Reliance Net Working Capital vs Cash And Equivalents Analysis

RS Stock

USD 319.27 3.94 1.25%

Reliance Steel financial indicator trend analysis is much more than just breaking down Reliance Steel Aluminum prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Reliance Steel Aluminum is a good investment. Please check the relationship between Reliance Steel Net Working Capital and its Cash And Equivalents accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Steel Aluminum. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Net Working Capital vs Cash And Equivalents

Net Working Capital vs Cash And Equivalents Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reliance Steel Aluminum Net Working Capital account and Cash And Equivalents. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Reliance Steel's Net Working Capital and Cash And Equivalents is 0.88. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Cash And Equivalents in the same time period over historical financial statements of Reliance Steel Aluminum, assuming nothing else is changed. The correlation between historical values of Reliance Steel's Net Working Capital and Cash And Equivalents is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of Reliance Steel Aluminum are associated (or correlated) with its Cash And Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Equivalents has no effect on the direction of Net Working Capital i.e., Reliance Steel's Net Working Capital and Cash And Equivalents go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Working Capital

Cash And Equivalents

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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Steel Aluminum. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Enterprise Value is likely to gain to about 6.8 B in 2024, whereas Selling General Administrative is likely to drop slightly above 1.3 B 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

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	0.76	0.7	0.96	0.98	0.1	0.93	0.76	0.68	0.98	0.0	0.68	0.95	0.45	0.53	0.79	0.91	-0.23	0.66	0.97	0.34	0.85	0.65	-0.34	-0.34
Short Long Term Debt Total	0.59		0.75	0.59	0.36	0.53	0.82	0.29	0.62	-0.06	0.7	-0.02	-0.06	0.54	0.75	0.96	0.81	0.3	-0.17	0.98	0.44	0.26	0.13	0.94	0.25	0.25
Other Current Liab	0.76	0.75		0.84	0.64	0.69	0.44	0.59	0.94	0.24	0.78	-0.1	0.24	0.81	0.48	0.71	0.96	0.6	-0.1	0.85	0.7	0.32	0.52	0.8	-0.11	-0.11
Total Current Liabilities	0.7	0.59	0.84		0.63	0.63	0.21	0.61	0.81	0.42	0.68	-0.44	0.42	0.75	0.3	0.44	0.81	0.56	-0.14	0.69	0.69	0.77	0.58	0.62	-0.22	-0.22
Total Stockholder Equity	0.96	0.36	0.64	0.63		0.97	-0.17	0.99	0.68	0.82	0.9	-0.01	0.82	0.93	0.24	0.29	0.66	0.96	-0.23	0.45	0.98	0.33	0.94	0.43	-0.51	-0.51
Property Plant And Equipment Net	0.98	0.53	0.69	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	0.59	0.95	0.31	0.85	0.58	-0.41	-0.41
Net Debt	0.1	0.82	0.44	0.21	-0.17	0.03		-0.24	0.28	-0.61	0.26	0.16	-0.61	0.08	0.72	0.85	0.47	-0.19	-0.02	0.76	-0.09	-0.04	-0.39	0.76	0.57	0.57
Retained Earnings	0.93	0.29	0.59	0.61	0.99	0.95	-0.24		0.63	0.85	0.85	-0.02	0.85	0.9	0.12	0.21	0.61	0.95	-0.25	0.37	0.96	0.33	0.95	0.33	-0.63	-0.63
Accounts Payable	0.76	0.62	0.94	0.81	0.68	0.67	0.28	0.63		0.35	0.74	-0.13	0.35	0.83	0.43	0.59	0.92	0.7	0.07	0.75	0.74	0.27	0.58	0.7	-0.13	-0.13
Cash	0.68	-0.06	0.24	0.42	0.82	0.71	-0.61	0.85	0.35		0.55	-0.27	1.0	0.63	-0.19	-0.15	0.27	0.79	-0.21	0.02	0.79	0.39	0.88	-0.03	-0.66	-0.66
Non Current Assets Total	0.98	0.7	0.78	0.68	0.9	0.97	0.26	0.85	0.74	0.55		0.08	0.55	0.9	0.57	0.66	0.81	0.84	-0.23	0.76	0.9	0.31	0.74	0.76	-0.23	-0.23
Non Currrent Assets Other	0.0	-0.02	-0.1	-0.44	-0.01	0.08	0.16	-0.02	-0.13	-0.27	0.08		-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	0.68	-0.06	0.24	0.42	0.82	0.71	-0.61	0.85	0.35	1.0	0.55	-0.27		0.63	-0.19	-0.15	0.27	0.79	-0.21	0.02	0.79	0.39	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	0.34	0.87	0.59	-0.37	-0.37
Common Stock Shares Outstanding	0.45	0.75	0.48	0.3	0.24	0.38	0.72	0.12	0.43	-0.19	0.57	0.17	-0.19	0.38		0.8	0.51	0.21	0.15	0.75	0.29	0.03	-0.01	0.85	0.59	0.59
Non Current Liabilities Total	0.53	0.96	0.71	0.44	0.29	0.48	0.85	0.21	0.59	-0.15	0.66	0.14	-0.15	0.47	0.8		0.76	0.25	-0.1	0.95	0.36	0.04	0.05	0.95	0.36	0.36
Inventory	0.79	0.81	0.96	0.81	0.66	0.72	0.47	0.61	0.92	0.27	0.81	-0.09	0.27	0.8	0.51	0.76		0.61	-0.16	0.89	0.72	0.33	0.5	0.84	-0.07	-0.07
Other Current Assets	0.91	0.3	0.6	0.56	0.96	0.91	-0.19	0.95	0.7	0.79	0.84	0.04	0.79	0.91	0.21	0.25	0.61		-0.02	0.39	0.95	0.22	0.93	0.37	-0.5	-0.5
Other Stockholder Equity	-0.23	-0.17	-0.1	-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		-0.12	-0.21	-0.22	-0.25	-0.09	0.22	0.22
Total Liab	0.66	0.98	0.85	0.69	0.45	0.59	0.76	0.37	0.75	0.02	0.76	-0.03	0.02	0.63	0.75	0.95	0.89	0.39	-0.12		0.52	0.29	0.23	0.97	0.22	0.22
Total Current Assets	0.97	0.44	0.7	0.69	0.98	0.95	-0.09	0.96	0.74	0.79	0.9	-0.1	0.79	0.97	0.29	0.36	0.72	0.95	-0.21	0.52		0.36	0.93	0.49	-0.45	-0.45
Short Term Debt	0.34	0.26	0.32	0.77	0.33	0.31	-0.04	0.33	0.27	0.39	0.31	-0.65	0.39	0.34	0.03	0.04	0.33	0.22	-0.22	0.29	0.36		0.35	0.23	-0.2	-0.2
Property Plant And Equipment Gross	0.85	0.13	0.52	0.58	0.94	0.85	-0.39	0.95	0.58	0.88	0.74	-0.09	0.88	0.87	-0.01	0.05	0.5	0.93	-0.25	0.23	0.93	0.35		0.2	-0.61	-0.61
Intangible Assets	0.65	0.94	0.8	0.62	0.43	0.58	0.76	0.33	0.7	-0.03	0.76	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	-0.11	-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	-0.2	-0.61	0.36		1.0
Common Stock	-0.34	0.25	-0.11	-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	-0.2	-0.61	0.36	1.0

Click cells to compare fundamentals

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	11.0B
Short Long Term Debt Total	1.8B	1.9B	1.9B	1.9B	1.4B	1.2B
Other Current Liab	282.9M	245.7M	424.6M	349.7M	320.6M	182.0M
Total Current Liabilities	675.3M	613M	1.1B	1.4B	843.6M	518.0M
Total Stockholder Equity	5.2B	5.1B	6.1B	7.1B	7.7B	8.1B
Property Plant And Equipment Net	2.0B	2.0B	2.1B	2.2B	2.5B	2.6B
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
Non Current Assets Total	5.1B	5.0B	5.4B	5.4B	5.7B	6.0B
Non Currrent Assets Other	89.3M	115.5M	129.2M	(349.8M)	136.3M	143.1M
Cash And Short Term Investments	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
Common Stock Shares Outstanding	67.9M	65.3M	64.3M	61.5M	59.0M	70.5M
Liabilities And Stockholders Equity	8.1B	8.1B	9.5B	10.3B	10.5B	11.0B
Non Current Liabilities Total	2.2B	2.4B	2.4B	1.9B	1.9B	1.5B
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	2.7B	2.0B
Total Current Assets	3.0B	3.1B	4.2B	4.9B	4.8B	5.0B
Short Term Debt	117.4M	108M	122.2M	613.2M	112.7M	90.3M
Property Plant And Equipment Gross	2.0B	2.0B	3.8B	4.3B	4.7B	5.0B
Accumulated Other Comprehensive Income	(105.1M)	(77.9M)	(68.9M)	(86.3M)	(76.7M)	(72.9M)
Intangible Assets	1.0B	947.1M	1.1B	1.0B	981.1M	779.2M
Common Stock Total Equity	594.6M	136.4M	122.2M	100K	90K	85.5K
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
Property Plant Equipment	1.8B	1.8B	2.1B	2.2B	2.5B	1.3B
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
Noncontrolling Interest In Consolidated Entity	7.9M	7.5M	7.3M	7.2M	6.5M	12.3M
Retained Earnings Total Equity	4.6B	5.2B	5.2B	6.2B	7.1B	4.3B
Long Term Debt Total	1.5B	1.6B	1.6B	1.1B	1.3B	1.8B
Deferred Long Term Liab	440.1M	469.3M	455.6M	484.8M	436.3M	413.8M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Reliance Stock Analysis

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.

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