below is the plot of the Return On Equity of Shyft Group over the last few years. Return on Equity is the amount of Shyft Group net income returned as a percentage of Shyft equity. Return on equity measures Shyft profitability by revealing how much profit Shyft Group generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. Shyft's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Shyft's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported -0.0149 | 10 Years Trend |
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Return On Equity |
| Timeline |
Shyft Return On Equity Regression Statistics
| Arithmetic Mean | 0.07 | |
| Coefficient Of Variation | 146.68 | |
| Mean Deviation | 0.08 | |
| Median | 0.06 | |
| Standard Deviation | 0.1 | |
| Sample Variance | 0.01 | |
| Range | 0.3722 | |
| R-Value | 0.43 | |
| Mean Square Error | 0.01 | |
| R-Squared | 0.19 | |
| Significance | 0.11 | |
| Slope | 0.01 | |
| Total Sum of Squares | 0.14 |
Shyft Return On Equity History
About Shyft Financial Statements
Shyft stakeholders use historical fundamental indicators, such as Shyft's Return On Equity, to determine how well the company is positioned to perform in the future. Although Shyft investors may analyze each financial statement separately, they are all interrelated. For example, changes in Shyft's assets and liabilities are reflected in the revenues and expenses on Shyft's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Shyft Group. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.03 | 0.02 |
Currently Active Assets on Macroaxis
When determining whether Shyft Group is a strong investment it is important to analyze Shyft's 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 Shyft's future performance. For an informed investment choice regarding Shyft Stock, refer to the following important reports:Check out the analysis of Shyft Correlation against competitors. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Is Industrial Machinery & Supplies & Components space 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 Shyft. If investors know Shyft 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 Shyft 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 (0.31) | Dividend Share 0.2 | Earnings Share (0.10) | Revenue Per Share 22.898 | Quarterly Revenue Growth (0.04) |
The market value of Shyft Group is measured differently than its book value, which is the value of Shyft that is recorded on the company's balance sheet. Investors also form their own opinion of Shyft's value that differs from its market value or its book value, called intrinsic value, which is Shyft's 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 Shyft's market value can be influenced by many factors that don't directly affect Shyft's 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 Shyft's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shyft is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shyft's 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.