Steelcase Inventory Turnover vs Payout Ratio 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 Inventory Turnover and its Payout Ratio 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.

Inventory Turnover vs Payout Ratio

Inventory Turnover vs Payout Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Steelcase Inventory Turnover account and Payout Ratio. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Steelcase's Inventory Turnover and Payout Ratio is 0.41. Overlapping area represents the amount of variation of Inventory Turnover that can explain the historical movement of Payout Ratio in the same time period over historical financial statements of Steelcase, assuming nothing else is changed. The correlation between historical values of Steelcase's Inventory Turnover and Payout Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory Turnover of Steelcase are associated (or correlated) with its Payout Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Payout Ratio has no effect on the direction of Inventory Turnover i.e., Steelcase's Inventory Turnover and Payout Ratio go up and down completely randomly.

Correlation Coefficient

0.41

Relationship Direction	Positive
Relationship Strength	Weak

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Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Payout Ratio

Payout Ratio is the proportion of Steelcase earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Steelcase dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Steelcase is paying out more in dividends than it makes in net income.

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 Profit	761.5M	919.4M	1.0B	759.3M
Total Revenue	2.8B	3.2B	3.2B	3.3B

Gross Profit Total Revenue

Steelcase fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Good Will	Short Term Investments	Short Long Term Debt Total	Other Liab
Total Assets		-0.66	0.38	0.45	0.84	0.6	0.56	-0.03	0.62	0.97	-0.29	0.33	0.15	-0.41	0.77	0.67	0.7	-0.04	0.67	0.33	0.72	0.78	0.85	-0.57	0.93	-0.47
Other Current Liab	-0.66		0.09	-0.4	-0.78	-0.54	-0.42	0.26	-0.33	-0.71	-0.04	-0.16	-0.05	0.25	-0.57	-0.5	-0.56	-0.1	-0.44	-0.47	-0.5	-0.47	-0.51	0.39	-0.81	0.33
Total Current Liabilities	0.38	0.09		-0.52	-0.1	0.69	-0.39	0.8	0.08	0.32	-0.87	0.0	-0.22	-0.72	0.63	0.71	0.13	-0.76	0.73	0.09	0.26	0.25	0.61	0.18	0.17	-0.74
Total Stockholder Equity	0.45	-0.4	-0.52		0.79	-0.24	0.98	-0.76	0.29	0.5	0.62	0.03	0.64	0.43	-0.16	-0.05	0.42	0.84	-0.28	0.2	0.26	0.48	0.16	-0.84	0.55	0.33
Property Plant And Equipment Net	0.84	-0.78	-0.1	0.79		0.31	0.84	-0.46	0.5	0.86	0.14	0.19	0.39	-0.06	0.42	0.43	0.72	0.41	0.29	0.35	0.62	0.71	0.58	-0.79	0.92	-0.19
Net Debt	0.6	-0.54	0.69	-0.24	0.31		-0.14	0.48	0.01	0.64	-0.6	-0.14	-0.03	-0.71	0.82	0.92	0.41	-0.52	0.84	0.36	0.42	0.54	0.82	0.01	0.61	-0.79
Retained Earnings	0.56	-0.42	-0.39	0.98	0.84	-0.14		-0.68	0.31	0.59	0.51	0.03	0.64	0.37	-0.08	0.06	0.48	0.77	-0.2	0.16	0.27	0.49	0.23	-0.88	0.61	0.23
Accounts Payable	-0.03	0.26	0.8	-0.76	-0.46	0.48	-0.68		-0.1	-0.07	-0.82	-0.05	-0.33	-0.7	0.43	0.49	-0.37	-0.85	0.57	0.17	0.1	-0.02	0.26	0.44	-0.19	-0.64
Cash	0.62	-0.33	0.08	0.29	0.5	0.01	0.31	-0.1		0.5	-0.27	0.92	-0.41	-0.35	0.55	0.01	0.47	-0.16	0.46	0.18	0.76	0.37	0.35	-0.27	0.5	-0.19
Non Current Assets Total	0.97	-0.71	0.32	0.5	0.86	0.64	0.59	-0.07	0.5		-0.2	0.18	0.25	-0.41	0.72	0.71	0.7	0.03	0.64	0.4	0.67	0.84	0.88	-0.63	0.96	-0.49
Non Currrent Assets Other	-0.29	-0.04	-0.87	0.62	0.14	-0.6	0.51	-0.82	-0.27	-0.2		-0.28	0.5	0.85	-0.69	-0.57	-0.15	0.9	-0.79	-0.05	-0.43	-0.16	-0.44	-0.31	-0.11	0.83
Cash And Short Term Investments	0.33	-0.16	0.0	0.03	0.19	-0.14	0.03	-0.05	0.92	0.18	-0.28		-0.65	-0.29	0.43	-0.24	0.28	-0.29	0.35	0.03	0.59	0.06	0.08	0.09	0.21	-0.07
Net Receivables	0.15	-0.05	-0.22	0.64	0.39	-0.03	0.64	-0.33	-0.41	0.25	0.5	-0.65		0.47	-0.34	0.2	-0.02	0.73	-0.35	0.19	-0.12	0.38	0.14	-0.61	0.26	0.29
Common Stock Shares Outstanding	-0.41	0.25	-0.72	0.43	-0.06	-0.71	0.37	-0.7	-0.35	-0.41	0.85	-0.29	0.47		-0.81	-0.65	-0.28	0.81	-0.91	-0.42	-0.61	-0.42	-0.63	-0.16	-0.35	0.92
Non Current Liabilities Total	0.77	-0.57	0.63	-0.16	0.42	0.82	-0.08	0.43	0.55	0.72	-0.69	0.43	-0.34	-0.81		0.72	0.5	-0.62	0.97	0.35	0.75	0.59	0.83	-0.02	0.7	-0.75
Inventory	0.67	-0.5	0.71	-0.05	0.43	0.92	0.06	0.49	0.01	0.71	-0.57	-0.24	0.2	-0.65	0.72		0.36	-0.37	0.76	0.42	0.44	0.63	0.84	-0.25	0.65	-0.8
Other Current Assets	0.7	-0.56	0.13	0.42	0.72	0.41	0.48	-0.37	0.47	0.7	-0.15	0.28	-0.02	-0.28	0.5	0.36		0.06	0.42	-0.01	0.52	0.55	0.55	-0.45	0.74	-0.41
Other Stockholder Equity	-0.04	-0.1	-0.76	0.84	0.41	-0.52	0.77	-0.85	-0.16	0.03	0.9	-0.29	0.73	0.81	-0.62	-0.37	0.06		-0.71	-0.01	-0.21	0.08	-0.27	-0.59	0.11	0.7
Total Liab	0.67	-0.44	0.73	-0.28	0.29	0.84	-0.2	0.57	0.46	0.64	-0.79	0.35	-0.35	-0.91	0.97	0.76	0.42	-0.71		0.41	0.73	0.59	0.83	0.05	0.61	-0.84
Property Plant And Equipment Gross	0.33	-0.47	0.09	0.2	0.35	0.36	0.16	0.17	0.18	0.4	-0.05	0.03	0.19	-0.42	0.35	0.42	-0.01	-0.01	0.41		0.56	0.51	0.49	-0.2	0.48	-0.28
Total Current Assets	0.72	-0.5	0.26	0.26	0.62	0.42	0.27	0.1	0.76	0.67	-0.43	0.59	-0.12	-0.61	0.75	0.44	0.52	-0.21	0.73	0.56		0.74	0.68	-0.29	0.75	-0.5
Intangible Assets	0.78	-0.47	0.25	0.48	0.71	0.54	0.49	-0.02	0.37	0.84	-0.16	0.06	0.38	-0.42	0.59	0.63	0.55	0.08	0.59	0.51	0.74		0.87	-0.57	0.84	-0.43
Good Will	0.85	-0.51	0.61	0.16	0.58	0.82	0.23	0.26	0.35	0.88	-0.44	0.08	0.14	-0.63	0.83	0.84	0.55	-0.27	0.83	0.49	0.68	0.87		-0.33	0.83	-0.65
Short Term Investments	-0.57	0.39	0.18	-0.84	-0.79	0.01	-0.88	0.44	-0.27	-0.63	-0.31	0.09	-0.61	-0.16	-0.02	-0.25	-0.45	-0.59	0.05	-0.2	-0.29	-0.57	-0.33		-0.59	-0.01
Short Long Term Debt Total	0.93	-0.81	0.17	0.55	0.92	0.61	0.61	-0.19	0.5	0.96	-0.11	0.21	0.26	-0.35	0.7	0.65	0.74	0.11	0.61	0.48	0.75	0.84	0.83	-0.59		-0.41
Other Liab	-0.47	0.33	-0.74	0.33	-0.19	-0.79	0.23	-0.64	-0.19	-0.49	0.83	-0.07	0.29	0.92	-0.75	-0.8	-0.41	0.7	-0.84	-0.28	-0.5	-0.43	-0.65	-0.01	-0.41

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Steelcase Inventory Turnover vs Payout Ratio Analysis

Inventory Turnover vs Payout Ratio

Inventory Turnover vs Payout Ratio Correlation Analysis

Correlation Coefficient

Inventory Turnover

Payout Ratio

Steelcase fundamental ratios Correlations

Steelcase Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Steelcase Stock Analysis

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Retained Earnings	+ 0.98	Total Stockholder Equity
Non Current Assets Total	+ 0.97	Total Assets
Total Liab	+ 0.97	Non Current Liabilities Total
Short Long Term Debt Total	+ 0.96	Non Current Assets Total
Short Long Term Debt Total	+ 0.93	Total Assets
Short Long Term Debt Total	+ 0.92	Property Plant And Equipment Net

Total Liab	- 0.91	Common Stock Shares Outstanding
Short Term Investments	- 0.88	Retained Earnings
Non Currrent Assets Other	- 0.87	Total Current Liabilities
Other Stockholder Equity	- 0.85	Accounts Payable
Other Liab	- 0.84	Total Liab
Short Term Investments	- 0.84	Total Stockholder Equity