Reliance Balance Sheet Analysis From 2010 to 2024

RS Stock

USD 320.16 1.96 0.61%

Most indicators from Reliance Steel's financial ratios are interrelated and interconnected. However, analyzing financial 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 financial 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.

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.

	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

Gross Profit Total Revenue

Reliance Steel fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Property Plant And Equipment Gross	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.59	0.73	0.7	0.96	0.98	0.09	0.93	0.76	0.69	0.98	0.0	0.69	0.95	0.45	0.54	0.78	0.92	-0.23	0.67	0.97	0.28	0.85	0.65	-0.34	-0.34
Short Long Term Debt Total	0.59		0.61	0.59	0.36	0.53	0.82	0.29	0.62	-0.06	0.69	-0.02	-0.06	0.54	0.75	0.96	0.81	0.3	-0.17	0.97	0.44	0.26	0.13	0.94	0.25	0.25
Other Current Liab	0.73	0.61		0.83	0.66	0.67	0.27	0.64	0.92	0.33	0.72	-0.09	0.33	0.81	0.3	0.58	0.9	0.62	-0.13	0.74	0.71	0.23	0.59	0.65	-0.27	-0.27
Total Current Liabilities	0.7	0.59	0.83		0.63	0.63	0.21	0.61	0.81	0.42	0.68	-0.44	0.42	0.75	0.3	0.45	0.81	0.56	-0.14	0.69	0.69	0.72	0.58	0.62	-0.22	-0.22
Total Stockholder Equity	0.96	0.36	0.66	0.63		0.97	-0.17	0.99	0.68	0.82	0.91	-0.01	0.82	0.93	0.24	0.31	0.66	0.96	-0.23	0.46	0.98	0.25	0.94	0.43	-0.51	-0.51
Property Plant And Equipment Net	0.98	0.53	0.67	0.63	0.97		0.03	0.95	0.67	0.71	0.97	0.08	0.71	0.91	0.38	0.48	0.72	0.91	-0.27	0.6	0.95	0.24	0.85	0.58	-0.41	-0.41
Net Debt	0.09	0.82	0.27	0.21	-0.17	0.03		-0.24	0.28	-0.61	0.25	0.16	-0.61	0.08	0.72	0.84	0.47	-0.19	-0.02	0.75	-0.09	0.02	-0.39	0.76	0.57	0.57
Retained Earnings	0.93	0.29	0.64	0.61	0.99	0.95	-0.24		0.63	0.85	0.86	-0.02	0.85	0.9	0.12	0.22	0.61	0.95	-0.25	0.38	0.96	0.25	0.95	0.33	-0.63	-0.63
Accounts Payable	0.76	0.62	0.92	0.81	0.68	0.67	0.28	0.63		0.35	0.74	-0.13	0.35	0.83	0.43	0.6	0.92	0.7	0.07	0.75	0.74	0.2	0.58	0.7	-0.13	-0.13
Cash	0.69	-0.06	0.33	0.42	0.82	0.71	-0.61	0.85	0.35		0.56	-0.27	1.0	0.63	-0.19	-0.14	0.27	0.79	-0.21	0.03	0.79	0.31	0.88	-0.03	-0.66	-0.66
Non Current Assets Total	0.98	0.69	0.72	0.68	0.91	0.97	0.25	0.86	0.74	0.56		0.09	0.56	0.9	0.56	0.66	0.81	0.85	-0.23	0.75	0.91	0.26	0.75	0.75	-0.23	-0.23
Non Currrent Assets Other	0.0	-0.02	-0.09	-0.44	-0.01	0.08	0.16	-0.02	-0.13	-0.27	0.09		-0.27	-0.07	0.17	0.14	-0.09	0.04	-0.02	-0.03	-0.1	-0.65	-0.09	0.04	0.03	0.03
Cash And Short Term Investments	0.69	-0.06	0.33	0.42	0.82	0.71	-0.61	0.85	0.35	1.0	0.56	-0.27		0.63	-0.19	-0.14	0.27	0.79	-0.21	0.03	0.79	0.31	0.88	-0.03	-0.66	-0.66
Net Receivables	0.95	0.54	0.81	0.75	0.93	0.91	0.08	0.9	0.83	0.63	0.9	-0.07	0.63		0.38	0.47	0.8	0.91	-0.16	0.63	0.97	0.27	0.87	0.59	-0.37	-0.37
Common Stock Shares Outstanding	0.45	0.75	0.3	0.3	0.24	0.38	0.72	0.12	0.43	-0.19	0.56	0.17	-0.19	0.38		0.8	0.51	0.21	0.15	0.74	0.29	0.07	-0.01	0.85	0.59	0.59
Non Current Liabilities Total	0.54	0.96	0.58	0.45	0.31	0.48	0.84	0.22	0.6	-0.14	0.66	0.14	-0.14	0.47	0.8		0.77	0.26	-0.1	0.95	0.37	0.04	0.06	0.95	0.36	0.36
Inventory	0.78	0.81	0.9	0.81	0.66	0.72	0.47	0.61	0.92	0.27	0.81	-0.09	0.27	0.8	0.51	0.77		0.61	-0.16	0.89	0.72	0.27	0.5	0.84	-0.07	-0.07
Other Current Assets	0.92	0.3	0.62	0.56	0.96	0.91	-0.19	0.95	0.7	0.79	0.85	0.04	0.79	0.91	0.21	0.26	0.61		-0.02	0.4	0.95	0.15	0.93	0.37	-0.5	-0.5
Other Stockholder Equity	-0.23	-0.17	-0.13	-0.14	-0.23	-0.27	-0.02	-0.25	0.07	-0.21	-0.23	-0.02	-0.21	-0.16	0.15	-0.1	-0.16	-0.02		-0.13	-0.21	-0.2	-0.25	-0.09	0.22	0.22
Total Liab	0.67	0.97	0.74	0.69	0.46	0.6	0.75	0.38	0.75	0.03	0.75	-0.03	0.03	0.63	0.74	0.95	0.89	0.4	-0.13		0.53	0.27	0.24	0.97	0.22	0.22
Total Current Assets	0.97	0.44	0.71	0.69	0.98	0.95	-0.09	0.96	0.74	0.79	0.91	-0.1	0.79	0.97	0.29	0.37	0.72	0.95	-0.21	0.53		0.29	0.93	0.49	-0.45	-0.45
Short Term Debt	0.28	0.26	0.23	0.72	0.25	0.24	0.02	0.25	0.2	0.31	0.26	-0.65	0.31	0.27	0.07	0.04	0.27	0.15	-0.2	0.27	0.29		0.26	0.23	-0.11	-0.11
Property Plant And Equipment Gross	0.85	0.13	0.59	0.58	0.94	0.85	-0.39	0.95	0.58	0.88	0.75	-0.09	0.88	0.87	-0.01	0.06	0.5	0.93	-0.25	0.24	0.93	0.26		0.2	-0.61	-0.61
Intangible Assets	0.65	0.94	0.65	0.62	0.43	0.58	0.76	0.33	0.7	-0.03	0.75	0.04	-0.03	0.59	0.85	0.95	0.84	0.37	-0.09	0.97	0.49	0.23	0.2		0.36	0.36
Common Stock Total Equity	-0.34	0.25	-0.27	-0.22	-0.51	-0.41	0.57	-0.63	-0.13	-0.66	-0.23	0.03	-0.66	-0.37	0.59	0.36	-0.07	-0.5	0.22	0.22	-0.45	-0.11	-0.61	0.36		1.0
Common Stock	-0.34	0.25	-0.27	-0.22	-0.51	-0.41	0.57	-0.63	-0.13	-0.66	-0.23	0.03	-0.66	-0.37	0.59	0.36	-0.07	-0.5	0.22	0.22	-0.45	-0.11	-0.61	0.36	1.0

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Reliance Steel Account Relationship Matchups

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

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.

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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:

How To Invest In Reliance

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Is Reliance Stock a good investment?

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What is Reliance Steel's Net Worth?

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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

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.

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Reliance Balance Sheet Analysis From 2010 to 2024

Reliance Steel fundamental ratios Correlations

Reliance Steel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Reliance Steel fundamental ratios Accounts

Reliance Steel Investors Sentiment

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Retained Earnings	+ 0.99	Total Stockholder Equity
Property Plant And Equipment Net	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Assets
Total Current Assets	+ 0.98	Total Stockholder Equity

Common Stock	- 0.66	Cash And Short Term Investments
Common Stock Total Equity	- 0.66	Cash And Short Term Investments
Common Stock	- 0.66	Cash
Common Stock Total Equity	- 0.66	Cash
Short Term Debt	- 0.65	Non Currrent Assets Other
Common Stock	- 0.63	Retained Earnings