Reliance Dividends Paid vs Free Cash Flow Analysis

RS Stock

USD 280.07 7.75 2.69%

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 Dividends Paid and its Free Cash Flow 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.

Dividends Paid vs Free Cash Flow

Dividends Paid vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reliance Steel Aluminum Dividends Paid account and Free Cash Flow. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Reliance Steel's Dividends Paid and Free Cash Flow is 0.83. Overlapping area represents the amount of variation of Dividends Paid that can explain the historical movement of Free Cash Flow 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 Dividends Paid and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividends Paid of Reliance Steel Aluminum are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Dividends Paid i.e., Reliance Steel's Dividends Paid and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Dividends Paid

The total amount of dividends that a company has paid out to its shareholders over a specific period.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

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 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	0.76	0.7	0.96	0.98	0.1	0.93	0.76	0.68	0.98	0.0	0.68	0.95	0.45	0.53	0.79	0.91	-0.23	0.66	0.97	0.34	0.85	0.65	-0.34	-0.34
Short Long Term Debt Total	0.59		0.75	0.59	0.36	0.53	0.82	0.29	0.62	-0.06	0.7	-0.02	-0.06	0.54	0.75	0.96	0.81	0.3	-0.17	0.98	0.44	0.26	0.13	0.94	0.25	0.25
Other Current Liab	0.76	0.75		0.84	0.64	0.69	0.44	0.59	0.94	0.24	0.78	-0.1	0.24	0.81	0.48	0.71	0.96	0.6	-0.1	0.85	0.7	0.32	0.52	0.8	-0.11	-0.11
Total Current Liabilities	0.7	0.59	0.84		0.63	0.63	0.21	0.61	0.81	0.42	0.68	-0.44	0.42	0.75	0.3	0.44	0.81	0.56	-0.14	0.69	0.69	0.77	0.58	0.62	-0.22	-0.22
Total Stockholder Equity	0.96	0.36	0.64	0.63		0.97	-0.17	0.99	0.68	0.82	0.9	-0.01	0.82	0.93	0.24	0.29	0.66	0.96	-0.23	0.45	0.98	0.33	0.94	0.43	-0.51	-0.51
Property Plant And Equipment Net	0.98	0.53	0.69	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	0.59	0.95	0.31	0.85	0.58	-0.41	-0.41
Net Debt	0.1	0.82	0.44	0.21	-0.17	0.03		-0.24	0.28	-0.61	0.26	0.16	-0.61	0.08	0.72	0.85	0.47	-0.19	-0.02	0.76	-0.09	-0.04	-0.39	0.76	0.57	0.57
Retained Earnings	0.93	0.29	0.59	0.61	0.99	0.95	-0.24		0.63	0.85	0.85	-0.02	0.85	0.9	0.12	0.21	0.61	0.95	-0.25	0.37	0.96	0.33	0.95	0.33	-0.63	-0.63
Accounts Payable	0.76	0.62	0.94	0.81	0.68	0.67	0.28	0.63		0.35	0.74	-0.13	0.35	0.83	0.43	0.59	0.92	0.7	0.07	0.75	0.74	0.27	0.58	0.7	-0.13	-0.13
Cash	0.68	-0.06	0.24	0.42	0.82	0.71	-0.61	0.85	0.35		0.55	-0.27	1.0	0.63	-0.19	-0.15	0.27	0.79	-0.21	0.02	0.79	0.39	0.88	-0.03	-0.66	-0.66
Non Current Assets Total	0.98	0.7	0.78	0.68	0.9	0.97	0.26	0.85	0.74	0.55		0.08	0.55	0.9	0.57	0.66	0.81	0.84	-0.23	0.76	0.9	0.31	0.74	0.76	-0.23	-0.23
Non Currrent Assets Other	0.0	-0.02	-0.1	-0.44	-0.01	0.08	0.16	-0.02	-0.13	-0.27	0.08		-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	0.68	-0.06	0.24	0.42	0.82	0.71	-0.61	0.85	0.35	1.0	0.55	-0.27		0.63	-0.19	-0.15	0.27	0.79	-0.21	0.02	0.79	0.39	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	0.34	0.87	0.59	-0.37	-0.37
Common Stock Shares Outstanding	0.45	0.75	0.48	0.3	0.24	0.38	0.72	0.12	0.43	-0.19	0.57	0.17	-0.19	0.38		0.8	0.51	0.21	0.15	0.75	0.29	0.03	-0.01	0.85	0.59	0.59
Non Current Liabilities Total	0.53	0.96	0.71	0.44	0.29	0.48	0.85	0.21	0.59	-0.15	0.66	0.14	-0.15	0.47	0.8		0.76	0.25	-0.1	0.95	0.36	0.04	0.05	0.95	0.36	0.36
Inventory	0.79	0.81	0.96	0.81	0.66	0.72	0.47	0.61	0.92	0.27	0.81	-0.09	0.27	0.8	0.51	0.76		0.61	-0.16	0.89	0.72	0.33	0.5	0.84	-0.07	-0.07
Other Current Assets	0.91	0.3	0.6	0.56	0.96	0.91	-0.19	0.95	0.7	0.79	0.84	0.04	0.79	0.91	0.21	0.25	0.61		-0.02	0.39	0.95	0.22	0.93	0.37	-0.5	-0.5
Other Stockholder Equity	-0.23	-0.17	-0.1	-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		-0.12	-0.21	-0.22	-0.25	-0.09	0.22	0.22
Total Liab	0.66	0.98	0.85	0.69	0.45	0.59	0.76	0.37	0.75	0.02	0.76	-0.03	0.02	0.63	0.75	0.95	0.89	0.39	-0.12		0.52	0.29	0.23	0.97	0.22	0.22
Total Current Assets	0.97	0.44	0.7	0.69	0.98	0.95	-0.09	0.96	0.74	0.79	0.9	-0.1	0.79	0.97	0.29	0.36	0.72	0.95	-0.21	0.52		0.36	0.93	0.49	-0.45	-0.45
Short Term Debt	0.34	0.26	0.32	0.77	0.33	0.31	-0.04	0.33	0.27	0.39	0.31	-0.65	0.39	0.34	0.03	0.04	0.33	0.22	-0.22	0.29	0.36		0.35	0.23	-0.2	-0.2
Property Plant And Equipment Gross	0.85	0.13	0.52	0.58	0.94	0.85	-0.39	0.95	0.58	0.88	0.74	-0.09	0.88	0.87	-0.01	0.05	0.5	0.93	-0.25	0.23	0.93	0.35		0.2	-0.61	-0.61
Intangible Assets	0.65	0.94	0.8	0.62	0.43	0.58	0.76	0.33	0.7	-0.03	0.76	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	-0.11	-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	-0.2	-0.61	0.36		1.0
Common Stock	-0.34	0.25	-0.11	-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	-0.2	-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	11.0B
Short Long Term Debt Total	1.8B	1.9B	1.9B	1.9B	1.4B	1.2B
Other Current Liab	282.9M	245.7M	424.6M	349.7M	320.6M	182.0M
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	5.7B	6.0B
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	11.0B
Non Current Liabilities Total	2.2B	2.4B	2.4B	1.9B	1.9B	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	2.7B	2.0B
Total Current Assets	3.0B	3.1B	4.2B	4.9B	4.8B	5.0B
Short Term Debt	117.4M	108M	122.2M	613.2M	112.7M	90.3M
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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