Reliance Steel & Aluminum Co (RS)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,739,500 | 2,506,900 | 1,948,900 | 565,800 | 1,013,500 |
| Revenue | US$ in thousands | 14,805,900 | 17,025,000 | 14,093,300 | 8,811,900 | 10,973,800 |
| Operating profit margin | 11.75% | 14.72% | 13.83% | 6.42% | 9.24% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,739,500K ÷ $14,805,900K
= 11.75%
Reliance Steel & Aluminum Co.'s operating profit margin has shown variability over the past five years. In 2023, the operating profit margin was 11.75%, down from 14.72% in 2022 but higher than the margins reported in 2021 (13.86%), 2020 (7.65%), and 2019 (9.25%). This fluctuation indicates changes in the company's ability to generate profits from its core operations. It is essential to further investigate the reasons behind the fluctuations to understand the company's operational efficiency, cost management, pricing strategies, and overall performance in the respective years.
Peer comparison
Dec 31, 2023
Company name
Symbol
Operating profit margin
Reliance Steel & Aluminum Co
RS
11.75%
Olympic Steel Inc
ZEUS
3.60%