Algoma Total Revenue vs Capex To Revenue Analysis

ASTL Stock

USD 11.07 0.19 1.69%

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 Total Revenue and its Capex To Revenue 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 estimate.

Total Revenue vs Capex To Revenue

Total Revenue vs Capex To Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Algoma Steel Group Total Revenue account and Capex To Revenue. At this time, the significance of the direction appears to have weak relationship.

The correlation between Algoma Steel's Total Revenue and Capex To Revenue is 0.3. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Capex To Revenue 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 Total Revenue and Capex To Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Algoma Steel Group are associated (or correlated) with its Capex To Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Revenue has no effect on the direction of Total Revenue i.e., Algoma Steel's Total Revenue and Capex To Revenue go up and down completely randomly.

Correlation Coefficient

0.3

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

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.

Capex To Revenue

The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.

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 estimate.

Enterprise Value is expected to rise to about 3.4 B this year, although the value of Tax Provision will most likely fall to about 37.7 M.

	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

Total Operating Expenses Cost Of Revenue

Algoma Steel fundamental ratios Correlations

	Total Assets	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	Intangible Assets	Common Stock	Property Plant Equipment
Total Assets		0.16	-0.03	0.86	-0.39	0.85	0.38	-0.71	0.62	0.12	0.48	0.23	0.27	-0.51	0.47	0.56	-0.59	-0.64	0.76	0.49	-0.41	-0.58	0.75	-0.28	0.94	0.02
Other Current Liab	0.16		0.93	-0.07	0.06	-0.05	0.32	-0.38	-0.31	0.22	-0.02	0.31	-0.3	0.32	-0.02	-0.06	-0.02	-0.81	-0.13	-0.09	0.58	0.22	-0.08	0.26	0.25	0.33
Total Current Liabilities	-0.03	0.93		-0.18	-0.04	-0.15	0.09	-0.11	-0.3	0.01	0.03	0.11	-0.15	0.23	0.03	-0.1	0.11	-0.64	-0.22	-0.14	0.55	0.22	-0.1	0.12	0.03	0.14
Total Stockholder Equity	0.86	-0.07	-0.18		-0.75	1.0	0.01	-0.36	0.92	-0.32	0.52	-0.22	0.68	-0.78	0.51	0.77	-0.76	-0.5	0.85	0.79	-0.77	-0.9	0.89	-0.69	0.81	-0.43
Other Liab	-0.39	0.06	-0.04	-0.75		-0.78	0.48	-0.2	-0.88	0.76	-0.49	0.65	-0.96	0.87	-0.49	-0.74	0.66	0.28	-0.62	-0.87	0.8	0.92	-0.77	0.97	-0.37	0.85
Net Tangible Assets	0.85	-0.05	-0.15	1.0	-0.78		0.02	-0.33	0.93	-0.32	0.48	-0.22	0.69	-0.78	0.48	0.75	-0.76	-0.51	0.85	0.79	-0.77	-0.9	0.87	-0.7	0.78	-0.45
Property Plant And Equipment Net	0.38	0.32	0.09	0.01	0.48	0.02		-0.46	-0.24	0.89	-0.52	0.94	-0.61	0.54	-0.52	-0.51	0.05	-0.36	0.24	-0.35	0.45	0.36	-0.32	0.59	0.24	0.79
Net Debt	-0.71	-0.38	-0.11	-0.36	-0.2	-0.33	-0.46		0.02	-0.46	-0.39	-0.43	0.35	-0.01	-0.39	-0.34	0.25	0.62	-0.15	-0.06	-0.14	0.01	-0.36	-0.33	-0.82	-0.44
Retained Earnings	0.62	-0.31	-0.3	0.92	-0.88	0.93	-0.24	0.02		-0.56	0.45	-0.45	0.89	-0.89	0.45	0.72	-0.7	-0.22	0.83	0.83	-0.92	-0.97	0.83	-0.89	0.53	-0.67
Accounts Payable	0.12	0.22	0.01	-0.32	0.76	-0.32	0.89	-0.46	-0.56		-0.51	0.94	-0.84	0.72	-0.52	-0.63	0.27	-0.09	-0.12	-0.56	0.63	0.65	-0.52	0.84	0.06	0.87
Cash	0.48	-0.02	0.03	0.52	-0.49	0.48	-0.52	-0.39	0.45	-0.51		-0.51	0.49	-0.76	1.0	0.85	-0.31	-0.22	0.17	0.45	-0.47	-0.53	0.84	-0.5	0.6	-0.48
Non Current Assets Total	0.23	0.31	0.11	-0.22	0.65	-0.22	0.94	-0.43	-0.45	0.94	-0.51		-0.73	0.64	-0.51	-0.62	0.19	-0.22	0.09	-0.48	0.59	0.52	-0.44	0.72	0.12	0.91
Non Currrent Assets Other	0.27	-0.3	-0.15	0.68	-0.96	0.69	-0.61	0.35	0.89	-0.84	0.49	-0.73		-0.91	0.49	0.7	-0.56	-0.03	0.58	0.8	-0.88	-0.91	0.74	-1.0	0.22	-0.88
Other Assets	-0.51	0.32	0.23	-0.78	0.87	-0.78	0.54	-0.01	-0.89	0.72	-0.76	0.64	-0.91		-0.76	-0.85	0.56	0.09	-0.59	-0.76	0.89	0.9	-0.92	0.9	-0.49	0.79
Cash And Short Term Investments	0.47	-0.02	0.03	0.51	-0.49	0.48	-0.52	-0.39	0.45	-0.52	1.0	-0.51	0.49	-0.76		0.85	-0.31	-0.22	0.16	0.45	-0.47	-0.53	0.84	-0.49	0.59	-0.48
Net Receivables	0.56	-0.06	-0.1	0.77	-0.74	0.75	-0.51	-0.34	0.72	-0.63	0.85	-0.62	0.7	-0.85	0.85		-0.65	-0.36	0.41	0.8	-0.73	-0.81	0.93	-0.7	0.7	-0.65
Common Stock Shares Outstanding	-0.59	-0.02	0.11	-0.76	0.66	-0.76	0.05	0.25	-0.7	0.27	-0.31	0.19	-0.56	0.56	-0.31	-0.65		0.45	-0.68	-0.84	0.63	0.76	-0.66	0.57	-0.64	0.38
Non Current Liabilities Total	-0.64	-0.81	-0.64	-0.5	0.28	-0.51	-0.36	0.62	-0.22	-0.09	-0.22	-0.22	-0.03	0.09	-0.22	-0.36	0.45		-0.36	-0.34	-0.1	0.27	-0.4	0.07	-0.7	-0.14
Inventory	0.76	-0.13	-0.22	0.85	-0.62	0.85	0.24	-0.15	0.83	-0.12	0.17	0.09	0.58	-0.59	0.16	0.41	-0.68	-0.36		0.68	-0.67	-0.79	0.64	-0.59	0.6	-0.2
Other Current Assets	0.49	-0.09	-0.14	0.79	-0.87	0.79	-0.35	-0.06	0.83	-0.56	0.45	-0.48	0.8	-0.76	0.45	0.8	-0.84	-0.34	0.68		-0.81	-0.92	0.78	-0.81	0.56	-0.66
Other Stockholder Equity	-0.41	0.58	0.55	-0.77	0.8	-0.77	0.45	-0.14	-0.92	0.63	-0.47	0.59	-0.88	0.89	-0.47	-0.73	0.63	-0.1	-0.67	-0.81		0.92	-0.77	0.87	-0.37	0.76
Total Liab	-0.58	0.22	0.22	-0.9	0.92	-0.9	0.36	0.01	-0.97	0.65	-0.53	0.52	-0.91	0.9	-0.53	-0.81	0.76	0.27	-0.79	-0.92	0.92		-0.87	0.92	-0.56	0.69
Total Current Assets	0.75	-0.08	-0.1	0.89	-0.77	0.87	-0.32	-0.36	0.83	-0.52	0.84	-0.44	0.74	-0.92	0.84	0.93	-0.66	-0.4	0.64	0.78	-0.77	-0.87		-0.74	0.78	-0.56
Intangible Assets	-0.28	0.26	0.12	-0.69	0.97	-0.7	0.59	-0.33	-0.89	0.84	-0.5	0.72	-1.0	0.9	-0.49	-0.7	0.57	0.07	-0.59	-0.81	0.87	0.92	-0.74		-0.24	0.88
Common Stock	0.94	0.25	0.03	0.81	-0.37	0.78	0.24	-0.82	0.53	0.06	0.6	0.12	0.22	-0.49	0.59	0.7	-0.64	-0.7	0.6	0.56	-0.37	-0.56	0.78	-0.24		-0.01
Property Plant Equipment	0.02	0.33	0.14	-0.43	0.85	-0.45	0.79	-0.44	-0.67	0.87	-0.48	0.91	-0.88	0.79	-0.48	-0.65	0.38	-0.14	-0.2	-0.66	0.76	0.69	-0.56	0.88	-0.01

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Algoma Steel Account Relationship Matchups

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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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Largest Diversified Metals & Mining Companies

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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 estimate.

You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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.

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Algoma Total Revenue vs Capex To Revenue Analysis

Total Revenue vs Capex To Revenue

Total Revenue vs Capex To Revenue Correlation Analysis

Correlation Coefficient

Total Revenue

Capex To Revenue

Algoma Steel fundamental ratios Correlations

Algoma Steel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Net Tangible Assets	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Intangible Assets	+ 0.97	Other Liab
Common Stock	+ 0.94	Total Assets
Non Current Assets Total	+ 0.94	Property Plant And Equipment Net
Non Current Assets Total	+ 0.94	Accounts Payable

Intangible Assets	- 1.0	Non Currrent Assets Other
Total Liab	- 0.97	Retained Earnings
Non Currrent Assets Other	- 0.96	Other Liab
Total Liab	- 0.92	Other Current Assets
Total Current Assets	- 0.92	Other Assets
Other Stockholder Equity	- 0.92	Retained Earnings