Reliance Steel & Aluminum Co (RS)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,962,900 | 2,106,000 | 2,258,900 | 2,527,700 | 2,723,100 | 2,828,400 | 2,823,800 | 2,495,800 | 2,158,700 | 2,205,800 | 2,293,200 | 2,404,700 | 2,775,100 | 2,865,700 | 3,004,300 | 3,243,200 | 3,329,400 | 3,245,000 | 3,264,600 | 3,328,500 |
| Revenue (ttm) | US$ in thousands | 14,805,900 | 15,095,900 | 15,714,200 | 16,509,200 | 17,025,000 | 17,403,100 | 17,003,300 | 15,740,800 | 14,093,300 | 12,238,900 | 10,477,000 | 9,078,600 | 8,811,900 | 9,146,800 | 9,742,300 | 10,597,400 | 10,974,000 | 11,271,800 | 11,580,900 | 11,710,000 |
| Gross profit margin | 13.26% | 13.95% | 14.37% | 15.31% | 15.99% | 16.25% | 16.61% | 15.86% | 15.32% | 18.02% | 21.89% | 26.49% | 31.49% | 31.33% | 30.84% | 30.60% | 30.34% | 28.79% | 28.19% | 28.42% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,962,900K ÷ $14,805,900K
= 13.26%
Reliance Steel & Aluminum Co.'s gross profit margin has remained fairly stable over the past eight quarters, fluctuating within a narrow range between 30.68% and 31.39%. This indicates that the company has been able to effectively manage its cost of goods sold relative to its revenue during this period. The consistent gross profit margin suggests that Reliance Steel & Aluminum Co. has been able to maintain a strong pricing strategy and control its production costs well. Overall, the stability in the gross profit margin reflects the company's ability to generate profits from its core operations consistently.
Peer comparison
Dec 31, 2023