Reliance Steel & Aluminum Co (RS)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,739,500 | 1,869,200 | 2,028,200 | 2,304,400 | 2,506,900 | 2,614,700 | 2,613,800 | 2,286,700 | 1,948,900 | 1,569,700 | 1,182,600 | 840,800 | 565,800 | 607,300 | 688,000 | 836,000 | 1,013,500 | 938,000 | 911,200 | 971,900 |
| Total assets | US$ in thousands | 10,480,300 | 10,492,900 | 10,440,400 | 10,203,200 | 10,329,900 | 10,202,200 | 10,402,700 | 10,114,200 | 9,536,000 | 9,252,400 | 8,930,000 | 8,549,000 | 8,106,800 | 7,998,700 | 7,724,100 | 8,085,500 | 8,131,100 | 8,130,900 | 8,327,100 | 8,504,200 |
| Operating ROA | 16.60% | 17.81% | 19.43% | 22.59% | 24.27% | 25.63% | 25.13% | 22.61% | 20.44% | 16.97% | 13.24% | 9.84% | 6.98% | 7.59% | 8.91% | 10.34% | 12.46% | 11.54% | 10.94% | 11.43% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,739,500K ÷ $10,480,300K
= 16.60%
Reliance Steel & Aluminum Co.'s operating return on assets (operating ROA) has shown a declining trend from Q1 2022 to Q4 2023. The trend indicates a decrease in the company's ability to generate operating income from its assets over time. The operating ROA decreased from 22.66% in Q1 2022 to 16.60% in Q4 2023. This suggests a potential decrease in operational efficiency and profitability relative to the assets employed by the company. It is important for the company to closely monitor and address the factors contributing to this decline to ensure sustainable performance and long-term value creation for stakeholders.
Peer comparison
Dec 31, 2023