Reliance Change To Inventory vs Capital Expenditures Analysis

RS Stock  USD 306.29  0.59  0.19%   
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 Change To Inventory and its Capital Expenditures 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.

Change To Inventory vs Capital Expenditures

Change To Inventory vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reliance Steel Aluminum Change To Inventory account and Capital Expenditures. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Reliance Steel's Change To Inventory and Capital Expenditures is -0.04. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Capital Expenditures 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 Change To Inventory and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of Reliance Steel Aluminum are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Change To Inventory i.e., Reliance Steel's Change To Inventory and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.04
Relationship DirectionNegative 
Relationship StrengthInsignificant

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Capital Expenditures

Capital Expenditures are funds used by Reliance Steel Aluminum to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Reliance Steel operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
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 Profit4.5B5.3B4.3B4.5B
Total Revenue14.1B17.0B14.8B15.5B

Reliance Steel fundamental ratios Correlations

0.590.760.70.960.980.10.930.760.680.980.00.680.950.450.530.790.91-0.230.660.970.340.850.65-0.34-0.34
0.590.750.590.360.530.820.290.62-0.060.7-0.02-0.060.540.750.960.810.3-0.170.980.440.260.130.940.250.25
0.760.750.840.640.690.440.590.940.240.78-0.10.240.810.480.710.960.6-0.10.850.70.320.520.8-0.11-0.11
0.70.590.840.630.630.210.610.810.420.68-0.440.420.750.30.440.810.56-0.140.690.690.770.580.62-0.22-0.22
0.960.360.640.630.97-0.170.990.680.820.9-0.010.820.930.240.290.660.96-0.230.450.980.330.940.43-0.51-0.51
0.980.530.690.630.970.030.950.670.710.970.080.710.910.380.480.720.91-0.270.590.950.310.850.58-0.41-0.41
0.10.820.440.21-0.170.03-0.240.28-0.610.260.16-0.610.080.720.850.47-0.19-0.020.76-0.09-0.04-0.390.760.570.57
0.930.290.590.610.990.95-0.240.630.850.85-0.020.850.90.120.210.610.95-0.250.370.960.330.950.33-0.63-0.63
0.760.620.940.810.680.670.280.630.350.74-0.130.350.830.430.590.920.70.070.750.740.270.580.7-0.13-0.13
0.68-0.060.240.420.820.71-0.610.850.350.55-0.271.00.63-0.19-0.150.270.79-0.210.020.790.390.88-0.03-0.66-0.66
0.980.70.780.680.90.970.260.850.740.550.080.550.90.570.660.810.84-0.230.760.90.310.740.76-0.23-0.23
0.0-0.02-0.1-0.44-0.010.080.16-0.02-0.13-0.270.08-0.27-0.070.170.14-0.090.04-0.02-0.03-0.1-0.65-0.090.040.030.03
0.68-0.060.240.420.820.71-0.610.850.351.00.55-0.270.63-0.19-0.150.270.79-0.210.020.790.390.88-0.03-0.66-0.66
0.950.540.810.750.930.910.080.90.830.630.9-0.070.630.380.470.80.91-0.160.630.970.340.870.59-0.37-0.37
0.450.750.480.30.240.380.720.120.43-0.190.570.17-0.190.380.80.510.210.150.750.290.03-0.010.850.590.59
0.530.960.710.440.290.480.850.210.59-0.150.660.14-0.150.470.80.760.25-0.10.950.360.040.050.950.360.36
0.790.810.960.810.660.720.470.610.920.270.81-0.090.270.80.510.760.61-0.160.890.720.330.50.84-0.07-0.07
0.910.30.60.560.960.91-0.190.950.70.790.840.040.790.910.210.250.61-0.020.390.950.220.930.37-0.5-0.5
-0.23-0.17-0.1-0.14-0.23-0.27-0.02-0.250.07-0.21-0.23-0.02-0.21-0.160.15-0.1-0.16-0.02-0.12-0.21-0.22-0.25-0.090.220.22
0.660.980.850.690.450.590.760.370.750.020.76-0.030.020.630.750.950.890.39-0.120.520.290.230.970.220.22
0.970.440.70.690.980.95-0.090.960.740.790.9-0.10.790.970.290.360.720.95-0.210.520.360.930.49-0.45-0.45
0.340.260.320.770.330.31-0.040.330.270.390.31-0.650.390.340.030.040.330.22-0.220.290.360.350.23-0.2-0.2
0.850.130.520.580.940.85-0.390.950.580.880.74-0.090.880.87-0.010.050.50.93-0.250.230.930.350.2-0.61-0.61
0.650.940.80.620.430.580.760.330.7-0.030.760.04-0.030.590.850.950.840.37-0.090.970.490.230.20.360.36
-0.340.25-0.11-0.22-0.51-0.410.57-0.63-0.13-0.66-0.230.03-0.66-0.370.590.36-0.07-0.50.220.22-0.45-0.2-0.610.361.0
-0.340.25-0.11-0.22-0.51-0.410.57-0.63-0.13-0.66-0.230.03-0.66-0.370.590.36-0.07-0.50.220.22-0.45-0.2-0.610.361.0
Click cells to compare fundamentals

Reliance Steel Account Relationship Matchups

Reliance Steel fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.1B8.1B9.5B10.3B10.5B11.0B
Short Long Term Debt Total1.8B1.9B1.9B1.9B1.4B1.2B
Other Current Liab282.9M245.7M424.6M349.7M320.6M182.0M
Total Current Liabilities675.3M613M1.1B1.4B843.6M518.0M
Total Stockholder Equity5.2B5.1B6.1B7.1B7.7B8.1B
Property Plant And Equipment Net2.0B2.0B2.1B2.2B2.5B2.6B
Net Debt1.6B1.2B1.6B691.9M297.1M282.2M
Retained Earnings5.2B5.2B6.2B7.2B7.8B8.2B
Accounts Payable275M259.3M453.9M412.4M410.3M235.3M
Cash174.3M683.5M300.5M1.2B1.1B1.1B
Non Current Assets Total5.1B5.0B5.4B5.4B5.7B6.0B
Non Currrent Assets Other89.3M115.5M129.2M(349.8M)136.3M143.1M
Cash And Short Term Investments174.3M683.5M300.5M1.2B1.1B1.1B
Net Receivables1.1B928.4M1.7B1.6B1.5B1.6B
Common Stock Shares Outstanding67.9M65.3M64.3M61.5M59.0M70.5M
Liabilities And Stockholders Equity8.1B8.1B9.5B10.3B10.5B11.0B
Non Current Liabilities Total2.2B2.4B2.4B1.9B1.9B1.5B
Inventory1.6B1.4B2.1B2.0B2.0B1.0B
Other Current Assets85.2M80.5M111.6M115.6M140.4M147.4M
Total Liab2.9B3.0B3.4B3.2B2.7B2.0B
Total Current Assets3.0B3.1B4.2B4.9B4.8B5.0B
Short Term Debt117.4M108M122.2M613.2M112.7M90.3M
Property Plant And Equipment Gross2.0B2.0B3.8B4.3B4.7B5.0B
Accumulated Other Comprehensive Income(105.1M)(77.9M)(68.9M)(86.3M)(76.7M)(72.9M)
Intangible Assets1.0B947.1M1.1B1.0B981.1M779.2M
Common Stock Total Equity594.6M136.4M122.2M100K90K85.5K
Common Stock594.6M136.4M122.2M100K90K85.5K
Other Assets89.3M320M129.2M126.8M1.00.95
Long Term Debt1.5B1.6B1.6B1.1B1.1B1.3B
Good Will2.0B1.9B2.1B2.1B2.1B1.4B
Property Plant Equipment1.8B1.8B2.1B2.2B2.5B1.3B
Other Liab568.6M578.1M572.8M554.1M637.2M350.2M
Net Tangible Assets2.3B2.4B2.9B4.0B4.6B4.8B
Noncontrolling Interest In Consolidated Entity7.9M7.5M7.3M7.2M6.5M12.3M
Retained Earnings Total Equity4.6B5.2B5.2B6.2B7.1B4.3B
Long Term Debt Total1.5B1.6B1.6B1.1B1.3B1.8B
Deferred Long Term Liab440.1M469.3M455.6M484.8M436.3M413.8M

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.