Reliance Historical Balance Sheet
RS Stock | USD 302.27 1.72 0.57% |
Trend analysis of Reliance Steel Aluminum balance sheet accounts such as Total Stockholder Equity of 8.1 B, Property Plant And Equipment Net of 2.6 B or Net Debt of 282.2 M provides information on Reliance Steel's total assets, liabilities, and equity, which is the actual value of Reliance Steel Aluminum to its prevalent stockholders. By breaking down trends over time using Reliance Steel balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Reliance Steel Aluminum latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Reliance Steel Aluminum is a good buy for the upcoming year.
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About Reliance Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Reliance Steel Aluminum at a specified time, usually calculated after every quarter, six months, or one year. Reliance Steel Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Reliance Steel and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Reliance currently owns. An asset can also be divided into two categories, current and non-current.
Reliance Steel Balance Sheet Chart
Reliance Steel Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Reliance Steel Aluminum uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Reliance Steel's Net Receivables is comparatively stable compared to the past year. Common Stock Shares Outstanding is likely to gain to about 70.5 M in 2024, whereas Other Current Liabilities is likely to drop slightly above 192 M in 2024. Add Fundamental
Total Assets
Total assets refers to the total amount of Reliance Steel assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Reliance Steel Aluminum books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Reliance Steel balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Reliance Steel Aluminum are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Short Term Investments
Short Term Investments is an item under the current assets section of Reliance Steel balance sheet. It contains any investments Reliance Steel Aluminum undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Reliance Steel Aluminum can easily liquidate in the marketplace.Most accounts from Reliance Steel's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Reliance Steel Aluminum current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Steel Aluminum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. At this time, Reliance Steel's Net Receivables is comparatively stable compared to the past year. Common Stock Shares Outstanding is likely to gain to about 70.5 M in 2024, whereas Other Current Liabilities is likely to drop slightly above 192 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 1.9B | 1.9B | 1.4B | 1.2B | Total Assets | 9.5B | 10.3B | 10.5B | 11.1B |
Reliance Steel balance sheet Correlations
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Reliance Steel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Reliance Steel balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 8.1B | 8.1B | 9.5B | 10.3B | 10.5B | 11.1B | |
Short Long Term Debt Total | 1.8B | 1.9B | 1.9B | 1.9B | 1.4B | 1.2B | |
Other Current Liab | 282.9M | 296.7M | 547.5M | 402.2M | 376.8M | 192.0M | |
Total Current Liabilities | 675.3M | 613M | 1.1B | 1.4B | 843.6M | 518.0M | |
Total Stockholder Equity | 5.2B | 5.1B | 6.1B | 7.1B | 7.7B | 8.1B | |
Property Plant And Equipment Net | 2.0B | 2.0B | 2.1B | 2.2B | 2.5B | 2.6B | |
Net Debt | 1.6B | 1.2B | 1.6B | 691.9M | 297.1M | 282.2M | |
Retained Earnings | 5.2B | 5.2B | 6.2B | 7.2B | 7.8B | 8.2B | |
Accounts Payable | 275M | 259.3M | 453.9M | 412.4M | 410.3M | 235.3M | |
Cash | 174.3M | 683.5M | 300.5M | 1.2B | 1.1B | 1.1B | |
Non Current Assets Total | 5.1B | 5.0B | 5.4B | 5.4B | 5.8B | 6.1B | |
Non Currrent Assets Other | 89.3M | 115.5M | 129.2M | (349.8M) | 136.3M | 143.1M | |
Cash And Short Term Investments | 174.3M | 683.5M | 300.5M | 1.2B | 1.1B | 1.1B | |
Net Receivables | 1.1B | 928.4M | 1.7B | 1.6B | 1.5B | 1.6B | |
Common Stock Shares Outstanding | 67.9M | 65.3M | 64.3M | 61.5M | 59.0M | 70.5M | |
Liabilities And Stockholders Equity | 8.1B | 8.1B | 9.5B | 10.3B | 10.5B | 11.1B | |
Non Current Liabilities Total | 2.2B | 2.4B | 2.4B | 1.9B | 2.0B | 1.5B | |
Inventory | 1.6B | 1.4B | 2.1B | 2.0B | 2.0B | 1.0B | |
Other Current Assets | 85.2M | 80.5M | 111.6M | 115.6M | 140.4M | 147.4M | |
Total Liab | 2.9B | 3.0B | 3.4B | 3.2B | 2.8B | 2.0B | |
Total Current Assets | 3.0B | 3.1B | 4.2B | 4.9B | 4.8B | 5.0B | |
Short Term Debt | 117.4M | 57M | 63.6M | 560.7M | 56.5M | 82.6M | |
Property Plant And Equipment Gross | 2.0B | 2.0B | 3.8B | 4.3B | 4.7B | 5.0B | |
Accumulated Other Comprehensive Income | (105.1M) | (77.9M) | (68.9M) | (86.3M) | (76.7M) | (72.9M) | |
Intangible Assets | 1.0B | 947.1M | 1.1B | 1.0B | 981.1M | 779.2M | |
Common Stock Total Equity | 594.6M | 136.4M | 122.2M | 100K | 90K | 85.5K | |
Common Stock | 594.6M | 136.4M | 122.2M | 100K | 90K | 85.5K | |
Other Assets | 89.3M | 320M | 129.2M | 126.8M | 1.0 | 0.95 | |
Long Term Debt | 1.5B | 1.6B | 1.6B | 1.1B | 1.1B | 1.3B | |
Good Will | 2.0B | 1.9B | 2.1B | 2.1B | 2.1B | 1.4B | |
Property Plant Equipment | 1.8B | 1.8B | 2.1B | 2.2B | 2.5B | 1.3B | |
Other Liab | 568.6M | 578.1M | 572.8M | 554.1M | 637.2M | 350.2M | |
Net Tangible Assets | 2.3B | 2.4B | 2.9B | 4.0B | 4.6B | 4.8B | |
Noncontrolling Interest In Consolidated Entity | 7.9M | 7.5M | 7.3M | 7.2M | 6.5M | 12.3M | |
Retained Earnings Total Equity | 4.6B | 5.2B | 5.2B | 6.2B | 7.1B | 4.3B | |
Long Term Debt Total | 1.5B | 1.6B | 1.6B | 1.1B | 1.3B | 1.8B | |
Deferred Long Term Liab | 440.1M | 469.3M | 455.6M | 484.8M | 436.3M | 413.8M |
Pair Trading with Reliance Steel
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Reliance Steel position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Reliance Steel will appreciate offsetting losses from the drop in the long position's value.Moving against Reliance Stock
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0.47 | KALU | Kaiser Aluminum | PairCorr |
The ability to find closely correlated positions to Reliance Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Reliance Steel when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Reliance Steel - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Reliance Steel Aluminum to buy it.
The correlation of Reliance Steel is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Reliance Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Reliance Steel Aluminum moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Reliance Steel can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Steel Aluminum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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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 (0.19) | Dividend Share 4.1 | Earnings Share 21.43 | Revenue Per Share 249.942 | 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.