Algoma Historical Income Statement
| ASTL Stock | USD 11.37 0.12 1.07% |
Historical analysis of Algoma Steel income statement accounts such as Interest Expense of 38.6 M, Total Revenue of 2.7 B or Gross Profit of 337.1 M can show how well Algoma Steel Group performed in making a profits. Evaluating Algoma Steel income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Algoma Steel's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Algoma Steel Group latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Algoma Steel Group is a good buy for the upcoming year.
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About Algoma Income Statement Analysis
Algoma Steel Group Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Algoma Steel shareholders. The income statement also shows Algoma investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Algoma Steel Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Algoma Steel Group generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Algoma Steel Group. It is also known as Algoma Steel overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Algoma Steel Group income statement and represents the costs associated with goods and services Algoma Steel provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Algoma Steel Group financial statement analysis. It represents the amount of money remaining after all of Algoma Steel Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.Most accounts from Algoma Steel's income statement are interrelated and interconnected. However, analyzing income statement accounts 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 income statement accounts, 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 estimate. At this time, Algoma Steel's Income Tax Expense is quite stable compared to the past year.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 103M | 99.3M | 139.6M | 112.4M | Cost Of Revenue | 2.3B | 2.4B | 2.5B | 2.3B |
Algoma Steel income statement Correlations
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Algoma Steel Account Relationship Matchups
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Algoma Steel income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 128.5M | 87.2M | 87.1M | 98.9M | 115M | 83.6M | |
| Interest Expense | 78.9M | 84.3M | 58.6M | 17.2M | 42M | 38.6M | |
| Total Revenue | 2.0B | 1.8B | 3.8B | 2.8B | 2.8B | 2.7B | |
| Gross Profit | (80.1M) | 157.2M | 1.5B | 389.8M | 278.7M | 337.1M | |
| Other Operating Expenses | 2.1B | 1.7B | 2.4B | 2.5B | 2.6B | 2.5B | |
| Operating Income | (137M) | 84.8M | 1.4B | 290.5M | 167.3M | 235.0M | |
| Ebit | (137M) | 84.7M | 1.4B | 295M | 167.3M | 235.4M | |
| Ebitda | (8.5M) | 171.9M | 1.5B | 393.9M | 282.3M | 350.4M | |
| Cost Of Revenue | 2.0B | 1.6B | 2.3B | 2.4B | 2.5B | 2.3B | |
| Total Operating Expenses | 56.9M | 72.4M | 103M | 99.3M | 139.6M | 112.4M | |
| Income Before Tax | (180.2M) | (76.1M) | 1.2B | 376.1M | 144.9M | 121.4M | |
| Total Other Income Expense Net | (43.2M) | (160.9M) | (254.4M) | 85.6M | (22.4M) | (23.5M) | |
| Net Income Applicable To Common Shares | (175.9M) | (62M) | 857.7M | 298.5M | 343.3M | 360.4M | |
| Net Income | (175.9M) | (160.4M) | 857.7M | 298.5M | 105.2M | 60.5M | |
| Income Tax Expense | (4.3M) | 84.3M | 298.9M | 77.6M | 39.7M | 76.3M |
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Try AI Portfolio ArchitectCheck 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 estimate. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Algoma Steel. If investors know Algoma will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Algoma Steel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.93) | Dividend Share 0.236 | Earnings Share (1.04) | Revenue Per Share 22.941 | Quarterly Revenue Growth (0.18) |
The market value of Algoma Steel Group is measured differently than its book value, which is the value of Algoma that is recorded on the company's balance sheet. Investors also form their own opinion of Algoma Steel's value that differs from its market value or its book value, called intrinsic value, which is Algoma Steel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Algoma Steel's market value can be influenced by many factors that don't directly affect Algoma Steel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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.