Algoma Days Sales Outstanding vs Invested Capital Analysis
ASTL Stock | 10.33 0.07 0.67% |
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 Days Sales Outstanding and its Invested Capital 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 board of governors.
Days Sales Outstanding vs Invested Capital
Days Sales Outstanding vs Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Algoma Steel Group Days Sales Outstanding account and Invested Capital. At this time, the significance of the direction appears to have very week relationship.
The correlation between Algoma Steel's Days Sales Outstanding and Invested Capital is 0.23. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Invested Capital 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 Days Sales Outstanding and Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Sales Outstanding of Algoma Steel Group are associated (or correlated) with its Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Invested Capital has no effect on the direction of Days Sales Outstanding i.e., Algoma Steel's Days Sales Outstanding and Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.23 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Days Sales Outstanding
Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to Algoma Steel Group. There are two different methods for calculating Algoma Steel Group invested capital: operating approach and financing approach. Understanding Algoma Steel invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.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 board of governors. As of the 9th of June 2024, Tax Provision is likely to drop to about 86.3 M. In addition to that, Selling General Administrative is likely to drop to about 86.8 M
2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 87M | 95.3M | 85.8M | 79.5M | Total Operating Expenses | 103M | 2.5B | 2.9B | 3.0B |
Algoma Steel fundamental ratios Correlations
Click cells to compare fundamentals
Algoma Steel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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 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 board of governors. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.