Russel Change To Netincome vs Free Cash Flow Analysis

RUS Stock

CAD 44.95 0.56 1.23%

Russel Metals financial indicator trend analysis is much more than just breaking down Russel Metals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Russel Metals is a good investment. Please check the relationship between Russel Metals Change To Netincome and its Free Cash Flow accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Russel Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Change To Netincome vs Free Cash Flow

Change To Netincome vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Russel Metals Change To Netincome account and Free Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Russel Metals' Change To Netincome and Free Cash Flow is -0.38. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Russel Metals, assuming nothing else is changed. The correlation between historical values of Russel Metals' Change To Netincome 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 Change To Netincome of Russel Metals 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 Change To Netincome i.e., Russel Metals' Change To Netincome and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.38

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Change To Netincome

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 Russel Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Russel Metals 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 Russel Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Russel Metals' Enterprise Value Over EBITDA is very stable compared to the past year. As of the 13th of December 2024, Enterprise Value Multiple is likely to grow to 6.29, while Selling General Administrative is likely to drop about 336.2 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.2B	1.1B	956.5M	1.0B
Total Revenue	4.2B	5.1B	4.5B	2.8B

Gross Profit Total Revenue

Russel Metals 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	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Good Will	Common Stock Total Equity
Total Assets		0.47	-0.59	0.69	0.7	0.73	-0.11	0.63	0.89	0.31	0.75	-0.25	0.31	0.85	0.55	0.58	0.88	0.39	-0.48	0.8	0.55	0.98	-0.07	0.61	0.32	0.62
Short Long Term Debt Total	0.47		-0.29	0.52	0.08	0.27	0.63	-0.03	0.38	-0.3	0.34	-0.45	-0.3	0.65	0.31	0.74	0.69	0.0	-0.53	0.78	-0.1	0.47	0.48	0.58	0.39	0.2
Other Current Liab	-0.59	-0.29		-0.37	-0.58	-0.33	0.14	-0.41	-0.55	-0.31	-0.19	0.72	-0.31	-0.59	-0.81	-0.3	-0.68	0.23	0.42	-0.43	-0.29	-0.66	-0.06	-0.41	-0.11	-0.51
Total Current Liabilities	0.69	0.52	-0.37		0.36	0.26	0.16	0.28	0.84	0.04	0.29	-0.23	0.04	0.82	0.38	0.27	0.8	0.3	-0.36	0.83	0.25	0.74	0.42	0.28	0.15	0.32
Total Stockholder Equity	0.7	0.08	-0.58	0.36		0.6	-0.63	0.97	0.59	0.82	0.53	0.06	0.82	0.48	0.41	0.21	0.5	0.37	-0.43	0.36	0.9	0.68	-0.27	0.26	0.13	0.81
Property Plant And Equipment Net	0.73	0.27	-0.33	0.26	0.6		-0.15	0.56	0.44	0.27	0.88	0.15	0.27	0.38	0.1	0.31	0.5	0.71	-0.46	0.36	0.69	0.6	-0.16	0.49	-0.07	0.69
Net Debt	-0.11	0.63	0.14	0.16	-0.63	-0.15		-0.71	-0.04	-0.92	0.0	-0.42	-0.92	0.22	0.01	0.43	0.24	-0.2	-0.17	0.36	-0.66	-0.13	0.42	0.38	0.24	-0.46
Retained Earnings	0.63	-0.03	-0.41	0.28	0.97	0.56	-0.71		0.52	0.87	0.51	0.23	0.87	0.38	0.3	0.17	0.37	0.42	-0.28	0.28	0.93	0.6	-0.38	0.15	0.14	0.72
Accounts Payable	0.89	0.38	-0.55	0.84	0.59	0.44	-0.04	0.52		0.21	0.53	-0.32	0.21	0.93	0.63	0.51	0.89	0.24	-0.34	0.86	0.42	0.92	-0.08	0.48	0.38	0.4
Cash	0.31	-0.3	-0.31	0.04	0.82	0.27	-0.92	0.87	0.21		0.13	0.3	1.0	0.02	0.13	-0.18	0.01	0.22	-0.06	-0.08	0.77	0.34	-0.29	-0.2	-0.1	0.65
Non Current Assets Total	0.75	0.34	-0.19	0.29	0.53	0.88	0.0	0.51	0.53	0.13		0.14	0.13	0.5	0.13	0.55	0.54	0.65	-0.55	0.52	0.61	0.6	-0.3	0.73	0.34	0.51
Non Currrent Assets Other	-0.25	-0.45	0.72	-0.23	0.06	0.15	-0.42	0.23	-0.32	0.3	0.14		0.3	-0.51	-0.8	-0.46	-0.54	0.67	0.22	-0.42	0.42	-0.34	-0.21	-0.42	-0.33	0.04
Cash And Short Term Investments	0.31	-0.3	-0.31	0.04	0.82	0.27	-0.92	0.87	0.21	1.0	0.13	0.3		0.02	0.13	-0.18	0.01	0.22	-0.06	-0.08	0.77	0.34	-0.29	-0.2	-0.1	0.65
Net Receivables	0.85	0.65	-0.59	0.82	0.48	0.38	0.22	0.38	0.93	0.02	0.5	-0.51	0.02		0.7	0.71	0.96	0.08	-0.46	0.96	0.25	0.88	0.06	0.63	0.52	0.34
Common Stock Shares Outstanding	0.55	0.31	-0.81	0.38	0.41	0.1	0.01	0.3	0.63	0.13	0.13	-0.8	0.13	0.7		0.51	0.69	-0.41	-0.22	0.55	0.07	0.63	-0.12	0.44	0.45	0.21
Non Current Liabilities Total	0.58	0.74	-0.3	0.27	0.21	0.31	0.43	0.17	0.51	-0.18	0.55	-0.46	-0.18	0.71	0.51		0.66	-0.13	-0.41	0.76	0.01	0.53	-0.19	0.77	0.78	0.12
Inventory	0.88	0.69	-0.68	0.8	0.5	0.5	0.24	0.37	0.89	0.01	0.54	-0.54	0.01	0.96	0.69	0.66		0.14	-0.52	0.92	0.27	0.9	0.16	0.63	0.37	0.43
Other Current Assets	0.39	0.0	0.23	0.3	0.37	0.71	-0.2	0.42	0.24	0.22	0.65	0.67	0.22	0.08	-0.41	-0.13	0.14		-0.19	0.13	0.65	0.27	0.0	0.06	-0.3	0.38
Other Stockholder Equity	-0.48	-0.53	0.42	-0.36	-0.43	-0.46	-0.17	-0.28	-0.34	-0.06	-0.55	0.22	-0.06	-0.46	-0.22	-0.41	-0.52	-0.19		-0.48	-0.34	-0.41	-0.22	-0.76	-0.33	-0.57
Total Liab	0.8	0.78	-0.43	0.83	0.36	0.36	0.36	0.28	0.86	-0.08	0.52	-0.42	-0.08	0.96	0.55	0.76	0.92	0.13	-0.48		0.17	0.81	0.17	0.64	0.56	0.28
Property Plant And Equipment Gross	0.55	-0.1	-0.29	0.25	0.9	0.69	-0.66	0.93	0.42	0.77	0.61	0.42	0.77	0.25	0.07	0.01	0.27	0.65	-0.34	0.17		0.48	-0.33	0.15	-0.06	0.74
Total Current Assets	0.98	0.47	-0.66	0.74	0.68	0.6	-0.13	0.6	0.92	0.34	0.6	-0.34	0.34	0.88	0.63	0.53	0.9	0.27	-0.41	0.81	0.48		0.0	0.5	0.29	0.59
Short Term Debt	-0.07	0.48	-0.06	0.42	-0.27	-0.16	0.42	-0.38	-0.08	-0.29	-0.3	-0.21	-0.29	0.06	-0.12	-0.19	0.16	0.0	-0.22	0.17	-0.33	0.0		-0.11	-0.32	0.01
Intangible Assets	0.61	0.58	-0.41	0.28	0.26	0.49	0.38	0.15	0.48	-0.2	0.73	-0.42	-0.2	0.63	0.44	0.77	0.63	0.06	-0.76	0.64	0.15	0.5	-0.11		0.68	0.29
Good Will	0.32	0.39	-0.11	0.15	0.13	-0.07	0.24	0.14	0.38	-0.1	0.34	-0.33	-0.1	0.52	0.45	0.78	0.37	-0.3	-0.33	0.56	-0.06	0.29	-0.32	0.68		-0.06
Common Stock Total Equity	0.62	0.2	-0.51	0.32	0.81	0.69	-0.46	0.72	0.4	0.65	0.51	0.04	0.65	0.34	0.21	0.12	0.43	0.38	-0.57	0.28	0.74	0.59	0.01	0.29	-0.06

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Russel Metals Account Relationship Matchups

Russel Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.9B	1.6B	2.3B	2.5B	2.6B	1.5B
Short Long Term Debt Total	618.4M	399.4M	404.3M	422.9M	422.5M	366.2M
Other Current Liab	3.5M	6.1M	6.5M	4.2M	3.8M	3.6M
Total Current Liabilities	405.9M	315.2M	640.2M	501.5M	473.5M	401.9M
Total Stockholder Equity	944.6M	864.7M	1.2B	1.6B	1.6B	1.7B
Property Plant And Equipment Net	379M	350.9M	389.1M	416.5M	439.9M	253.3M
Net Debt	602.4M	373.1M	271.2M	59.9M	(206.7M)	(196.4M)
Retained Earnings	284.5M	212.5M	575.2M	844.6M	954.6M	1.0B
Accounts Payable	319.9M	290.4M	553.5M	477.8M	450M	330.0M
Cash	16M	26.3M	133.1M	363M	629.2M	660.7M
Non Current Assets Total	530.2M	476.2M	594.9M	637.4M	608.8M	358.1M
Non Currrent Assets Other	3.5M	3.4M	34.5M	46.6M	47.5M	49.9M
Cash And Short Term Investments	16M	26.3M	133.1M	363M	629.2M	660.7M
Net Receivables	477M	363.8M	570.2M	514.2M	465.6M	384.6M
Common Stock Shares Outstanding	62.2M	62.2M	62.8M	63.0M	61.6M	61.9M
Liabilities And Stockholders Equity	1.9B	1.6B	2.3B	2.5B	2.6B	1.5B
Non Current Liabilities Total	574.4M	416.4M	426M	446.1M	456.7M	351.8M
Inventory	883.6M	716.4M	986M	956.5M	840.3M	637.7M
Other Current Assets	18.1M	13.6M	30.3M	35.8M	26.2M	14.5M
Total Liab	980.3M	731.6M	1.1B	947.6M	930.2M	753.7M
Property Plant And Equipment Gross	379M	350.9M	834.7M	898.9M	946.4M	993.7M
Total Current Assets	1.4B	1.1B	1.7B	1.9B	2.0B	1.2B
Accumulated Other Comprehensive Income	100.7M	90.3M	90M	140.1M	118.7M	124.6M
Short Term Debt	79.2M	16.9M	15.8M	14.7M	15.7M	14.9M
Intangible Assets	86.4M	70.4M	83.2M	75.7M	68.9M	38.7M
Good Will	50.6M	39.2M	49M	50.8M	51.3M	53.1M
Common Stock Total Equity	536.6M	542.1M	543.7M	546.2M	628.1M	576.4M
Common Stock	543.7M	546.2M	571M	562.4M	556.3M	586.4M
Other Liab	35.2M	33.9M	37.5M	37.9M	34.1M	37.7M
Net Tangible Assets	807.6M	755.1M	1.1B	1.4B	1.6B	956.6M
Other Assets	14.2M	15.7M	36M	47.8M	55.0M	57.7M
Long Term Debt	444.8M	293.7M	294.8M	296M	297.2M	281.7M
Property Plant Equipment	379M	350.9M	389.1M	416.5M	479.0M	335.2M
Long Term Debt Total	539.2M	382.5M	388.5M	408.2M	469.4M	432.8M

Pair Trading with Russel Metals

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Russel Metals position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Russel Metals will appreciate offsetting losses from the drop in the long position's value.

Moving together with Russel Stock

0.7	AAPL	Apple Inc CDR	Pair Corr
0.85	AMZN	Amazon CDR	Pair Corr
0.66	GOOG	Alphabet CDR	Pair Corr

The ability to find closely correlated positions to Russel Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Russel Metals when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Russel Metals - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Russel Metals to buy it.

The correlation of Russel Metals is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Russel Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Russel Metals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Russel Metals can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Russel Stock

Balance Sheet is a snapshot of the financial position of Russel Metals at a specified time, usually calculated after every quarter, six months, or one year. Russel Metals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Russel Metals and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Russel currently owns. An asset can also be divided into two categories, current and non-current.

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Russel Change To Netincome vs Free Cash Flow Analysis

Change To Netincome vs Free Cash Flow

Change To Netincome vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Change To Netincome

Free Cash Flow

Russel Metals fundamental ratios Correlations

Russel Metals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Russel Metals fundamental ratios Accounts

Pair Trading with Russel Metals

Moving together with Russel Stock

Other Information on Investing in Russel Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 0.98	Total Assets
Retained Earnings	+ 0.97	Total Stockholder Equity
Inventory	+ 0.96	Net Receivables
Total Liab	+ 0.96	Net Receivables
Property Plant And Equipment Gross	+ 0.93	Retained Earnings

Cash And Short Term Investments	- 0.92	Net Debt
Cash	- 0.92	Net Debt
Common Stock Shares Outstanding	- 0.81	Other Current Liab
Common Stock Shares Outstanding	- 0.8	Non Currrent Assets Other
Intangible Assets	- 0.76	Other Stockholder Equity
Retained Earnings	- 0.71	Net Debt