Reliance Steel & Aluminum Co (RS)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 13,835,000 | 4,301,900 | 5,251,300 | 4,490,300 | 2,775,100 |
| Revenue | US$ in thousands | 13,835,000 | 14,805,900 | 17,025,000 | 14,093,300 | 8,811,900 |
| Gross profit margin | 100.00% | 29.06% | 30.84% | 31.86% | 31.49% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $13,835,000K ÷ $13,835,000K
= 100.00%
Reliance Steel & Aluminum Co's gross profit margin has shown a varying trend over the past five years. The margin started at 31.49% as of December 31, 2020, which slightly increased to 31.86% by the end of 2021. However, in 2022, there was a slight decline to 30.84%, followed by a more significant decrease to 29.06% in 2023.
In an unexpected turn, the gross profit margin dramatically increased to 100.00% as of December 31, 2024. While such a sudden spike to 100.00% is uncommon, it could be attributed to various factors like accounting adjustments, one-time gains, or changes in the business structure. It is important for stakeholders to scrutinize the underlying reasons for this sharp increase to assess the company's financial health accurately.