Reliance Income Tax Expense from 2010 to 2024

RS Stock  USD 268.47  11.60  4.14%   
Reliance Steel Income Tax Expense yearly trend continues to be comparatively stable with very little volatility. Income Tax Expense is likely to outpace its year average in 2024. From the period from 2010 to 2024, Reliance Steel Income Tax Expense quarterly data regression had mean square error of 16516.2 T and mean deviation of  131,549,333. View All Fundamentals
 
Income Tax Expense  
First Reported
1993-03-31
Previous Quarter
81.4 M
Current Value
60.6 M
Quarterly Volatility
41.9 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Reliance Steel financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Reliance Steel's main balance sheet or income statement drivers, such as Depreciation And Amortization of 257.7 M, Interest Expense of 48.2 M or Total Revenue of 15.5 B, as well as many indicators such as Price To Sales Ratio of 1.16, Dividend Yield of 0.0105 or PTB Ratio of 1.13. Reliance financial statements analysis is a perfect complement when working with Reliance Steel Valuation or Volatility modules.
  
Check out the analysis of Reliance Steel Correlation against competitors.

Latest Reliance Steel's Income Tax Expense Growth Pattern

Below is the plot of the Income Tax Expense of Reliance Steel Aluminum over the last few years. It is Reliance Steel's Income Tax Expense historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Reliance Steel's overall financial position and show how it may be relating to other accounts over time.
Income Tax Expense10 Years Trend
Slightly volatile
   Income Tax Expense   
       Timeline  

Reliance Income Tax Expense Regression Statistics

Arithmetic Mean221,942,000
Coefficient Of Variation77.96
Mean Deviation131,549,333
Median170,000,000
Standard Deviation173,020,840
Sample Variance29936.2T
Range623.4M
R-Value0.70
Mean Square Error16516.2T
R-Squared0.49
Significance0
Slope27,018,250
Total Sum of Squares419107T

Reliance Income Tax Expense History

2024420.6 M
2023400.6 M
2022586.2 M
2021465.7 M
2020105.8 M
2019223.2 M
2018208.8 M

About Reliance Steel Financial Statements

Reliance Steel shareholders use historical fundamental indicators, such as Income Tax Expense, to determine how well the company is positioned to perform in the future. Although Reliance Steel investors may analyze each financial statement separately, they are all interrelated. The changes in Reliance Steel's assets and liabilities, for example, are also reflected in the revenues and expenses on on Reliance Steel's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Income Tax Expense400.6 M420.6 M

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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.