Algoma Asset Turnover vs Total Current Assets Analysis

ASTLW Stock

USD 1.87 0.02 1.06%

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 Asset Turnover and its Total Current Assets 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 bureau of economic analysis.

Asset Turnover vs Total Current Assets

Asset Turnover vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Algoma Steel Group Asset Turnover account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between Algoma Steel's Asset Turnover and Total Current Assets is 0.71. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Total Current Assets 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 Asset Turnover and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Algoma Steel Group are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Asset Turnover i.e., Algoma Steel's Asset Turnover and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

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Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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 bureau of economic analysis.

Enterprise Value is likely to climb to about 3.4 B in 2024, whereas Tax Provision is likely to drop slightly above 37.7 M in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	3.8B	2.8B	2.8B	2.7B
Depreciation And Amortization	87.1M	98.9M	115M	83.6M

Total Revenue Depreciation And Amortization

Algoma Steel fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	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	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Long Term Debt Total	Long Term Debt	Net Receivables	Other Current Assets	Net Invested Capital
Total Assets		0.19	-0.03	0.86	0.38	-0.72	0.62	0.11	0.47	0.23	0.27	0.41	0.47	-0.59	-0.64	0.76	-0.02	-0.58	0.75	-0.28	0.94	-0.92	-0.96	0.71	0.82	0.99
Other Current Liab	0.19		0.93	-0.06	0.35	-0.41	-0.31	0.24	0.01	0.34	-0.32	0.22	0.01	0.02	-0.81	-0.12	0.64	0.24	-0.06	0.28	0.26	-0.16	-0.19	0.19	0.27	0.23
Total Current Liabilities	-0.03	0.93		-0.18	0.09	-0.11	-0.3	0.0	0.03	0.11	-0.15	0.34	0.03	0.11	-0.64	-0.22	0.44	0.22	-0.1	0.12	0.03	0.05	0.04	0.03	0.08	0.01
Total Stockholder Equity	0.86	-0.06	-0.18		0.01	-0.37	0.92	-0.33	0.51	-0.22	0.68	0.61	0.51	-0.76	-0.5	0.85	-0.46	-0.9	0.89	-0.69	0.81	-0.91	-0.91	0.72	0.6	0.85
Property Plant And Equipment Net	0.38	0.35	0.09	0.01		-0.47	-0.24	0.88	-0.52	0.94	-0.61	-0.15	-0.52	0.05	-0.36	0.24	0.72	0.36	-0.32	0.59	0.24	-0.25	-0.29	-0.11	0.29	0.38
Net Debt	-0.72	-0.41	-0.11	-0.37	-0.47		0.01	-0.45	-0.38	-0.43	0.34	0.19	-0.38	0.26	0.63	-0.16	-0.51	0.02	-0.37	-0.32	-0.83	0.63	0.67	-0.72	-0.68	-0.7
Retained Earnings	0.62	-0.31	-0.3	0.92	-0.24	0.01		-0.57	0.45	-0.45	0.89	0.7	0.45	-0.7	-0.22	0.83	-0.75	-0.97	0.83	-0.89	0.53	-0.7	-0.69	0.49	0.37	0.62
Accounts Payable	0.11	0.24	0.0	-0.33	0.88	-0.45	-0.57		-0.53	0.93	-0.84	-0.46	-0.53	0.26	-0.09	-0.13	0.82	0.65	-0.53	0.84	0.05	0.04	0.01	-0.2	0.05	0.06
Cash	0.47	0.01	0.03	0.51	-0.52	-0.38	0.45	-0.53		-0.51	0.49	0.26	1.0	-0.31	-0.22	0.16	-0.41	-0.53	0.84	-0.49	0.59	-0.41	-0.44	0.71	0.58	0.47
Non Current Assets Total	0.23	0.34	0.11	-0.22	0.94	-0.43	-0.45	0.93	-0.51		-0.73	-0.27	-0.51	0.19	-0.22	0.09	0.78	0.52	-0.44	0.72	0.12	-0.07	-0.11	-0.26	0.21	0.21
Non Currrent Assets Other	0.27	-0.32	-0.15	0.68	-0.61	0.34	0.89	-0.84	0.49	-0.73		0.75	0.49	-0.56	-0.03	0.58	-0.92	-0.91	0.74	-1.0	0.22	-0.39	-0.36	0.31	0.1	0.27
Other Assets	0.41	0.22	0.34	0.61	-0.15	0.19	0.7	-0.46	0.26	-0.27	0.75		0.26	-0.56	-0.44	0.68	-0.49	-0.71	0.57	-0.78	0.32	-0.48	-0.47	0.21	0.16	0.41
Cash And Short Term Investments	0.47	0.01	0.03	0.51	-0.52	-0.38	0.45	-0.53	1.0	-0.51	0.49	0.26		-0.31	-0.22	0.16	-0.41	-0.53	0.84	-0.49	0.59	-0.41	-0.44	0.71	0.58	0.47
Common Stock Shares Outstanding	-0.59	0.02	0.11	-0.76	0.05	0.26	-0.7	0.26	-0.31	0.19	-0.56	-0.56	-0.31		0.45	-0.68	0.36	0.76	-0.66	0.57	-0.64	0.78	0.73	-0.59	-0.19	-0.54
Non Current Liabilities Total	-0.64	-0.81	-0.64	-0.5	-0.36	0.63	-0.22	-0.09	-0.22	-0.22	-0.03	-0.44	-0.22	0.45		-0.36	-0.36	0.27	-0.4	0.07	-0.7	0.69	0.7	-0.61	-0.5	-0.66
Inventory	0.76	-0.12	-0.22	0.85	0.24	-0.16	0.83	-0.13	0.16	0.09	0.58	0.68	0.16	-0.68	-0.36		-0.4	-0.79	0.64	-0.59	0.6	-0.8	-0.8	0.31	0.46	0.75
Other Stockholder Equity	-0.02	0.64	0.44	-0.46	0.72	-0.51	-0.75	0.82	-0.41	0.78	-0.92	-0.49	-0.41	0.36	-0.36	-0.4		0.76	-0.56	0.9	0.03	0.12	0.09	-0.1	0.09	-0.01
Total Liab	-0.58	0.24	0.22	-0.9	0.36	0.02	-0.97	0.65	-0.53	0.52	-0.91	-0.71	-0.53	0.76	0.27	-0.79	0.76		-0.87	0.92	-0.56	0.72	0.7	-0.55	-0.32	-0.57
Total Current Assets	0.75	-0.06	-0.1	0.89	-0.32	-0.37	0.83	-0.53	0.84	-0.44	0.74	0.57	0.84	-0.66	-0.4	0.64	-0.56	-0.87		-0.74	0.78	-0.77	-0.78	0.78	0.62	0.74
Intangible Assets	-0.28	0.28	0.12	-0.69	0.59	-0.32	-0.89	0.84	-0.49	0.72	-1.0	-0.78	-0.49	0.57	0.07	-0.59	0.9	0.92	-0.74		-0.24	0.41	0.38	-0.32	-0.11	-0.29
Common Stock	0.94	0.26	0.03	0.81	0.24	-0.83	0.53	0.05	0.59	0.12	0.22	0.32	0.59	-0.64	-0.7	0.6	0.03	-0.56	0.78	-0.24		-0.93	-0.95	0.87	0.74	0.91
Short Long Term Debt Total	-0.92	-0.16	0.05	-0.91	-0.25	0.63	-0.7	0.04	-0.41	-0.07	-0.39	-0.48	-0.41	0.78	0.69	-0.8	0.12	0.72	-0.77	0.41	-0.93		0.99	-0.78	-0.59	-0.89
Long Term Debt	-0.96	-0.19	0.04	-0.91	-0.29	0.67	-0.69	0.01	-0.44	-0.11	-0.36	-0.47	-0.44	0.73	0.7	-0.8	0.09	0.7	-0.78	0.38	-0.95	0.99		-0.77	-0.69	-0.94
Net Receivables	0.71	0.19	0.03	0.72	-0.11	-0.72	0.49	-0.2	0.71	-0.26	0.31	0.21	0.71	-0.59	-0.61	0.31	-0.1	-0.55	0.78	-0.32	0.87	-0.78	-0.77		0.54	0.68
Other Current Assets	0.82	0.27	0.08	0.6	0.29	-0.68	0.37	0.05	0.58	0.21	0.1	0.16	0.58	-0.19	-0.5	0.46	0.09	-0.32	0.62	-0.11	0.74	-0.59	-0.69	0.54		0.88
Net Invested Capital	0.99	0.23	0.01	0.85	0.38	-0.7	0.62	0.06	0.47	0.21	0.27	0.41	0.47	-0.54	-0.66	0.75	-0.01	-0.57	0.74	-0.29	0.91	-0.89	-0.94	0.68	0.88

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Algoma Asset Turnover vs Total Current Assets Analysis

Asset Turnover vs Total Current Assets

Asset Turnover vs Total Current Assets Correlation Analysis

Correlation Coefficient

Asset Turnover

Total Current Assets

Algoma Steel fundamental ratios Correlations

Algoma Steel Account Relationship Matchups

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Cash And Short Term Investments	+ 1.0	Cash
Net Invested Capital	+ 0.99	Total Assets
Long Term Debt	+ 0.99	Short Long Term Debt Total
Common Stock	+ 0.94	Total Assets
Non Current Assets Total	+ 0.94	Property Plant And Equipment Net
Total Current Liabilities	+ 0.93	Other Current Liab

Intangible Assets	- 1.0	Non Currrent Assets Other
Total Liab	- 0.97	Retained Earnings
Long Term Debt	- 0.96	Total Assets
Long Term Debt	- 0.95	Common Stock
Net Invested Capital	- 0.94	Long Term Debt
Short Long Term Debt Total	- 0.93	Common Stock