What is the ROE (Return on Equity) of Reliance this year?
The ROE of Reliance this year is 0.17 undefined.
Reliance ROE 2024
Reliance ROE
0.17
Ticker
RS
ISIN
US7595091023
WKN
892629
In 2024, Reliance's return on equity (ROE) was 0.17, a -33.37% increase from the 0.26 ROE 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.ROE Details
Decoding Reliance's Return on Equity (ROE)
Reliance's Return on Equity (ROE) is a fundamental metric evaluating the company's profitability relative to its equity. Calculated by dividing net income by shareholder's equity, ROE illustrates how effectively the company is generating profits from shareholders’ investments. A higher ROE represents enhanced efficiency and profitability.
Year-to-Year Comparison
Analyzing Reliance's ROE on a yearly basis aids in tracking its profitability trends and financial performance. An increasing ROE suggests enhanced profitability and value generation for shareholders, whereas a declining ROE may indicate issues in profit generation or equity management.
Impact on Investments
Reliance's ROE is instrumental for investors assessing the company's profitability, efficiency, and investment attractiveness. A robust ROE indicates the firm’s adeptness at converting equity investments into profits, thereby enhancing its appeal to potential and current investors.
Interpreting ROE Fluctuations
Changes in Reliance’s ROE can emanate from variations in net income, equity capital, or both. These fluctuations are scrutinized to evaluate management’s effectiveness, financial strategies, and the inherent risks and opportunities, aiding investors in making informed decisions.
Frequently Asked Questions about Reliance stock
How has the Return on Equity (ROE) of Reliance developed compared to the previous year?
The ROE of Reliance has increased by -33.37% decreased compared to the previous year.
What impact does a high ROE (Return on Equity) have on investors of Reliance?
A high ROE indicates that Reliance generates good returns on capital and is successful in monetizing its investments. This is a positive indicator for investors.
What impact does a low ROE (Return on Equity) have on investors of Reliance?
A low ROE can indicate that Reliance is having difficulties monetizing its investments successfully and can be a negative signal for investors.
How does a change in the ROE (Return on Equity) of Reliance affect the company?
A change in ROE (Return on Equity) of Reliance can be an indicator of the financial performance of the company and demonstrate how successful the company is compared to other companies in the same industry.
How to calculate the ROE (Return on Equity) of Reliance?
The ROE (Return on Equity) is calculated by dividing the company's profit by the total equity. The formula is: ROE = Profit / Total equity.
Which factors influence the ROE (Return on Equity) of Reliance?
Some factors that can influence Reliance's Return on Equity (ROE) include the efficiency in using equity, the profitability of the company, and the financing structure.
What strategic measures can take to improve the ROE (Return on Equity)?
To improve the Return on Equity (ROE), can take measures such as cost savings, increasing revenue, improving efficiency in the use of equity, and making changes in the financing structure. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic actions to improve ROE.
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.
