Reliance Financial Statements From 2010 to 2024
| RS6 Stock | EUR 296.00 4.20 1.40% |
Check Reliance Steel financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Reliance Steel's main balance sheet or income statement drivers, such as , as well as many indicators such as . Reliance financial statements analysis is a perfect complement when working with Reliance Steel Valuation or Volatility modules.
Reliance |
Reliance Steel Aluminum Company Return On Equity Analysis
Reliance Steel's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Reliance Steel Return On Equity | 0.28 |
Most of Reliance Steel's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Reliance Steel Aluminum is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
Based on the latest financial disclosure, Reliance Steel Aluminum has a Return On Equity of 0.2796. This is 69.27% lower than that of the Basic Materials sector and 97.35% lower than that of the Steel industry. The return on equity for all Germany stocks is 190.19% lower than that of the firm.
Reliance Steel Aluminum Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Reliance Steel's current stock value. Our valuation model uses many indicators to compare Reliance Steel value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Reliance Steel competition to find correlations between indicators driving Reliance Steel's intrinsic value. More Info.Reliance Steel Aluminum is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock in return on asset category among its peers reporting about 0.57 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Reliance Steel Aluminum is roughly 1.77 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Reliance Steel's earnings, one of the primary drivers of an investment's value.About Reliance Steel Financial Statements
Reliance Steel stakeholders use historical fundamental indicators, such as Reliance Steel's revenue or net income, to determine how well the company is positioned to perform in the future. Although Reliance Steel investors may analyze each financial statement separately, they are all interrelated. For example, changes in Reliance Steel's assets and liabilities are reflected in the revenues and expenses on Reliance Steel's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Reliance Steel Aluminum. Please read more on our technical analysis and fundamental analysis pages.
Reliance Steel Aluminum Co. operates as a metals service center company. Reliance Steel Aluminum Co. was founded in 19 and is headquartered in Los Angeles, California. Reliance Steel operates under Steel classification in Germany and is traded on Frankfurt Stock Exchange. It employs 15600 people.
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Reliance Stock
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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..