Algoma Return On Equity from 2010 to 2024

ASTL Stock   10.49  0.18  1.69%   
Algoma Steel Return On Equity yearly trend continues to be very stable with very little volatility. Return On Equity is likely to drop to 0.19. Return On Equity is a measure of the profitability of Algoma Steel Group in relation to the equity, calculated by dividing net income by shareholder's equity. View All Fundamentals
 
Return On Equity  
First Reported
2010-12-31
Previous Quarter
0.23
Current Value
0.19
Quarterly Volatility
0.57789213
 
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Yuan Drop
 
Covid
Check Algoma Steel financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Algoma main balance sheet or income statement drivers, such as Interest Expense of 37.6 M, Other Operating Expenses of 2.9 B or EBIT of 241.6 M, as well as many exotic indicators such as Price To Sales Ratio of 0.53, Dividend Yield of 0.011 or PTB Ratio of 0.87. Algoma financial statements analysis is a perfect complement when working with Algoma Steel Valuation or Volatility modules.
  
This module can also supplement various Algoma Steel Technical models . Check out the analysis of Algoma Steel Correlation against competitors.

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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:
Check out the analysis of Algoma Steel Correlation against competitors.
You can also try the Stocks Directory module to find actively traded stocks across global markets.

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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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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.