Reliance Free Cash Flow vs Free Cash Flow Yield Analysis

RS Stock  USD 270.08  0.00  0.00%   
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 Free Cash Flow and its Free Cash Flow Yield 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.

Free Cash Flow vs Free Cash Flow Yield

Free Cash Flow vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reliance Steel Aluminum Free Cash Flow account and Free Cash Flow Yield. At this time, the significance of the direction appears to have strong relationship.
The correlation between Reliance Steel's Free Cash Flow and Free Cash Flow Yield is 0.66. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Free Cash Flow Yield 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 Free Cash Flow and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Reliance Steel Aluminum are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Free Cash Flow i.e., Reliance Steel's Free Cash Flow and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.66
Relationship DirectionPositive 
Relationship StrengthSignificant

Free Cash Flow

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

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.
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 Profit4.5B5.3B4.3B4.5B
Total Revenue14.1B17.0B14.8B15.5B

Reliance Steel fundamental ratios Correlations

0.590.760.70.960.980.10.930.760.680.980.00.680.950.450.530.790.91-0.230.660.970.340.850.65-0.34-0.34
0.590.750.590.360.530.820.290.62-0.060.7-0.02-0.060.540.750.960.810.3-0.170.980.440.260.130.940.250.25
0.760.750.840.640.690.440.590.940.240.78-0.10.240.810.480.710.960.6-0.10.850.70.320.520.8-0.11-0.11
0.70.590.840.630.630.210.610.810.420.68-0.440.420.750.30.440.810.56-0.140.690.690.770.580.62-0.22-0.22
0.960.360.640.630.97-0.170.990.680.820.9-0.010.820.930.240.290.660.96-0.230.450.980.330.940.43-0.51-0.51
0.980.530.690.630.970.030.950.670.710.970.080.710.910.380.480.720.91-0.270.590.950.310.850.58-0.41-0.41
0.10.820.440.21-0.170.03-0.240.28-0.610.260.16-0.610.080.720.850.47-0.19-0.020.76-0.09-0.04-0.390.760.570.57
0.930.290.590.610.990.95-0.240.630.850.85-0.020.850.90.120.210.610.95-0.250.370.960.330.950.33-0.63-0.63
0.760.620.940.810.680.670.280.630.350.74-0.130.350.830.430.590.920.70.070.750.740.270.580.7-0.13-0.13
0.68-0.060.240.420.820.71-0.610.850.350.55-0.271.00.63-0.19-0.150.270.79-0.210.020.790.390.88-0.03-0.66-0.66
0.980.70.780.680.90.970.260.850.740.550.080.550.90.570.660.810.84-0.230.760.90.310.740.76-0.23-0.23
0.0-0.02-0.1-0.44-0.010.080.16-0.02-0.13-0.270.08-0.27-0.070.170.14-0.090.04-0.02-0.03-0.1-0.65-0.090.040.030.03
0.68-0.060.240.420.820.71-0.610.850.351.00.55-0.270.63-0.19-0.150.270.79-0.210.020.790.390.88-0.03-0.66-0.66
0.950.540.810.750.930.910.080.90.830.630.9-0.070.630.380.470.80.91-0.160.630.970.340.870.59-0.37-0.37
0.450.750.480.30.240.380.720.120.43-0.190.570.17-0.190.380.80.510.210.150.750.290.03-0.010.850.590.59
0.530.960.710.440.290.480.850.210.59-0.150.660.14-0.150.470.80.760.25-0.10.950.360.040.050.950.360.36
0.790.810.960.810.660.720.470.610.920.270.81-0.090.270.80.510.760.61-0.160.890.720.330.50.84-0.07-0.07
0.910.30.60.560.960.91-0.190.950.70.790.840.040.790.910.210.250.61-0.020.390.950.220.930.37-0.5-0.5
-0.23-0.17-0.1-0.14-0.23-0.27-0.02-0.250.07-0.21-0.23-0.02-0.21-0.160.15-0.1-0.16-0.02-0.12-0.21-0.22-0.25-0.090.220.22
0.660.980.850.690.450.590.760.370.750.020.76-0.030.020.630.750.950.890.39-0.120.520.290.230.970.220.22
0.970.440.70.690.980.95-0.090.960.740.790.9-0.10.790.970.290.360.720.95-0.210.520.360.930.49-0.45-0.45
0.340.260.320.770.330.31-0.040.330.270.390.31-0.650.390.340.030.040.330.22-0.220.290.360.350.23-0.2-0.2
0.850.130.520.580.940.85-0.390.950.580.880.74-0.090.880.87-0.010.050.50.93-0.250.230.930.350.2-0.61-0.61
0.650.940.80.620.430.580.760.330.7-0.030.760.04-0.030.590.850.950.840.37-0.090.970.490.230.20.360.36
-0.340.25-0.11-0.22-0.51-0.410.57-0.63-0.13-0.66-0.230.03-0.66-0.370.590.36-0.07-0.50.220.22-0.45-0.2-0.610.361.0
-0.340.25-0.11-0.22-0.51-0.410.57-0.63-0.13-0.66-0.230.03-0.66-0.370.590.36-0.07-0.50.220.22-0.45-0.2-0.610.361.0
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Reliance Steel Account Relationship Matchups

Reliance Steel fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.1B8.1B9.5B10.3B10.5B11.0B
Short Long Term Debt Total1.8B1.9B1.9B1.9B1.4B1.2B
Other Current Liab282.9M245.7M424.6M349.7M320.6M182.0M
Total Current Liabilities675.3M613M1.1B1.4B843.6M518.0M
Total Stockholder Equity5.2B5.1B6.1B7.1B7.7B8.1B
Property Plant And Equipment Net2.0B2.0B2.1B2.2B2.5B2.6B
Net Debt1.6B1.2B1.6B691.9M297.1M282.2M
Retained Earnings5.2B5.2B6.2B7.2B7.8B8.2B
Accounts Payable275M259.3M453.9M412.4M410.3M235.3M
Cash174.3M683.5M300.5M1.2B1.1B1.1B
Non Current Assets Total5.1B5.0B5.4B5.4B5.7B6.0B
Non Currrent Assets Other89.3M115.5M129.2M(349.8M)136.3M143.1M
Cash And Short Term Investments174.3M683.5M300.5M1.2B1.1B1.1B
Net Receivables1.1B928.4M1.7B1.6B1.5B1.6B
Common Stock Shares Outstanding67.9M65.3M64.3M61.5M59.0M70.5M
Liabilities And Stockholders Equity8.1B8.1B9.5B10.3B10.5B11.0B
Non Current Liabilities Total2.2B2.4B2.4B1.9B1.9B1.5B
Inventory1.6B1.4B2.1B2.0B2.0B1.0B
Other Current Assets85.2M80.5M111.6M115.6M140.4M147.4M
Total Liab2.9B3.0B3.4B3.2B2.7B2.0B
Total Current Assets3.0B3.1B4.2B4.9B4.8B5.0B
Short Term Debt117.4M108M122.2M613.2M112.7M90.3M
Property Plant And Equipment Gross2.0B2.0B3.8B4.3B4.7B5.0B
Accumulated Other Comprehensive Income(105.1M)(77.9M)(68.9M)(86.3M)(76.7M)(72.9M)
Intangible Assets1.0B947.1M1.1B1.0B981.1M779.2M
Common Stock Total Equity594.6M136.4M122.2M100K90K85.5K
Common Stock594.6M136.4M122.2M100K90K85.5K
Other Assets89.3M320M129.2M126.8M1.00.95
Long Term Debt1.5B1.6B1.6B1.1B1.1B1.3B
Good Will2.0B1.9B2.1B2.1B2.1B1.4B
Property Plant Equipment1.8B1.8B2.1B2.2B2.5B1.3B
Other Liab568.6M578.1M572.8M554.1M637.2M350.2M
Net Tangible Assets2.3B2.4B2.9B4.0B4.6B4.8B
Noncontrolling Interest In Consolidated Entity7.9M7.5M7.3M7.2M6.5M12.3M
Retained Earnings Total Equity4.6B5.2B5.2B6.2B7.1B4.3B
Long Term Debt Total1.5B1.6B1.6B1.1B1.3B1.8B
Deferred Long Term Liab440.1M469.3M455.6M484.8M436.3M413.8M

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