Reliance Steel & Aluminum Co (RS)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,335,900 | 1,413,700 | 1,512,200 | 1,699,900 | 1,840,100 | 1,910,900 | 1,913,100 | 1,669,400 | 1,413,000 | 1,122,200 | 824,100 | 575,200 | 370,000 | 405,800 | 470,900 | 573,800 | 702,200 | 623,200 | 608,800 | 656,500 |
| 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 |
| Net profit margin | 9.02% | 9.36% | 9.62% | 10.30% | 10.81% | 10.98% | 11.25% | 10.61% | 10.03% | 9.17% | 7.87% | 6.34% | 4.20% | 4.44% | 4.83% | 5.41% | 6.40% | 5.53% | 5.26% | 5.61% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,335,900K ÷ $14,805,900K
= 9.02%
The net profit margin of Reliance Steel & Aluminum Co. has shown a gradual decline over the past eight quarters, from 11.25% in Q2 2022 to 9.02% in Q4 2023. This downward trend indicates a decreasing percentage of each dollar of revenue that translates into net income for the company. Despite fluctuations, the net profit margin has generally remained above 9% during this period, reflecting a consistent ability to generate profits relative to its total revenue. It is recommended to further investigate the reasons behind this decreasing trend to assess the company's profitability and financial health.