Stock Analysis on Net

Steel Dynamics Inc. (NASDAQ:STLD)

This company has been moved to the archive! The financial data has not been updated since October 26, 2022.

Analysis of Long-term (Investment) Activity Ratios 
Quarterly Data

Microsoft Excel

Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.


Long-term Activity Ratios (Summary)

Steel Dynamics Inc., long-term (investment) activity ratios (quarterly data)

Microsoft Excel
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
Net fixed asset turnover 4.42 4.54 4.23 3.87 3.37 2.86 2.44 2.34 2.42 2.66 3.07 3.34 3.63 3.98 4.10 4.01 3.88 3.60 3.68 3.56
Total asset turnover 1.62 1.62 1.57 1.47 1.36 1.21 1.04 1.04 1.09 1.13 1.23 1.26 1.39 1.49 1.53 1.53 1.44 1.40 1.40 1.39
Equity turnover 2.85 2.92 2.93 2.92 2.80 2.58 2.24 2.21 2.23 2.30 2.49 2.57 2.72 2.88 3.00 3.00 2.79 2.80 2.82 2.85

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).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Steel Dynamics Inc. net fixed asset turnover ratio improved from Q1 2022 to Q2 2022 but then slightly deteriorated from Q2 2022 to Q3 2022.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Steel Dynamics Inc. total asset turnover ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Steel Dynamics Inc. equity turnover ratio deteriorated from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Net Fixed Asset Turnover

Steel Dynamics Inc., net fixed asset turnover calculation (quarterly data)

Microsoft Excel
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 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
Property, plant and equipment, net 5,146,606 4,886,555 4,827,962 4,751,430 4,654,192 4,526,892 4,340,411 4,105,569 3,862,375 3,587,450 3,327,605 3,135,886 3,031,731 2,947,243 2,936,893 2,945,767 2,901,658 2,909,033 2,657,937 2,675,904 2,708,777 2,729,721 2,760,544
Long-term Activity Ratio
Net fixed asset turnover1 4.42 4.54 4.23 3.87 3.37 2.86 2.44 2.34 2.42 2.66 3.07 3.34 3.63 3.98 4.10 4.01 3.88 3.60 3.68 3.56
Benchmarks
Net Fixed Asset Turnover, Competitors2
Freeport-McMoRan Inc. 0.73 0.78 0.80 0.75 0.70 0.63 0.55 0.48 0.46 0.43 0.45 0.49

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 fixed asset turnover = (Net salesQ3 2022 + Net salesQ2 2022 + Net salesQ1 2022 + Net salesQ4 2021) ÷ Property, plant and equipment, net
= (5,651,707 + 6,212,878 + 5,569,902 + 5,310,657) ÷ 5,146,606 = 4.42

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Steel Dynamics Inc. net fixed asset turnover ratio improved from Q1 2022 to Q2 2022 but then slightly deteriorated from Q2 2022 to Q3 2022.

Total Asset Turnover

Steel Dynamics Inc., total asset turnover calculation (quarterly data)

Microsoft Excel
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 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
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
Long-term Activity Ratio
Total asset turnover1 1.62 1.62 1.57 1.47 1.36 1.21 1.04 1.04 1.09 1.13 1.23 1.26 1.39 1.49 1.53 1.53 1.44 1.40 1.40 1.39
Benchmarks
Total Asset Turnover, Competitors2
Freeport-McMoRan Inc. 0.46 0.48 0.50 0.48 0.45 0.42 0.37 0.34 0.33 0.32 0.33 0.35

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
Total asset turnover = (Net salesQ3 2022 + Net salesQ2 2022 + Net salesQ1 2022 + Net salesQ4 2021) ÷ Total assets
= (5,651,707 + 6,212,878 + 5,569,902 + 5,310,657) ÷ 14,047,698 = 1.62

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Steel Dynamics Inc. total asset turnover ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Equity Turnover

Steel Dynamics Inc., equity turnover calculation (quarterly data)

Microsoft Excel
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 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
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
Long-term Activity Ratio
Equity turnover1 2.85 2.92 2.93 2.92 2.80 2.58 2.24 2.21 2.23 2.30 2.49 2.57 2.72 2.88 3.00 3.00 2.79 2.80 2.82 2.85
Benchmarks
Equity Turnover, Competitors2
Freeport-McMoRan Inc. 1.55 1.63 1.65 1.63 1.59 1.58 1.49 1.40 1.47 1.44 1.51 1.55

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
Equity turnover = (Net salesQ3 2022 + Net salesQ2 2022 + Net salesQ1 2022 + Net salesQ4 2021) ÷ Total Steel Dynamics, Inc. equity
= (5,651,707 + 6,212,878 + 5,569,902 + 5,310,657) ÷ 7,971,156 = 2.85

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Steel Dynamics Inc. equity turnover ratio deteriorated from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.