Reliance (RS) Asset Writedowns and Impairment (2015 - 2023)

Reliance (RS) reported Asset Writedowns and Impairment of -$4.2 million for Q4 2023, up 25.0% year-over-year from -$3.4 million in Q4 2022, and down 1150.0% quarter-over-quarter from $400000.0 in Q3 2023.

Reliance (RS) Asset Writedowns and Impairment (2015 - 2023) Analysis & Trends

Reliance (RS) has 9 years of Asset Writedowns and Impairment data on file, last reported at -$4.2 million in Q4 2023.

  • Asset Writedowns and Impairment for Q4 2023 came in at -$4.2 million, up 25.0% year-over-year; the trailing twelve-month figure through Dec 2023 was -$10.4 million (changed N/A YoY), and the FY2024 annual result was $500000.0, changed N/A from the prior year.
  • Asset Writedowns and Impairment fell to -$4.2 million in Q4 2023 per RS's latest filing, from $400000.0 in the prior quarter.
  • Over five years, Asset Writedowns and Impairment peaked at $10.0 million in Q3 2020 and troughed at -$5.9 million in Q4 2021.
  • A 5-year average of $1.7 million and a median of $1.7 million in 2019 frame the typical range for Asset Writedowns and Impairment.
  • On a YoY basis, Asset Writedowns and Impairment climbed as much as 1000.0% in 2021 and fell as far as 162.11% in 2021.
  • A 5-year view of Asset Writedowns and Impairment shows it stood at -$2.6 million in 2019, then soared by 465.38% to $9.5 million in 2020, then tumbled by 162.11% to -$5.9 million in 2021, then gained by 5.08% to -$5.6 million in 2022, then advanced by 25.0% to -$4.2 million in 2023.
  • Business Quant data shows RS's Asset Writedowns and Impairment at -$4.2 million in Q4 2023, $400000.0 in Q3 2023, and -$5.6 million in Q4 2022.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Ternium 94.27 Bn 84.31 Bn 686.87 Mn
2 Nucor 58.23 Bn 56.84 Bn 1.50 Bn
3 ArcelorMittal 51.15 Bn 48.81 Bn -
4 Steel Dynamics 38.88 Bn 38.02 Bn 763.22 Mn
5 Reliance 20.36 Bn 20.12 Bn 1.17 Bn
6 Cleveland-Cliffs 7.71 Bn 7.86 Bn -82.00 Mn
7 Algoma Steel 2.77 Bn 2.77 Bn -92.32
8 National Steel 2.24 Bn -552.84 Mn 479.33 Mn
9 Worthington Steel 2.07 Bn 2.07 Bn 76.10 Mn
10 NWPX Infrastructure 1.13 Bn 1.11 Bn 26.67 Mn

Historic Data

Download Data
DateValue
Dec 31, 2023 -4.20 Mn
Dec 31, 2023 -4.20 Mn
Sep 30, 2023 400,000.00
Sep 30, 2023 400,000.00
Dec 31, 2022 -5.60 Mn
Dec 31, 2022 -5.60 Mn
Sep 30, 2022 -1.00 Mn
Sep 30, 2022 -1.00 Mn
Jun 30, 2022 3.10 Mn
Jun 30, 2022 3.10 Mn
Mar 31, 2022 3.50 Mn
Mar 31, 2022 3.50 Mn
Dec 31, 2021 -5.90 Mn
Dec 31, 2021 -5.90 Mn
Sep 30, 2021 3.90 Mn
Sep 30, 2021 3.90 Mn
Jun 30, 2021 2.20 Mn
Jun 30, 2021 2.20 Mn
Mar 31, 2021 4.50 Mn
Mar 31, 2021 4.50 Mn