Reliance Steel & Aluminum Co (RS)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,941,100 | 2,696,700 | 2,140,400 | 2,775,100 | 3,329,400 |
| Revenue | US$ in thousands | 14,805,900 | 17,025,000 | 14,093,300 | 8,811,900 | 10,973,800 |
| Gross profit margin | 13.11% | 15.84% | 15.19% | 31.49% | 30.34% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,941,100K ÷ $14,805,900K
= 13.11%
The gross profit margin of Reliance Steel & Aluminum Co. has shown some fluctuations over the past five years. The margin was at 30.34% in 2019, increased to 31.49% in 2020, decreased slightly to 31.86% in 2021, and then declined further to 30.84% in 2022. However, in the most recent year, as of Dec 31, 2023, the gross profit margin stood at 30.71%.
Despite the fluctuations, the company has generally maintained a gross profit margin in the range of 30-32% over the years, indicating that it has been able to effectively manage its production costs and generate profits from its core operations. It is important to further explore the reasons behind these fluctuations to assess the company's operational efficiency and profitability strategies in more detail.
Peer comparison
Dec 31, 2023