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| Date | Value |
|---|---|
| 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 |