Algoma Steel Group Stock Holdings Turnover
| ASTLW Stock | USD 1.19 0.06 5.31% |
Algoma Steel Group fundamentals help investors to digest information that contributes to Algoma Steel's financial success or failures. It also enables traders to predict the movement of Algoma Stock. The fundamental analysis module provides a way to measure Algoma Steel's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Algoma Steel stock.
Algoma | Holdings Turnover |
Algoma Steel Group Company Holdings Turnover Analysis
Algoma Steel's Holding Turnover is calculated by adding up all the transactions for the year, dividing it by 2 and then dividing it again by the total fund holdings. Holding Turnover is the rate at which funds or ETFs replace their investment holdings on an annual basis. In other words it measures how quickly a fund turns over its holdings during the fiscal year.
Algoma Holdings Turnover Driver Correlations
Understanding the fundamental principles of building solid financial models for Algoma Steel is extremely important. It helps to project a fair market value of Algoma Stock properly, considering its historical fundamentals such as Holdings Turnover. Since Algoma Steel's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Algoma Steel's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Algoma Steel's interrelated accounts and indicators.
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Investor can think of Holding Turnover as a percentage of a fund's assets that have turned over in the past year. Typically, a high annual turnover ratio implies that fund managers made a lot of buying and selling. The higher the annual turnover, the higher the expense ratio for the fund.
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Algoma Inventory Turnover
Inventory Turnover |
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According to the company disclosure, Algoma Steel Group has a Holdings Turnover of 0.0%. This indicator is about the same for the Metals & Mining average (which is currently at 0.0) sector and about the same as Materials (which currently averages 0.0) industry. This indicator is about the same for all United States stocks average (which is currently at 0.0).
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Algoma Fundamentals
| Return On Equity | 0.039 | |||
| Return On Asset | 0.037 | |||
| Profit Margin | 0.02 % | |||
| Operating Margin | (0.09) % | |||
| Number Of Shares Shorted | 5.29 K | |||
| Revenue | 2.78 B | |||
| EBITDA | 393.9 M | |||
| Net Income | 298.5 M | |||
| Cash And Equivalents | 21.9 M | |||
| Cash Per Share | 0.22 X | |||
| Total Debt | 122.3 M | |||
| Debt To Equity | 1.39 % | |||
| Current Ratio | 3.20 X | |||
| Book Value Per Share | 1.84 X | |||
| Cash Flow From Operations | 177.3 M | |||
| Earnings Per Share | (0.62) X | |||
| Number Of Employees | 2.85 K | |||
| Beta | 1.54 | |||
| Total Asset | 2.46 B | |||
| Retained Earnings | 211.6 M | |||
| Working Capital | 1.02 B | |||
| Net Asset | 2.46 B |
About Algoma Steel Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Algoma Steel Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Algoma Steel using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Algoma Steel Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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:Check out Algoma Steel Piotroski F Score and Algoma Steel Altman Z Score analysis. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Algoma Stock analysis
When running Algoma Steel's price analysis, check to measure Algoma Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Algoma Steel is operating at the current time. Most of Algoma Steel's value examination focuses on studying past and present price action to predict the probability of Algoma Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Algoma Steel's price. Additionally, you may evaluate how the addition of Algoma Steel to your portfolios can decrease your overall portfolio volatility.
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Is Algoma Steel's industry 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 (0.34) | Earnings Share (0.62) | Revenue Per Share 26.303 | Quarterly Revenue Growth 0.084 | Return On Assets 0.037 |
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.