Reliance Steel & Aluminum Co (RS)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 875,200 | 1,042,600 | 1,138,400 | 1,255,700 | 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 | 1,121,300 | 823,200 | 574,300 | 369,100 | 405,100 | 470,200 | 573,100 |
| Total assets | US$ in thousands | 10,021,800 | 10,300,800 | 10,448,100 | 10,712,200 | 10,547,800 | 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 |
| ROA | 8.73% | 10.12% | 10.90% | 11.72% | 12.67% | 13.47% | 14.48% | 16.66% | 17.81% | 18.73% | 18.39% | 16.51% | 14.82% | 12.12% | 9.22% | 6.72% | 4.55% | 5.06% | 6.09% | 7.09% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $875,200K ÷ $10,021,800K
= 8.73%
Reliance Steel & Aluminum Co's return on assets (ROA) has shown a general trend of improvement over the past quarters, indicating increased efficiency in generating profits from its assets. The ROA increased from 7.09% in March 2020 to a peak of 18.73% in September 2022.
However, there was a slight decline in ROA in the following quarters, settling at 8.73% by December 2024. Despite the decrease in ROA towards the end of the period, Reliance Steel & Aluminum Co has maintained a relatively healthy return on its assets, indicating efficient utilization of its resources to generate earnings.