Reliance (RS) Deferred Taxes (2009 - 2022)
Reliance (RS) posted quarterly Deferred Taxes of -$5.6 million for Q4 2022, up 76.27% year-over-year from -$3.2 million in Q4 2021, and down 1300.0% quarter-over-quarter from -$400000.0 in Q3 2022.
Reliance (RS) Deferred Taxes (2009 - 2022) Analysis & Trends
Reliance (RS) has reported Deferred Taxes for 14 consecutive years, with -$5.6 million the latest figure, recorded in Q4 2022.
- In Q4 2022, Deferred Taxes rose 76.27% year-over-year to -$5.6 million; the TTM figure through Dec 2022 stood at -$6.7 million (up 71.85% YoY), while the FY2025 annual figure was $38.0 million, up 4.4% from the prior year.
- Deferred Taxes retreated to -$5.6 million in Q4 2022 per RS's latest filing, from -$400000.0 in the prior quarter.
- Across five years, Deferred Taxes topped out at $32.8 million in Q4 2019 and bottomed at -$33.5 million in Q1 2020.
- Historically, Deferred Taxes has averaged -$1.1 million across 5 years, with a median of -$100000.0 in 2019.
- On a YoY basis, Deferred Taxes climbed as much as 6700.0% in 2020 and fell as far as 33400.0% in 2020.
- Reliance's Deferred Taxes stood at $800000.0 in 2018, then surged by 4000.0% to $32.8 million in 2019, then tumbled by 60.37% to $13.0 million in 2020, then sank by 281.54% to -$23.6 million in 2021, then jumped by 76.27% to -$5.6 million in 2022.
- Business Quant data shows RS's Deferred Taxes at -$5.6 million in Q4 2022, -$400000.0 in Q3 2022, and -$300000.0 in Q2 2022.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 106.22 Bn | 96.33 Bn | 941.02 Mn | - |
| 2 | Nucor | 55.03 Bn | 52.34 Bn | 2.03 Bn | -27.00 Mn |
| 3 | ArcelorMittal | 54.04 Bn | 49.19 Bn | - | 142.00 Mn |
| 4 | Steel Dynamics | 31.61 Bn | 31.03 Bn | 958.97 Mn | 29.98 Mn |
| 5 | Reliance | 19.53 Bn | 19.29 Bn | 1.30 Bn | - |
| 6 | Cleveland-Cliffs | 6.15 Bn | 6.08 Bn | 132.00 Mn | -17.00 Mn |
| 7 | Gerdau | 5.42 Bn | 4.28 Bn | 558.98 Mn | - |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.56 Bn | 3.00 Bn | - | - |
| 9 | Posco Holdings | 4.34 Bn | 1.84 Bn | 1.04 Bn | 5.17 Mn |
| 10 | Worthington Steel | 1.70 Bn | 1.61 Bn | 118.80 Mn | -2.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2022 | -5.60 Mn |
| Sep 30, 2022 | -400,000.00 |
| Jun 30, 2022 | -300,000.00 |
| Mar 31, 2022 | -400,000.00 |
| Dec 31, 2021 | -23.60 Mn |
| Jun 30, 2021 | -100,000.00 |
| Mar 31, 2021 | -100,000.00 |
| Dec 31, 2020 | 13.00 Mn |
| Sep 30, 2020 | 6.60 Mn |
| Jun 30, 2020 | 200,000.00 |
| Mar 31, 2020 | -33.50 Mn |
| Dec 31, 2019 | 32.80 Mn |
| Sep 30, 2019 | -100,000.00 |
| Jun 30, 2019 | -100,000.00 |
| Mar 31, 2019 | -100,000.00 |
| Dec 31, 2018 | 800,000.00 |
| Sep 30, 2018 | -7.10 Mn |
| Jun 30, 2018 | -3.90 Mn |
| Mar 31, 2018 | 1.10 Mn |
| Dec 31, 2017 | -198.10 Mn |