What is the Return on Assets (ROA) of Reliance this year?
The Return on Assets (ROA) of Reliance is 0.13 undefined this year.
Reliance ROA 2024
Reliance ROA
0.13
Ticker
RS
ISIN
US7595091023
WKN
892629
In 2024, Reliance's return on assets (ROA) was 0.13, a -28.44% increase from the 0.18 ROA in the previous year.
Reliance Aktienanalyse
What does Reliance do?
Reliance Steel & Aluminum Co is one of the largest companies in steel and aluminum distribution worldwide. The company is based in Los Angeles, California, and has been in business since 1939. Reliance Steel & Aluminum Co started as a one-man operation and has grown over the years to a company with over $11 billion in revenue and approximately 300 locations in 40 countries worldwide. The company has been listed on the New York Stock Exchange since 1994. The company's business model is based on selling steel and aluminum products to various industries such as construction, aerospace, defense, automotive, oil and gas, and many more. Reliance Steel & Aluminum Co offers a wide range of products including sheets, bars, pipes, extruded profiles, stainless steel, carbon steel, aluminum, and many other types of metals and alloys. The company has divided itself into different business segments to offer a wider range of products and services to its customers. These business segments include: - Carbon Steel: This segment includes most of the products the company offers, including pipes, bars, and sheets made of carbon steel. - Stainless Steel: This segment refers to all products made of stainless steel. Reliance is one of the largest suppliers of stainless steel components in North America. - Aluminum: Aluminum is an important component of many products the company offers. Reliance offers a wide range of aluminum products such as plates, pipes, and bars. - Specialty Metals: This business segment includes highly specialized alloys and metals such as titanium, Inconel, and Monel. The products in this segment are more expensive than traditional steel and aluminum products, but they have special properties that are essential for certain applications. The company also offers services such as cutting, shaping, and surface processing. Reliance Steel & Aluminum Co has an excellent reputation for the quality of its products and services and is known for its fast and reliable deliveries. Over the years, Reliance Steel & Aluminum Co has carried out several acquisitions and mergers to accelerate its growth and expand its product range. Some notable acquisitions include the purchase of Metals USA in 2013 for more than $1.2 billion and the purchase of Earle M. Jorgensen Company in 2006 for approximately $1.1 billion. The company also has a strong presence in other countries, particularly in Europe and Asia. Reliance Steel & Aluminum Co has strengthened its presence on the continent in recent years through the acquisition of companies in Europe. The company also has branches in Mexico, Canada, and Australia. Overall, Reliance Steel & Aluminum Co has become one of the leading companies in steel and aluminum distribution through its wide range of products, quality products and services, fast delivery times, and strong growth. Reliance ist eines der beliebtesten Unternehmen auf Eulerpool.com.ROA Details
Understanding Reliance's Return on Assets (ROA)
Reliance's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.
Year-to-Year Comparison
Comparing Reliance's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.
Impact on Investments
Investors consider Reliance's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.
Interpreting ROA Fluctuations
Variations in Reliance’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.
Frequently Asked Questions about Reliance stock
What was the ROA of Reliance compared to the previous year?
The ROA of Reliance has increased by -28.44% compared to the previous year.
What consequences do high ROA have for investors of Reliance?
A high ROA is advantageous for investors of Reliance, as it indicates that the company efficiently utilizes its assets and generates good profits.
What are the consequences of low ROA for investors in Reliance?
A low ROA can be unfavorable for investors of Reliance as it indicates that the company is inefficiently utilizing its assets and may potentially achieve lower profits.
How does an increase in the ROA of Reliance affect the company?
An increase in ROA of Reliance can be an indicator of improved efficiency in asset utilization and higher profitability.
How does a reduction in ROA of Reliance impact the company?
A reduction in the ROA of Reliance can be an indicator of lower asset efficiency and profitability.
What are some factors that can influence the ROA of Reliance?
Some factors that can influence the ROA of Reliance include revenue, operating costs, asset structure, and industry average.
Why is the ROA of Reliance important for investors?
The ROA of Reliance is important for investors as it is an indicator of the company's profitability and efficiency in utilizing assets. It provides investors with information on how well the company utilizes its resources to generate profits.
What strategic measures can Reliance take to improve ROA?
To improve ROA, Reliance can take measures such as cost savings, revenue growth, optimizing asset structure, and diversifying its business activities. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic measures to improve ROA.
How much dividend does Reliance pay?
Over the past 12 months, Reliance paid a dividend of 4 USD . This corresponds to a dividend yield of about 1.47 %. For the coming 12 months, Reliance is expected to pay a dividend of 4.86 USD.
What is the dividend yield of Reliance?
The current dividend yield of Reliance is 1.47 %.
When does Reliance pay dividends?
Reliance pays a quarterly dividend. This is distributed in the months of December, April, June, September.
How secure is the dividend of Reliance?
Reliance paid dividends every year for the past 23 years.
What is the dividend of Reliance?
For the upcoming 12 months, dividends amounting to 4.86 USD are expected. This corresponds to a dividend yield of 1.79 %.
In which sector is Reliance located?
Reliance is assigned to the 'Commodities' sector.
Wann musste ich die Aktien von Reliance kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Reliance from 8/30/2024 amounting to 1.1 USD, you needed to have the stock in your portfolio before the ex-date on 8/16/2024.
When did Reliance pay the last dividend?
The last dividend was paid out on 8/30/2024.
What was the dividend of Reliance in the year 2023?
In the year 2023, Reliance distributed 3.5 USD as dividends.
In which currency does Reliance pay out the dividend?
The dividends of Reliance are distributed in USD.
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Andere Kennzahlen von Reliance
Our stock analysis for Reliance Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Reliance Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
