Reliance Steel Aluminum Stock Current Ratio
| RS Stock | USD 319.49 0.67 0.21% |
Reliance Steel Aluminum fundamentals help investors to digest information that contributes to Reliance Steel's financial success or failures. It also enables traders to predict the movement of Reliance Stock. The fundamental analysis module provides a way to measure Reliance Steel's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Reliance Steel stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 5.66 | 2.86 |
Reliance | Current Ratio |
Reliance Steel Aluminum Company Current Ratio Analysis
Reliance Steel's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Reliance Steel Current Ratio | 3.25 X |
Most of Reliance Steel's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Reliance Steel Aluminum is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Reliance Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Reliance Steel is extremely important. It helps to project a fair market value of Reliance Stock properly, considering its historical fundamentals such as Current Ratio. Since Reliance Steel's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Reliance Steel's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Reliance Steel's interrelated accounts and indicators.
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Reliance Current Ratio Historical Pattern
Today, most investors in Reliance Steel Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Reliance Steel's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Reliance Steel current ratio as a starting point in their analysis.
Reliance Steel Current Ratio |
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Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
Reliance Price To Sales Ratio
Price To Sales Ratio |
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In accordance with the recently published financial statements, Reliance Steel Aluminum has a Current Ratio of 3.25 times. This is 15.14% lower than that of the Metals & Mining sector and 21.27% higher than that of the Materials industry. The current ratio for all United States stocks is 50.46% lower than that of the firm.
Reliance Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Reliance Steel's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Reliance Steel could also be used in its relative valuation, which is a method of valuing Reliance Steel by comparing valuation metrics of similar companies.Reliance Steel is currently under evaluation in current ratio category among related companies.
Reliance Steel ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Reliance Steel's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Reliance Steel's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Reliance Fundamentals
| Return On Equity | 0.18 | ||||
| Return On Asset | 0.1 | ||||
| Profit Margin | 0.09 % | ||||
| Operating Margin | 0.1 % | ||||
| Current Valuation | 18.65 B | ||||
| Shares Outstanding | 57.43 M | ||||
| Shares Owned By Insiders | 0.58 % | ||||
| Shares Owned By Institutions | 81.19 % | ||||
| Number Of Shares Shorted | 692.07 K | ||||
| Price To Earning | 6.91 X | ||||
| Price To Book | 2.42 X | ||||
| Price To Sales | 1.26 X | ||||
| Revenue | 14.81 B | ||||
| Gross Profit | 5.26 B | ||||
| EBITDA | 1.98 B | ||||
| Net Income | 1.34 B | ||||
| Cash And Equivalents | 1.17 B | ||||
| Cash Per Share | 10.97 X | ||||
| Total Debt | 1.38 B | ||||
| Debt To Equity | 0.27 % | ||||
| Current Ratio | 3.25 X | ||||
| Book Value Per Share | 134.84 X | ||||
| Cash Flow From Operations | 1.67 B | ||||
| Short Ratio | 2.38 X | ||||
| Earnings Per Share | 22.65 X | ||||
| Price To Earnings To Growth | 1.20 X | ||||
| Target Price | 363.4 | ||||
| Number Of Employees | 15 K | ||||
| Beta | 0.88 | ||||
| Market Capitalization | 18.35 B | ||||
| Total Asset | 10.55 B | ||||
| Retained Earnings | 7.8 B | ||||
| Working Capital | 3.93 B | ||||
| Current Asset | 2.55 B | ||||
| Current Liabilities | 989.7 M | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 2.05 % | ||||
| Net Asset | 10.55 B | ||||
| Last Dividend Paid | 4.0 |
About Reliance Steel Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Reliance Steel Aluminum's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Reliance Steel using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Reliance Steel Aluminum based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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When determining whether Reliance Steel Aluminum is a strong investment it is important to analyze Reliance Steel'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 Reliance Steel's future performance. For an informed investment choice regarding Reliance Stock, refer to the following important reports:Check out Reliance Steel Piotroski F Score and Reliance Steel Altman Z Score analysis. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Reliance Stock analysis
When running Reliance Steel's price analysis, check to measure Reliance Steel'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 Reliance Steel is operating at the current time. Most of Reliance Steel's value examination focuses on studying past and present price action to predict the probability of Reliance Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Steel's price. Additionally, you may evaluate how the addition of Reliance Steel to your portfolios can decrease your overall portfolio volatility.
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Is Reliance Steel's 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 Reliance Steel. If investors know Reliance 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 Reliance Steel 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 (0.20) | Dividend Share 4 | Earnings Share 22.65 | Revenue Per Share 253.839 | Quarterly Revenue Growth (0.08) |
The market value of Reliance Steel Aluminum is measured differently than its book value, which is the value of Reliance that is recorded on the company's balance sheet. Investors also form their own opinion of Reliance Steel's value that differs from its market value or its book value, called intrinsic value, which is Reliance Steel'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 Reliance Steel's market value can be influenced by many factors that don't directly affect Reliance Steel'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 Reliance Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reliance Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reliance Steel'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.