Algoma Steel Group (Algoma Steel Group) Accounts Receivable : $199 Mil (As of Dec. 2023)

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What is Algoma Steel Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Algoma Steel Group's accounts receivables for the quarter that ended in Dec. 2023 was $199 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Algoma Steel Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 39.63.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Algoma Steel Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-3.38.

Algoma Steel Group Accounts Receivable Historical Data

The historical data trend for Algoma Steel Group's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Algoma Steel Group Accounts Receivable Chart

Algoma Steel Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Accounts Receivable

159.03

204.87

305.37

202.30

Algoma Steel Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial											161.80	202.30	204.28	215.28	199.24

Algoma Steel Group Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Algoma Steel Group Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Algoma Steel Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	199.24	/	458.706	*	91
=	39.63

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Algoma Steel Group's accounts receivable are only considered to be worth 75% of book value:

Algoma Steel Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(70.587	+	0.75 * 199.24	+	0.5 * 660.853	-	902.579
-	0	-	0)	/	104.038
=	-3.38

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Algoma Steel Group Accounts Receivable Related Terms

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Algoma Steel Group (Algoma Steel Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Algoma Steel Group Inc (NAS:ASTL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

9ZY:Germany ASTL:Canada

Address

105 West Street, Sault Ste., Marie, ON, CAN, P6A 7B4

Website

https://www.algoma.com

Algoma Steel Group Inc is a Canadian company engaged in the production of clean and consistent light gauge steel. The company offers a range of hot and cold rolled steel sheet and plate products. The firm operates in a single segment of basic steel production including sheets, plates, slabs, and freights. The Company's revenue is generated from contracts to produce, ship, and deliver steel products Geographically it serves Canada, the United States, and the rest of the world, whilst driving key revenue from domestic sales. The company generates the majority of its revenue from the sale of Steel sheets and strips.