Reliance Gross Profit from 2010 to 2024

RS Stock  USD 336.90  5.52  1.67%   
Reliance Steel Gross Profit yearly trend continues to be comparatively stable with very little volatility. Gross Profit is likely to outpace its year average in 2024. Gross Profit is the profit Reliance Steel Aluminum makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. View All Fundamentals
 
Gross Profit  
First Reported
1993-03-31
Previous Quarter
1.1 B
Current Value
958.7 M
Quarterly Volatility
354.7 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Reliance Steel financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Reliance main balance sheet or income statement drivers, such as Depreciation And Amortization of 126.8 M, Interest Expense of 48.2 M or Total Revenue of 15.5 B, as well as many exotic indicators such as Short Term Coverage Ratios of 27.76, Price Earnings Ratio of 14.2 or Price To Sales Ratio of 1.16. Reliance financial statements analysis is a perfect complement when working with Reliance Steel Valuation or Volatility modules.
  
This module can also supplement Reliance Steel's financial leverage analysis and stock options assessment as well as various Reliance Steel Technical models . Check out the analysis of Reliance Steel Correlation against competitors.

Latest Reliance Steel's Gross Profit Growth Pattern

Below is the plot of the Gross Profit of Reliance Steel Aluminum over the last few years. Gross profit is a required income statement account that reflects total revenue of Reliance Steel Aluminum minus its cost of goods sold. It is profit before Reliance Steel operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Reliance Steel's Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Reliance Steel's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 5.26 B10 Years Trend
Slightly volatile
   Gross Profit   
       Timeline  

Reliance Gross Profit Regression Statistics

Arithmetic Mean3,011,266,333
Geometric Mean2,429,180,504
Coefficient Of Variation42.19
Mean Deviation947,172,933
Median2,775,100,000
Standard Deviation1,270,413,172
Sample Variance1613949.6T
Range5.2B
R-Value0.90
Mean Square Error344470.4T
R-Squared0.80
Slope254,370,232
Total Sum of Squares22595294.8T

Reliance Gross Profit History

20244.5 B
20234.3 B
20225.3 B
20214.5 B
20202.8 B
20193.3 B
20183.3 B

Other Fundumenentals of Reliance Steel Aluminum

Reliance Steel Gross Profit component correlations

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0.560.530.530.170.560.490.480.47-0.310.480.480.440.43-0.420.240.20.710.690.440.350.120.03-0.81-0.710.250.250.310.33-0.35
0.720.420.88-0.60.920.410.720.86-0.220.00.830.18-0.04-0.75-0.14-0.260.370.510.410.35-0.16-0.44-0.5-0.79-0.080.940.940.9-0.88
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Click cells to compare fundamentals

About Reliance Steel Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Reliance Steel income statement, its balance sheet, and the statement of cash flows. Reliance Steel investors use historical funamental indicators, such as Reliance Steel's Gross Profit, to determine how well the company is positioned to perform in the future. Although Reliance Steel investors may use each financial statement separately, they are all related. The changes in Reliance Steel's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Reliance Steel's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Reliance Steel Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Reliance Steel. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Gross Profit4.3 B4.5 B
Gross Profit Margin 0.29  0.22 

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 the analysis of Reliance Steel Correlation against competitors.
You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

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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
22.63
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.