Algoma Steel Group (Algoma Steel Group) Capex-to-Operating-Income : 0.00 (As of Dec. 2023)

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What is Algoma Steel Group Capex-to-Operating-Income?

Capex-to-Operating-Income measures a company's investments in physical assets such as property, industrial buildings or equipment to its operating income.

Algoma Steel Group's Capital Expenditure for the three months ended in Dec. 2023 was $-71.93 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-27.50 Mil.

GuruFocus do not calculate Capex-to-Operating-Income if the Operating Income is negative.

Algoma Steel Group Capex-to-Operating-Income Historical Data

The historical data trend for Algoma Steel Group's Capex-to-Operating-Income 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 Capex-to-Operating-Income Chart

Algoma Steel Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Capex-to-Operating-Income

0.85

0.12

1.15

Algoma Steel Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Capex-to-Operating-Income	Get a 7-Day Free Trial											-	3.03	0.65	4.20	-

Competitive Comparison of Algoma Steel Group's Capex-to-Operating-Income

For the Steel subindustry, Algoma Steel Group's Capex-to-Operating-Income, along with its competitors' market caps and Capex-to-Operating-Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Algoma Steel Group's Capex-to-Operating-Income Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Algoma Steel Group's Capex-to-Operating-Income distribution charts can be found below:

* The bar in red indicates where Algoma Steel Group's Capex-to-Operating-Income falls into.

Algoma Steel Group Capex-to-Operating-Income Calculation

Algoma Steel Group's Capex-to-Operating-Income for the fiscal year that ended in Mar. 2023 is calculated as

Capex-to-Operating-Income	=	- Capital Expenditure	/	Operating Income
	=	- (-243.733)	/	212.307
	=	1.15

Algoma Steel Group's Capex-to-Operating-Income for the quarter that ended in Dec. 2023 is calculated as

Capex-to-Operating-Income	=	- Capital Expenditure	/	Operating Income
	=	- (-71.929)	/	-27.504
	=	N/A

Algoma Steel Group (NAS:ASTL) Capex-to-Operating-Income Explanation

Capex-to-Operating-Income assesses how much emphasis a company is placing upon investing in capital-intensive projects. The ratio is generally a good gauge to quantify how much focus on growth a company has. Typically, smaller companies that are still growing and expanding will have a higher Capex to Operating Income Ratio, since such businesses are likely investing more in physical assets. Lower ratios could indicate that a company has reached maturity and it is no longer pursuing aggressive growth.

Algoma Steel Group Capex-to-Operating-Income 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 » Capex-to-Operating-Income

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.