Algoma Payout Ratio vs Roic Analysis

ASTL Stock

15.71 0.21 1.32%

Algoma Steel financial indicator trend analysis is way more than just evaluating Algoma Steel Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Algoma Steel Group is a good investment. Please check the relationship between Algoma Steel Payout Ratio and its Roic accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algoma Steel Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Payout Ratio vs Roic

Payout Ratio vs Roic Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Algoma Steel Group Payout Ratio account and Roic. At this time, the significance of the direction appears to have very week relationship.

The correlation between Algoma Steel's Payout Ratio and Roic is 0.21. Overlapping area represents the amount of variation of Payout Ratio that can explain the historical movement of Roic in the same time period over historical financial statements of Algoma Steel Group, assuming nothing else is changed. The correlation between historical values of Algoma Steel's Payout Ratio and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payout Ratio of Algoma Steel Group are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Payout Ratio i.e., Algoma Steel's Payout Ratio and Roic go up and down completely randomly.

Correlation Coefficient

0.21

Relationship Direction	Positive
Relationship Strength	Very Weak

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Payout Ratio

Payout Ratio is the proportion of Algoma Steel Group earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Algoma Steel Group dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Algoma Steel Group is paying out more in dividends than it makes in net income.

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.

Most indicators from Algoma Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Algoma Steel Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algoma Steel Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Algoma Steel's Tax Provision is very stable compared to the past year. As of the 23rd of November 2024, Enterprise Value is likely to grow to about 3.5 B, while Selling General Administrative is likely to drop about 93.3 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	103M	99.3M	114.7M	109.0M
Cost Of Revenue	2.3B	2.4B	2.5B	2.3B

Total Operating Expenses Cost Of Revenue

Algoma Steel fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets
Total Assets		-0.81	0.51	-0.03	0.86	-0.39	0.85	0.38	-0.79	0.62	0.38	0.48	0.22	-0.47	-0.51	0.48	0.61	-0.59	-0.55	0.76	-0.05	-0.67	-0.58	0.75	-0.43	-0.28
Short Long Term Debt Total	-0.81		-0.19	0.19	-0.99	0.79	-0.98	0.05	0.93	-0.92	-0.06	-0.49	0.27	0.76	0.78	-0.49	-0.86	0.82	0.81	-0.84	0.07	0.65	0.93	-0.88	0.49	0.72
Other Current Liab	0.51	-0.19		0.52	0.28	-0.17	0.31	0.51	-0.16	0.14	0.1	0.04	0.42	-0.02	-0.07	0.04	-0.03	-0.11	-0.31	0.35	0.59	0.12	-0.04	0.16	0.29	-0.02
Total Current Liabilities	-0.03	0.19	0.52		-0.15	-0.04	-0.15	0.09	0.13	-0.3	-0.09	0.03	0.11	0.23	0.23	0.03	-0.21	0.11	-0.3	-0.22	0.22	0.0	0.22	-0.1	0.88	0.12
Total Stockholder Equity	0.86	-0.99	0.28	-0.15		-0.76	1.0	0.0	-0.93	0.92	0.08	0.52	-0.23	-0.76	-0.78	0.52	0.83	-0.76	-0.8	0.85	0.04	-0.62	-0.9	0.89	-0.45	-0.69
Other Liab	-0.39	0.79	-0.17	-0.04	-0.76		-0.77	0.48	0.78	-0.88	0.49	-0.49	0.66	0.86	0.87	-0.49	-0.79	0.66	0.92	-0.62	-0.23	0.33	0.92	-0.77	0.05	0.97
Net Tangible Assets	0.85	-0.98	0.31	-0.15	1.0	-0.77		0.02	-0.92	0.93	0.07	0.48	-0.23	-0.76	-0.78	0.48	0.81	-0.76	-0.8	0.85	0.08	-0.58	-0.9	0.87	-0.44	-0.7
Property Plant And Equipment Net	0.38	0.05	0.51	0.09	0.0	0.48	0.02		0.25	-0.24	0.86	-0.52	0.94	0.58	0.54	-0.52	-0.47	0.05	0.3	0.24	0.12	0.13	0.36	-0.32	-0.13	0.59
Net Debt	-0.79	0.93	-0.16	0.13	-0.93	0.78	-0.92	0.25		-0.86	0.14	-0.77	0.41	0.88	0.88	-0.77	-0.96	0.73	0.81	-0.69	0.14	0.77	0.9	-0.99	0.41	0.73
Retained Earnings	0.62	-0.92	0.14	-0.3	0.92	-0.88	0.93	-0.24	-0.86		-0.18	0.45	-0.46	-0.87	-0.89	0.45	0.82	-0.7	-0.79	0.83	0.18	-0.41	-0.97	0.83	-0.43	-0.89
Accounts Payable	0.38	-0.06	0.1	-0.09	0.08	0.49	0.07	0.86	0.14	-0.18		-0.44	0.81	0.51	0.49	-0.44	-0.33	-0.07	0.26	0.28	-0.27	-0.19	0.22	-0.23	-0.3	0.55
Cash	0.48	-0.49	0.04	0.03	0.52	-0.49	0.48	-0.52	-0.77	0.45	-0.44		-0.51	-0.78	-0.76	1.0	0.81	-0.31	-0.54	0.17	-0.22	-0.7	-0.53	0.84	-0.13	-0.5
Non Current Assets Total	0.22	0.27	0.42	0.11	-0.23	0.66	-0.23	0.94	0.41	-0.46	0.81	-0.51		0.7	0.65	-0.51	-0.59	0.2	0.46	0.07	-0.04	0.14	0.53	-0.45	-0.04	0.73
Non Currrent Assets Other	-0.47	0.76	-0.02	0.23	-0.76	0.86	-0.76	0.58	0.88	-0.87	0.51	-0.78	0.7		1.0	-0.78	-0.92	0.54	0.75	-0.54	-0.08	0.49	0.89	-0.91	0.3	0.9
Other Assets	-0.51	0.78	-0.07	0.23	-0.78	0.87	-0.78	0.54	0.88	-0.89	0.49	-0.76	0.65	1.0		-0.76	-0.91	0.56	0.77	-0.59	-0.1	0.48	0.9	-0.92	0.31	0.9
Cash And Short Term Investments	0.48	-0.49	0.04	0.03	0.52	-0.49	0.48	-0.52	-0.77	0.45	-0.44	1.0	-0.51	-0.78	-0.76		0.81	-0.31	-0.54	0.17	-0.22	-0.7	-0.53	0.84	-0.13	-0.5
Net Receivables	0.61	-0.86	-0.03	-0.21	0.83	-0.79	0.81	-0.47	-0.96	0.82	-0.33	0.81	-0.59	-0.92	-0.91	0.81		-0.69	-0.75	0.54	-0.22	-0.72	-0.88	0.96	-0.43	-0.77
Common Stock Shares Outstanding	-0.59	0.82	-0.11	0.11	-0.76	0.66	-0.76	0.05	0.73	-0.7	-0.07	-0.31	0.2	0.54	0.56	-0.31	-0.69		0.68	-0.68	0.23	0.57	0.76	-0.66	0.37	0.57
Non Current Liabilities Total	-0.55	0.81	-0.31	-0.3	-0.8	0.92	-0.8	0.3	0.81	-0.79	0.26	-0.54	0.46	0.75	0.77	-0.54	-0.75	0.68		-0.65	-0.12	0.54	0.86	-0.8	-0.1	0.83
Inventory	0.76	-0.84	0.35	-0.22	0.85	-0.62	0.85	0.24	-0.69	0.83	0.28	0.17	0.07	-0.54	-0.59	0.17	0.54	-0.68	-0.65		0.12	-0.4	-0.79	0.64	-0.42	-0.59
Other Current Assets	-0.05	0.07	0.59	0.22	0.04	-0.23	0.08	0.12	0.14	0.18	-0.27	-0.22	-0.04	-0.08	-0.1	-0.22	-0.22	0.23	-0.12	0.12		0.65	0.0	-0.11	0.36	-0.23
Other Stockholder Equity	-0.67	0.65	0.12	0.0	-0.62	0.33	-0.58	0.13	0.77	-0.41	-0.19	-0.7	0.14	0.49	0.48	-0.7	-0.72	0.57	0.54	-0.4	0.65		0.55	-0.75	0.32	0.28
Total Liab	-0.58	0.93	-0.04	0.22	-0.9	0.92	-0.9	0.36	0.9	-0.97	0.22	-0.53	0.53	0.89	0.9	-0.53	-0.88	0.76	0.86	-0.79	0.0	0.55		-0.87	0.36	0.92
Total Current Assets	0.75	-0.88	0.16	-0.1	0.89	-0.77	0.87	-0.32	-0.99	0.83	-0.23	0.84	-0.45	-0.91	-0.92	0.84	0.96	-0.66	-0.8	0.64	-0.11	-0.75	-0.87		-0.35	-0.74
Short Term Debt	-0.43	0.49	0.29	0.88	-0.45	0.05	-0.44	-0.13	0.41	-0.43	-0.3	-0.13	-0.04	0.3	0.31	-0.13	-0.43	0.37	-0.1	-0.42	0.36	0.32	0.36	-0.35		0.11
Intangible Assets	-0.28	0.72	-0.02	0.12	-0.69	0.97	-0.7	0.59	0.73	-0.89	0.55	-0.5	0.73	0.9	0.9	-0.5	-0.77	0.57	0.83	-0.59	-0.23	0.28	0.92	-0.74	0.11

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Algoma Steel Account Relationship Matchups

When determining whether Algoma Steel Group is a strong investment it is important to analyze Algoma Steel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Algoma Steel's future performance. For an informed investment choice regarding Algoma Stock, refer to the following important reports:

How To Invest In Algoma

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Is Algoma Stock a good investment?

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What is Algoma Steel's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algoma Steel Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Please note, there is a significant difference between Algoma Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Algoma Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Algoma Steel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Algoma Payout Ratio vs Roic Analysis

Payout Ratio vs Roic

Payout Ratio vs Roic Correlation Analysis

Correlation Coefficient

Payout Ratio

Roic

Algoma Steel fundamental ratios Correlations

Algoma Steel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Tangible Assets	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Other Assets	+ 1.0	Non Currrent Assets Other
Intangible Assets	+ 0.97	Other Liab
Total Current Assets	+ 0.96	Net Receivables
Non Current Assets Total	+ 0.94	Property Plant And Equipment Net

Total Current Assets	- 0.99	Net Debt
Total Stockholder Equity	- 0.99	Short Long Term Debt Total
Net Tangible Assets	- 0.98	Short Long Term Debt Total
Total Liab	- 0.97	Retained Earnings
Net Receivables	- 0.96	Net Debt
Net Debt	- 0.93	Total Stockholder Equity