Reliance Price to Sales Ratio vs Quick Ratio Analysis

RS Stock  USD 334.18  2.72  0.81%   
Reliance Steel financial indicator trend analysis is much more than just breaking down Reliance Steel Aluminum prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Reliance Steel Aluminum is a good investment. Please check the relationship between Reliance Steel Price To Sales Ratio and its Quick Ratio accounts. 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.

Price To Sales Ratio vs Quick Ratio

Price to Sales Ratio vs Quick Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reliance Steel Aluminum Price to Sales Ratio account and Quick Ratio. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Reliance Steel's Price to Sales Ratio and Quick Ratio is 0.89. Overlapping area represents the amount of variation of Price to Sales Ratio that can explain the historical movement of Quick Ratio in the same time period over historical financial statements of Reliance Steel Aluminum, assuming nothing else is changed. The correlation between historical values of Reliance Steel's Price to Sales Ratio and Quick 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 Price to Sales Ratio of Reliance Steel Aluminum are associated (or correlated) with its Quick Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Quick Ratio has no effect on the direction of Price to Sales Ratio i.e., Reliance Steel's Price to Sales Ratio and Quick Ratio go up and down completely randomly.

Correlation Coefficient

0.89
Relationship DirectionPositive 
Relationship StrengthStrong

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Reliance Steel Aluminum stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Reliance Steel sales, a figure that is much harder to manipulate than other Reliance Steel Aluminum multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.

Quick Ratio

A measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities.
Most indicators from Reliance Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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.
Enterprise Value Multiple is likely to gain to 8.55 in 2024, whereas Selling General Administrative is likely to drop slightly above 1.3 B in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit4.5B5.3B4.3B4.5B
Total Revenue14.1B17.0B14.8B15.5B

Reliance Steel fundamental ratios Correlations

0.590.730.70.960.980.090.930.760.690.980.00.690.950.450.540.780.92-0.230.670.970.280.850.65-0.34-0.34
0.590.610.590.360.530.820.290.62-0.060.69-0.02-0.060.540.750.960.810.3-0.170.970.440.260.130.940.250.25
0.730.610.830.660.670.270.640.920.330.72-0.090.330.810.30.580.90.62-0.130.740.710.230.590.65-0.27-0.27
0.70.590.830.630.630.210.610.810.420.68-0.440.420.750.30.450.810.56-0.140.690.690.720.580.62-0.22-0.22
0.960.360.660.630.97-0.170.990.680.820.91-0.010.820.930.240.310.660.96-0.230.460.980.250.940.43-0.51-0.51
0.980.530.670.630.970.030.950.670.710.970.080.710.910.380.480.720.91-0.270.60.950.240.850.58-0.41-0.41
0.090.820.270.21-0.170.03-0.240.28-0.610.250.16-0.610.080.720.840.47-0.19-0.020.75-0.090.02-0.390.760.570.57
0.930.290.640.610.990.95-0.240.630.850.86-0.020.850.90.120.220.610.95-0.250.380.960.250.950.33-0.63-0.63
0.760.620.920.810.680.670.280.630.350.74-0.130.350.830.430.60.920.70.070.750.740.20.580.7-0.13-0.13
0.69-0.060.330.420.820.71-0.610.850.350.56-0.271.00.63-0.19-0.140.270.79-0.210.030.790.310.88-0.03-0.66-0.66
0.980.690.720.680.910.970.250.860.740.560.090.560.90.560.660.810.85-0.230.750.910.260.750.75-0.23-0.23
0.0-0.02-0.09-0.44-0.010.080.16-0.02-0.13-0.270.09-0.27-0.070.170.14-0.090.04-0.02-0.03-0.1-0.65-0.090.040.030.03
0.69-0.060.330.420.820.71-0.610.850.351.00.56-0.270.63-0.19-0.140.270.79-0.210.030.790.310.88-0.03-0.66-0.66
0.950.540.810.750.930.910.080.90.830.630.9-0.070.630.380.470.80.91-0.160.630.970.270.870.59-0.37-0.37
0.450.750.30.30.240.380.720.120.43-0.190.560.17-0.190.380.80.510.210.150.740.290.07-0.010.850.590.59
0.540.960.580.450.310.480.840.220.6-0.140.660.14-0.140.470.80.770.26-0.10.950.370.040.060.950.360.36
0.780.810.90.810.660.720.470.610.920.270.81-0.090.270.80.510.770.61-0.160.890.720.270.50.84-0.07-0.07
0.920.30.620.560.960.91-0.190.950.70.790.850.040.790.910.210.260.61-0.020.40.950.150.930.37-0.5-0.5
-0.23-0.17-0.13-0.14-0.23-0.27-0.02-0.250.07-0.21-0.23-0.02-0.21-0.160.15-0.1-0.16-0.02-0.13-0.21-0.2-0.25-0.090.220.22
0.670.970.740.690.460.60.750.380.750.030.75-0.030.030.630.740.950.890.4-0.130.530.270.240.970.220.22
0.970.440.710.690.980.95-0.090.960.740.790.91-0.10.790.970.290.370.720.95-0.210.530.290.930.49-0.45-0.45
0.280.260.230.720.250.240.020.250.20.310.26-0.650.310.270.070.040.270.15-0.20.270.290.260.23-0.11-0.11
0.850.130.590.580.940.85-0.390.950.580.880.75-0.090.880.87-0.010.060.50.93-0.250.240.930.260.2-0.61-0.61
0.650.940.650.620.430.580.760.330.7-0.030.750.04-0.030.590.850.950.840.37-0.090.970.490.230.20.360.36
-0.340.25-0.27-0.22-0.51-0.410.57-0.63-0.13-0.66-0.230.03-0.66-0.370.590.36-0.07-0.50.220.22-0.45-0.11-0.610.361.0
-0.340.25-0.27-0.22-0.51-0.410.57-0.63-0.13-0.66-0.230.03-0.66-0.370.590.36-0.07-0.50.220.22-0.45-0.11-0.610.361.0
Click cells to compare fundamentals

Reliance Steel Account Relationship Matchups

Reliance Steel fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.1B8.1B9.5B10.3B10.5B11.1B
Short Long Term Debt Total1.8B1.9B1.9B1.9B1.4B1.2B
Other Current Liab282.9M296.7M547.5M402.2M376.8M192.0M
Total Current Liabilities675.3M613M1.1B1.4B843.6M518.0M
Total Stockholder Equity5.2B5.1B6.1B7.1B7.7B8.1B
Property Plant And Equipment Net2.0B2.0B2.1B2.2B2.5B2.6B
Net Debt1.6B1.2B1.6B691.9M297.1M282.2M
Retained Earnings5.2B5.2B6.2B7.2B7.8B8.2B
Accounts Payable275M259.3M453.9M412.4M410.3M235.3M
Cash174.3M683.5M300.5M1.2B1.1B1.1B
Non Current Assets Total5.1B5.0B5.4B5.4B5.8B6.1B
Non Currrent Assets Other89.3M115.5M129.2M(349.8M)136.3M143.1M
Cash And Short Term Investments174.3M683.5M300.5M1.2B1.1B1.1B
Net Receivables1.1B928.4M1.7B1.6B1.5B1.6B
Common Stock Shares Outstanding67.9M65.3M64.3M61.5M59.0M70.5M
Liabilities And Stockholders Equity8.1B8.1B9.5B10.3B10.5B11.1B
Non Current Liabilities Total2.2B2.4B2.4B1.9B2.0B1.5B
Inventory1.6B1.4B2.1B2.0B2.0B1.0B
Other Current Assets85.2M80.5M111.6M115.6M140.4M147.4M
Total Liab2.9B3.0B3.4B3.2B2.8B2.0B
Total Current Assets3.0B3.1B4.2B4.9B4.8B5.0B
Short Term Debt117.4M57M63.6M560.7M56.5M82.6M
Property Plant And Equipment Gross2.0B2.0B3.8B4.3B4.7B5.0B
Accumulated Other Comprehensive Income(105.1M)(77.9M)(68.9M)(86.3M)(76.7M)(72.9M)
Intangible Assets1.0B947.1M1.1B1.0B981.1M779.2M
Common Stock Total Equity594.6M136.4M122.2M100K90K85.5K
Common Stock594.6M136.4M122.2M100K90K85.5K
Other Assets89.3M320M129.2M126.8M1.00.95
Long Term Debt1.5B1.6B1.6B1.1B1.1B1.3B
Good Will2.0B1.9B2.1B2.1B2.1B1.4B
Property Plant Equipment1.8B1.8B2.1B2.2B2.5B1.3B
Other Liab568.6M578.1M572.8M554.1M637.2M350.2M
Net Tangible Assets2.3B2.4B2.9B4.0B4.6B4.8B
Noncontrolling Interest In Consolidated Entity7.9M7.5M7.3M7.2M6.5M12.3M
Retained Earnings Total Equity4.6B5.2B5.2B6.2B7.1B4.3B
Long Term Debt Total1.5B1.6B1.6B1.1B1.3B1.8B
Deferred Long Term Liab440.1M469.3M455.6M484.8M436.3M413.8M

Reliance Steel Investors Sentiment

The influence of Reliance Steel's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Reliance. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Reliance Steel's public news can be used to forecast risks associated with an investment in Reliance. The trend in average sentiment can be used to explain how an investor holding Reliance can time the market purely based on public headlines and social activities around Reliance Steel Aluminum. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Reliance Steel's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Reliance Steel's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Reliance Steel's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Reliance Steel.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Reliance Steel in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Reliance Steel's short interest history, or implied volatility extrapolated from Reliance Steel options trading.

Currently Active Assets on Macroaxis

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 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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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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
22.64
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.