Reliance Balance Sheet Analysis From 2010 to 2024
RS Stock | USD 320.16 1.96 0.61% |
Reliance |
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 Reliance Steel Valuation and Reliance Steel Correlation analysis. At this time, Reliance Steel's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 8.55 in 2024, whereas Tax Provision is likely to drop slightly above 270.8 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.5B | 5.3B | 4.3B | 4.5B | Total Revenue | 14.1B | 17.0B | 14.8B | 15.5B |
Reliance Steel fundamental ratios Correlations
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Reliance Steel Account Relationship Matchups
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Reliance Steel fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 8.1B | 8.1B | 9.5B | 10.3B | 10.5B | 11.1B | |
Other Current Liab | 282.9M | 296.7M | 547.5M | 402.2M | 376.8M | 192.0M | |
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 | |
Net Receivables | 1.1B | 928.4M | 1.7B | 1.6B | 1.5B | 1.6B | |
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 | |
Intangible Assets | 1.0B | 947.1M | 1.1B | 1.0B | 981.1M | 779.2M | |
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 | |
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 | |
Long Term Debt Total | 1.5B | 1.6B | 1.6B | 1.1B | 1.3B | 1.8B |
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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 Valuation and Reliance Steel Correlation analysis. 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 (0.20) | 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.