Algoma Total Other Income Expense Net vs Gross Profit Analysis
ASTL Stock | USD 8.20 0.02 0.24% |
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 Other Income Expense Net and its Gross Profit 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 tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Total Other Income Expense Net vs Gross Profit
Total Other Income Expense Net vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Algoma Steel Group Total Other Income Expense Net account and Gross Profit. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Algoma Steel's Total Other Income Expense Net and Gross Profit is -0.21. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Gross Profit 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 Other Income Expense Net and Gross Profit 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 Other Income Expense Net of Algoma Steel Group are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Total Other Income Expense Net i.e., Algoma Steel's Total Other Income Expense Net and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.21 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Other Income Expense Net
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Algoma Steel Group minus its cost of goods sold. It is profit before Algoma Steel operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.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 tightly coupled with the direction of predictive economic indicators such as signals in estimate. Tax Provision is expected to rise to about 107.2 M this year, although the value of Selling General Administrative will most likely fall to about 90.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 103M | 99.3M | 89.4M | 77.5M | Cost Of Revenue | 2.3B | 2.4B | 2.7B | 2.3B |
Algoma Steel fundamental ratios Correlations
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Algoma Steel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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 tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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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) | Dividend Share 0.266 | Earnings Share 0.47 | Revenue Per Share 26.303 | Quarterly Revenue Growth 0.084 |
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.