Steelcase Ev To Sales vs Days Payables Outstanding Analysis

SCS Stock  USD 13.01  0.07  0.54%   
Steelcase financial indicator trend analysis is much more than just breaking down Steelcase prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Steelcase is a good investment. Please check the relationship between Steelcase Ev To Sales and its Days Payables Outstanding accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steelcase. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy Steelcase Stock please use our How to Invest in Steelcase guide.

Ev To Sales vs Days Payables Outstanding

Ev To Sales vs Days Payables Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Steelcase Ev To Sales account and Days Payables Outstanding. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Steelcase's Ev To Sales and Days Payables Outstanding is -0.61. Overlapping area represents the amount of variation of Ev To Sales that can explain the historical movement of Days Payables Outstanding in the same time period over historical financial statements of Steelcase, assuming nothing else is changed. The correlation between historical values of Steelcase's Ev To Sales and Days Payables Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Sales of Steelcase are associated (or correlated) with its Days Payables Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Payables Outstanding has no effect on the direction of Ev To Sales i.e., Steelcase's Ev To Sales and Days Payables Outstanding go up and down completely randomly.

Correlation Coefficient

-0.61
Relationship DirectionNegative 
Relationship StrengthWeak

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.

Days Payables Outstanding

Most indicators from Steelcase's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Steelcase current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steelcase. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy Steelcase Stock please use our How to Invest in Steelcase guide.At this time, Steelcase's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 2.8 B in 2024, whereas Selling General Administrative is likely to drop slightly above 570 K in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit761.5M919.4M1.0B759.3M
Total Revenue2.8B3.2B3.2B3.3B

Steelcase fundamental ratios Correlations

-0.660.380.450.840.60.56-0.030.620.97-0.290.330.15-0.410.770.670.7-0.040.670.330.720.780.85-0.570.93-0.47
-0.660.09-0.4-0.78-0.54-0.420.26-0.33-0.71-0.04-0.16-0.050.25-0.57-0.5-0.56-0.1-0.44-0.47-0.5-0.47-0.510.39-0.810.33
0.380.09-0.52-0.10.69-0.390.80.080.32-0.870.0-0.22-0.720.630.710.13-0.760.730.090.260.250.610.180.17-0.74
0.45-0.4-0.520.79-0.240.98-0.760.290.50.620.030.640.43-0.16-0.050.420.84-0.280.20.260.480.16-0.840.550.33
0.84-0.78-0.10.790.310.84-0.460.50.860.140.190.39-0.060.420.430.720.410.290.350.620.710.58-0.790.92-0.19
0.6-0.540.69-0.240.31-0.140.480.010.64-0.6-0.14-0.03-0.710.820.920.41-0.520.840.360.420.540.820.010.61-0.79
0.56-0.42-0.390.980.84-0.14-0.680.310.590.510.030.640.37-0.080.060.480.77-0.20.160.270.490.23-0.880.610.23
-0.030.260.8-0.76-0.460.48-0.68-0.1-0.07-0.82-0.05-0.33-0.70.430.49-0.37-0.850.570.170.1-0.020.260.44-0.19-0.64
0.62-0.330.080.290.50.010.31-0.10.5-0.270.92-0.41-0.350.550.010.47-0.160.460.180.760.370.35-0.270.5-0.19
0.97-0.710.320.50.860.640.59-0.070.5-0.20.180.25-0.410.720.710.70.030.640.40.670.840.88-0.630.96-0.49
-0.29-0.04-0.870.620.14-0.60.51-0.82-0.27-0.2-0.280.50.85-0.69-0.57-0.150.9-0.79-0.05-0.43-0.16-0.44-0.31-0.110.83
0.33-0.160.00.030.19-0.140.03-0.050.920.18-0.28-0.65-0.290.43-0.240.28-0.290.350.030.590.060.080.090.21-0.07
0.15-0.05-0.220.640.39-0.030.64-0.33-0.410.250.5-0.650.47-0.340.2-0.020.73-0.350.19-0.120.380.14-0.610.260.29
-0.410.25-0.720.43-0.06-0.710.37-0.7-0.35-0.410.85-0.290.47-0.81-0.65-0.280.81-0.91-0.42-0.61-0.42-0.63-0.16-0.350.92
0.77-0.570.63-0.160.420.82-0.080.430.550.72-0.690.43-0.34-0.810.720.5-0.620.970.350.750.590.83-0.020.7-0.75
0.67-0.50.71-0.050.430.920.060.490.010.71-0.57-0.240.2-0.650.720.36-0.370.760.420.440.630.84-0.250.65-0.8
0.7-0.560.130.420.720.410.48-0.370.470.7-0.150.28-0.02-0.280.50.360.060.42-0.010.520.550.55-0.450.74-0.41
-0.04-0.1-0.760.840.41-0.520.77-0.85-0.160.030.9-0.290.730.81-0.62-0.370.06-0.71-0.01-0.210.08-0.27-0.590.110.7
0.67-0.440.73-0.280.290.84-0.20.570.460.64-0.790.35-0.35-0.910.970.760.42-0.710.410.730.590.830.050.61-0.84
0.33-0.470.090.20.350.360.160.170.180.4-0.050.030.19-0.420.350.42-0.01-0.010.410.560.510.49-0.20.48-0.28
0.72-0.50.260.260.620.420.270.10.760.67-0.430.59-0.12-0.610.750.440.52-0.210.730.560.740.68-0.290.75-0.5
0.78-0.470.250.480.710.540.49-0.020.370.84-0.160.060.38-0.420.590.630.550.080.590.510.740.87-0.570.84-0.43
0.85-0.510.610.160.580.820.230.260.350.88-0.440.080.14-0.630.830.840.55-0.270.830.490.680.87-0.330.83-0.65
-0.570.390.18-0.84-0.790.01-0.880.44-0.27-0.63-0.310.09-0.61-0.16-0.02-0.25-0.45-0.590.05-0.2-0.29-0.57-0.33-0.59-0.01
0.93-0.810.170.550.920.610.61-0.190.50.96-0.110.210.26-0.350.70.650.740.110.610.480.750.840.83-0.59-0.41
-0.470.33-0.740.33-0.19-0.790.23-0.64-0.19-0.490.83-0.070.290.92-0.75-0.8-0.410.7-0.84-0.28-0.5-0.43-0.65-0.01-0.41
Click cells to compare fundamentals

Steelcase Account Relationship Matchups

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Steelcase Stock Analysis

When running Steelcase's price analysis, check to measure Steelcase's 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 Steelcase is operating at the current time. Most of Steelcase's value examination focuses on studying past and present price action to predict the probability of Steelcase's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steelcase's price. Additionally, you may evaluate how the addition of Steelcase to your portfolios can decrease your overall portfolio volatility.