Ryerson Income Tax Expense vs Gross Profit Analysis

RYI Stock

USD 22.95 0.99 4.14%

Ryerson Holding financial indicator trend analysis is much more than just breaking down Ryerson Holding Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ryerson Holding Corp is a good investment. Please check the relationship between Ryerson Holding Income Tax Expense and its Gross Profit accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ryerson Holding Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.

Income Tax Expense vs Gross Profit

Income Tax Expense vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ryerson Holding Corp Income Tax Expense account and Gross Profit. At this time, the significance of the direction appears to have strong relationship.

The correlation between Ryerson Holding's Income Tax Expense and Gross Profit is 0.79. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Ryerson Holding Corp, assuming nothing else is changed. The correlation between historical values of Ryerson Holding's Income Tax Expense and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Ryerson Holding Corp are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Income Tax Expense i.e., Ryerson Holding's Income Tax Expense and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.79

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Income Tax Expense

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Ryerson Holding Corp minus its cost of goods sold. It is profit before Ryerson Holding operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Most indicators from Ryerson Holding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ryerson Holding Corp 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 Ryerson Holding Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.

As of now, Ryerson Holding's Enterprise Value Multiple is decreasing as compared to previous years.

	2021	2022	2023	2024 (projected)
Gross Profit	1.1B	1.3B	1.0B	772.0M
Total Revenue	5.7B	6.3B	5.1B	4.5B

Gross Profit Total Revenue

Ryerson Holding fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Good Will	Inventory	Total Liab	Treasury Stock	Intangible Assets	Common Stock	Property Plant Equipment	Other Current Assets	Short Term Investments	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments
Total Assets		0.28	0.83	0.44	0.05	0.45	0.79	-0.16	-0.36	-0.11	0.68	0.9	0.38	0.43	-0.1	-0.5	0.72	0.91	-0.04	-0.41	0.68	-0.26	-0.39	0.7	-0.35	-0.26
Other Current Liab	0.28		0.23	-0.52	0.72	-0.49	-0.13	0.31	0.39	0.66	-0.36	0.43	0.82	0.39	-0.13	-0.35	0.35	0.09	0.67	0.6	-0.28	-0.53	0.58	-0.13	0.54	0.28
Total Current Liabilities	0.83	0.23		0.52	-0.21	0.49	0.8	-0.37	-0.22	-0.34	0.59	0.8	0.09	0.07	0.1	-0.11	0.32	0.77	-0.19	-0.38	0.66	0.06	-0.35	0.63	-0.29	-0.41
Total Stockholder Equity	0.44	-0.52	0.52		-0.63	0.99	0.54	-0.41	-0.41	-0.92	0.61	0.33	-0.59	-0.39	0.32	0.28	-0.05	0.42	-0.53	-0.73	0.8	0.49	-0.69	0.74	-0.45	-0.43
Other Liab	0.05	0.72	-0.21	-0.63		-0.57	-0.34	0.51	0.24	0.72	-0.45	0.12	0.83	0.55	-0.31	-0.52	0.45	-0.05	0.57	0.47	-0.43	-0.61	0.43	-0.32	0.36	0.45
Retained Earnings	0.45	-0.49	0.49	0.99	-0.57		0.49	-0.38	-0.4	-0.89	0.6	0.34	-0.54	-0.37	0.34	0.26	0.01	0.41	-0.47	-0.69	0.82	0.45	-0.66	0.77	-0.41	-0.41
Accounts Payable	0.79	-0.13	0.8	0.54	-0.34	0.49		-0.26	-0.56	-0.34	0.87	0.61	0.03	0.35	-0.23	-0.41	0.46	0.9	-0.49	-0.73	0.66	-0.16	-0.7	0.53	-0.55	-0.34
Cash	-0.16	0.31	-0.37	-0.41	0.51	-0.38	-0.26		0.29	0.4	-0.29	-0.3	0.35	0.41	-0.43	-0.4	0.11	-0.15	0.41	0.06	-0.38	-0.46	-0.03	-0.3	0.22	0.99
Other Assets	-0.36	0.39	-0.22	-0.41	0.24	-0.4	-0.56	0.29		0.27	-0.55	-0.29	0.07	-0.22	0.17	0.26	-0.28	-0.42	0.62	0.54	-0.35	0.12	0.51	-0.17	0.41	0.36
Long Term Debt	-0.11	0.66	-0.34	-0.92	0.72	-0.89	-0.34	0.4	0.27		-0.46	0.01	0.82	0.63	-0.43	-0.54	0.37	-0.14	0.59	0.65	-0.68	-0.69	0.62	-0.59	0.36	0.37
Good Will	0.68	-0.36	0.59	0.61	-0.45	0.6	0.87	-0.29	-0.55	-0.46		0.4	-0.17	0.18	0.01	-0.25	0.45	0.71	-0.56	-0.72	0.82	-0.07	-0.69	0.71	-0.44	-0.34
Inventory	0.9	0.43	0.8	0.33	0.12	0.34	0.61	-0.3	-0.29	0.01	0.4		0.46	0.34	-0.06	-0.4	0.62	0.78	0.13	-0.16	0.46	-0.2	-0.13	0.5	-0.26	-0.39
Total Liab	0.38	0.82	0.09	-0.59	0.83	-0.54	0.03	0.35	0.07	0.82	-0.17	0.46		0.8	-0.49	-0.77	0.69	0.3	0.51	0.38	-0.32	-0.82	0.36	-0.22	0.23	0.25
Treasury Stock	0.43	0.39	0.07	-0.39	0.55	-0.37	0.35	0.41	-0.22	0.63	0.18	0.34	0.8		-0.83	-0.99	0.7	0.53	0.15	-0.14	-0.2	-0.89	-0.17	-0.2	-0.18	0.29
Intangible Assets	-0.1	-0.13	0.1	0.32	-0.31	0.34	-0.23	-0.43	0.17	-0.43	0.01	-0.06	-0.49	-0.83		0.8	-0.23	-0.33	0.0	0.29	0.43	0.69	0.32	0.48	0.3	-0.33
Common Stock	-0.5	-0.35	-0.11	0.28	-0.52	0.26	-0.41	-0.4	0.26	-0.54	-0.25	-0.4	-0.77	-0.99	0.8		-0.75	-0.6	-0.12	0.23	0.1	0.86	0.25	0.1	0.24	-0.27
Property Plant Equipment	0.72	0.35	0.32	-0.05	0.45	0.01	0.46	0.11	-0.28	0.37	0.45	0.62	0.69	0.7	-0.23	-0.75		0.67	0.16	-0.12	0.32	-0.6	-0.12	0.36	-0.17	0.0
Other Current Assets	0.91	0.09	0.77	0.42	-0.05	0.41	0.9	-0.15	-0.42	-0.14	0.71	0.78	0.3	0.53	-0.33	-0.6	0.67		-0.16	-0.62	0.59	-0.28	-0.6	0.53	-0.58	-0.25
Short Term Investments	-0.04	0.67	-0.19	-0.53	0.57	-0.47	-0.49	0.41	0.62	0.59	-0.56	0.13	0.51	0.15	0.0	-0.12	0.16	-0.16		0.64	-0.34	-0.19	0.61	-0.15	0.39	0.42
Short Long Term Debt Total	-0.41	0.6	-0.38	-0.73	0.47	-0.69	-0.73	0.06	0.54	0.65	-0.72	-0.16	0.38	-0.14	0.29	0.23	-0.12	-0.62	0.64		-0.57	-0.09	1.0	-0.42	0.73	0.12
Property Plant And Equipment Net	0.68	-0.28	0.66	0.8	-0.43	0.82	0.66	-0.38	-0.35	-0.68	0.82	0.46	-0.32	-0.2	0.43	0.1	0.32	0.59	-0.34	-0.57		0.28	-0.54	0.96	-0.31	-0.39
Current Deferred Revenue	-0.26	-0.53	0.06	0.49	-0.61	0.45	-0.16	-0.46	0.12	-0.69	-0.07	-0.2	-0.82	-0.89	0.69	0.86	-0.6	-0.28	-0.19	-0.09	0.28		-0.06	0.26	-0.26	-0.35
Net Debt	-0.39	0.58	-0.35	-0.69	0.43	-0.66	-0.7	-0.03	0.51	0.62	-0.69	-0.13	0.36	-0.17	0.32	0.25	-0.12	-0.6	0.61	1.0	-0.54	-0.06		-0.4	0.71	0.03
Non Current Assets Total	0.7	-0.13	0.63	0.74	-0.32	0.77	0.53	-0.3	-0.17	-0.59	0.71	0.5	-0.22	-0.2	0.48	0.1	0.36	0.53	-0.15	-0.42	0.96	0.26	-0.4		-0.2	-0.3
Non Currrent Assets Other	-0.35	0.54	-0.29	-0.45	0.36	-0.41	-0.55	0.22	0.41	0.36	-0.44	-0.26	0.23	-0.18	0.3	0.24	-0.17	-0.58	0.39	0.73	-0.31	-0.26	0.71	-0.2		0.26
Cash And Short Term Investments	-0.26	0.28	-0.41	-0.43	0.45	-0.41	-0.34	0.99	0.36	0.37	-0.34	-0.39	0.25	0.29	-0.33	-0.27	0.0	-0.25	0.42	0.12	-0.39	-0.35	0.03	-0.3	0.26

Click cells to compare fundamentals

Ryerson Holding Account Relationship Matchups

Ryerson Holding fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.0B	1.8B	2.4B	2.3B	2.6B	2.1B
Other Current Liab	110.3M	117.2M	201M	36.3M	115.7M	131.7M
Total Current Liabilities	491.9M	527.6M	751M	619.2M	633.9M	504.7M
Total Stockholder Equity	172.6M	138.8M	537.2M	885.1M	905.9M	951.2M
Other Liab	286.7M	310.2M	274.7M	233.8M	268.9M	375.2M
Retained Earnings	99.6M	33.8M	321.7M	692.5M	813.2M	853.9M
Accounts Payable	311.5M	365.1M	481.2M	438.4M	463.4M	285.9M
Cash	11M	61.4M	51.2M	39.2M	54.3M	57.0M
Other Assets	2.7M	115M	6.9M	13.7M	12.3M	11.7M
Long Term Debt	932.6M	726.2M	610.5M	361.2M	428.3M	406.9M
Inventory	742.9M	604.5M	832.1M	798.5M	782.5M	776.6M
Total Liab	1.8B	1.7B	1.8B	1.4B	1.7B	1.8B
Intangible Assets	58.1M	50.6M	43.2M	42.2M	73.7M	50.3M
Property Plant Equipment	439.7M	421.8M	388.3M	458.4M	527.2M	447.7M
Other Current Assets	52.2M	57.5M	77.7M	88.2M	77.8M	53.5M
Short Long Term Debt Total	1.1B	853.7M	849M	607.3M	803.8M	838.9M
Property Plant And Equipment Net	567.9M	530.1M	599.4M	698.9M	939M	578.9M
Net Debt	1.1B	792.3M	797.8M	568.1M	749.5M	788.4M
Non Current Assets Total	741.5M	698.7M	772.6M	892.7M	1.2B	804.8M
Non Currrent Assets Other	2.7M	5.1M	6.9M	(99.8M)	15.7M	8.7M
Cash And Short Term Investments	11M	61.4M	51.2M	39.2M	54.3M	50.5M
Net Receivables	425.1M	378.9M	630.8M	514.4M	467.7M	491.4M
Common Stock Shares Outstanding	38.0M	38.0M	38.9M	38.3M	35.6M	37.5M
Liabilities And Stockholders Equity	2.0B	1.8B	2.4B	2.3B	2.6B	2.2B
Non Current Liabilities Total	1.4B	1.1B	1.1B	822.1M	1.0B	1.1B
Other Stockholder Equity	374.6M	376.5M	380.2M	336.6M	232.3M	266.9M
Property Plant And Equipment Gross	567.9M	530.1M	1.0B	1.1B	1.4B	1.5B
Total Current Assets	1.3B	1.1B	1.6B	1.4B	1.4B	1.0B
Accumulated Other Comprehensive Income	(302M)	(271.9M)	(165.1M)	(144.4M)	(140M)	(147M)
Short Term Debt	70.1M	34.5M	53.7M	31M	38.7M	30.8M
Net Tangible Assets	1.7M	(24.7M)	370.9M	705M	810.8M	851.3M
Noncontrolling Interest In Consolidated Entity	6M	6.3M	7.4M	7.9M	9.1M	9.5M
Retained Earnings Total Equity	99.6M	33.8M	321.7M	692.5M	796.4M	836.2M

Currently Active Assets on Macroaxis

C	Citigroup
CRM	Salesforce
MSFT	Microsoft
V	Visa Class A
GOOG	Alphabet Inc Class C

When determining whether Ryerson Holding Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ryerson Holding's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ryerson Holding Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ryerson Holding Corp Stock:

How To Invest In Ryerson

Details

Is Ryerson Stock a good investment?

Details

What is Ryerson Holding's Net Worth?

Details

Largest Metals & Mining Companies

View

Largest Metal Fabrication Companies

View

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ryerson Holding Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.

You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Complementary Tools for Ryerson Stock analysis

When running Ryerson Holding's price analysis, check to measure Ryerson Holding'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 Ryerson Holding is operating at the current time. Most of Ryerson Holding's value examination focuses on studying past and present price action to predict the probability of Ryerson Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ryerson Holding's price. Additionally, you may evaluate how the addition of Ryerson Holding to your portfolios can decrease your overall portfolio volatility.

	Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments
	AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities
	Bonds Directory Find actively traded corporate debentures issued by US companies
	Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments
	Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules
	Fundamental Analysis View fundamental data based on most recent published financial statements
	Commodity Directory Find actively traded commodities issued by global exchanges
	Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
	Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
	Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities
	Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk
	Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets

Is Ryerson Holding'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 Ryerson Holding. If investors know Ryerson 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 Ryerson Holding 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

(0.32)

Dividend Share

0.735

Earnings Share

2.61

Revenue Per Share

143.851

Quarterly Revenue Growth

(0.12)

The market value of Ryerson Holding Corp is measured differently than its book value, which is the value of Ryerson that is recorded on the company's balance sheet. Investors also form their own opinion of Ryerson Holding's value that differs from its market value or its book value, called intrinsic value, which is Ryerson Holding'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 Ryerson Holding's market value can be influenced by many factors that don't directly affect Ryerson Holding'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 Ryerson Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ryerson Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ryerson Holding'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Ryerson Income Tax Expense vs Gross Profit Analysis

Income Tax Expense vs Gross Profit

Income Tax Expense vs Gross Profit Correlation Analysis

Correlation Coefficient

Income Tax Expense

Gross Profit

Ryerson Holding fundamental ratios Correlations

Ryerson Holding Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ryerson Holding fundamental ratios Accounts

Currently Active Assets on Macroaxis

Complementary Tools for Ryerson Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Retained Earnings	+ 0.99	Total Stockholder Equity
Cash And Short Term Investments	+ 0.99	Cash
Non Current Assets Total	+ 0.96	Property Plant And Equipment Net
Other Current Assets	+ 0.91	Total Assets
Inventory	+ 0.9	Total Assets

Common Stock	- 0.99	Treasury Stock
Long Term Debt	- 0.92	Total Stockholder Equity
Current Deferred Revenue	- 0.89	Treasury Stock
Long Term Debt	- 0.89	Retained Earnings
Intangible Assets	- 0.83	Treasury Stock
Current Deferred Revenue	- 0.82	Total Liab