Reliance Accounts Payable vs Current Deferred Revenue Analysis

RS Stock

USD 290.62 1.51 0.52%

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 Accounts Payable and its Current Deferred Revenue 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 tightly coupled with the direction of predictive economic indicators such as signals in state.

Accounts Payable vs Current Deferred Revenue

Accounts Payable vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reliance Steel Aluminum Accounts Payable account and Current Deferred Revenue. At this time, the significance of the direction appears to have strong relationship.

The correlation between Reliance Steel's Accounts Payable and Current Deferred Revenue is 0.72. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Current Deferred Revenue 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 Accounts Payable and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Reliance Steel Aluminum are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Accounts Payable i.e., Reliance Steel's Accounts Payable and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.72

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Reliance Steel obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Reliance Steel Aluminum are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

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 tightly coupled with the direction of predictive economic indicators such as signals in state.

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.

	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
Short Long Term Debt Total	1.8B	1.9B	1.9B	1.9B	1.4B	1.2B
Other Current Liab	282.9M	296.7M	547.5M	402.2M	376.8M	192.0M
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	5.8B	6.1B
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	11.1B
Non Current Liabilities Total	2.2B	2.4B	2.4B	1.9B	2.0B	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	2.8B	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
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

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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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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 tightly coupled with the direction of predictive economic indicators such as signals in state.

You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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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

(0.19)

Dividend Share

4.1

Earnings Share

21.45

Revenue Per Share

249.942

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 Accounts Payable vs Current Deferred Revenue Analysis

Accounts Payable vs Current Deferred Revenue

Accounts Payable vs Current Deferred Revenue Correlation Analysis

Correlation Coefficient

Accounts Payable

Current Deferred Revenue

Reliance Steel fundamental ratios Correlations

Reliance Steel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Reliance Steel fundamental ratios Accounts

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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