Historical analysis of Reliance Steel income statement accounts such as can show how well Reliance Steel Aluminum Co performed in making a profits. Evaluating Reliance Steel income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Reliance Steel future profits or losses. Financial Statement Analysis is much more than just reviewing and examining Reliance Steel Aluminum latest accounting reports in order to predict its past. Macroaxis encourages investors to analyze financial statement over time for various trends across multiple indicators and accounts to determine whether Reliance Steel Aluminum is a good buy for the upcoming year. Additionally take a look at Your Equity Center
Consolidated Income Earning Before Interest and Taxes EBIT Net Income Revenues
Reliance Steel Aluminum Co Income Statement Chart
The portion of profit or loss for the period, net of income taxes, which is attributable to the consolidated entity, before the deduction of Net Income to Non Controlling Interests
Earning Before Interest and Taxes EBIT
Earnings Before Interest and Tax is calculated by adding Income Tax Expense
and Interest Expense
back to Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Reliance Steel Aluminum financial statement analysis. It represents the amount of money remaining after all of Reliance Steel Aluminum Co operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent after the deduction of Net Income to Non Controlling Interests
from Consolidated Income
, and before the deduction of Preferred Dividends.
Revenues refers to the total amount of money received by Reliance Steel for goods sold or services provided during a certain time period. It also includes all of Reliance Steel Aluminum sales as well as any other increase in Reliance Steel Aluminum Co equity.Revenues are reported on Reliance Steel Aluminum income statement and calculated before any expenses are subtracted. Amount of Revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Interest income for financial institutions is reported net of interest expense and provision for credit losses.