Algoma Steel Group (Algoma Steel Group) Change In Inventory : $-134 Mil (TTM As of Dec. 2023)

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What is Algoma Steel Group Change In Inventory?

Algoma Steel Group's change in inventory for the quarter that ended in Dec. 2023 was $-61 Mil. It means Algoma Steel Group's inventory increased by $61 Mil from Sep. 2023 to Dec. 2023 .

Algoma Steel Group's change in inventory for the fiscal year that ended in Mar. 2023 was $0 Mil. It means Algoma Steel Group's inventory stayed the same from Mar. 2022 to Mar. 2023 .

Algoma Steel Group's Total Inventories for the quarter that ended in Dec. 2023 was $661 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Algoma Steel Group's Days Inventory for the quarter that ended in Dec. 2023 was 124.51.

Inventory Turnover measures how fast the company turns over its inventory within a year. Algoma Steel Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.73.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Algoma Steel Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.38.

Algoma Steel Group Change In Inventory Historical Data

The historical data trend for Algoma Steel Group's Change In Inventory 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 Change In Inventory Chart

Algoma Steel Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Change In Inventory

-26.36

-26.73

-50.24

Algoma Steel Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial											-41.96	-	-39.21	-33.85	-61.35

Algoma Steel Group Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-134 Mil.

Algoma Steel Group (NAS:ASTL) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Algoma Steel Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	634.432	/	464.967	*	365 / 4
	=	124.51

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Algoma Steel Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	464.967	/	634.432
	=	0.73

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Algoma Steel Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	634.432	/	458.706
	=	1.38

Algoma Steel Group Change In Inventory 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 » Change In Inventory

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.