Algoma Steel Group (Algoma Steel Group) COGS-to-Revenue : 1.01 (As of Dec. 2023)

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What is Algoma Steel Group COGS-to-Revenue?

Algoma Steel Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $465 Mil. Its Revenue for the three months ended in Dec. 2023 was $459 Mil.

Algoma Steel Group's COGS to Revenue for the three months ended in Dec. 2023 was 1.01.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Algoma Steel Group's Gross Margin % for the three months ended in Dec. 2023 was -1.36%.

Algoma Steel Group COGS-to-Revenue Historical Data

The historical data trend for Algoma Steel Group's COGS-to-Revenue 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 COGS-to-Revenue Chart

Algoma Steel Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

COGS-to-Revenue

1.04

0.91

0.60

0.86

Algoma Steel Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial											1.08	0.93	0.77	0.91	1.01

Algoma Steel Group COGS-to-Revenue Calculation

Algoma Steel Group's COGS to Revenue for the fiscal year that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1745.743	/	2030.622
	=	0.86

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	464.967	/	458.706
	=	1.01

Algoma Steel Group (NAS:ASTL) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Algoma Steel Group's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	464.967 / 458.706
	=	-1.36 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

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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 » COGS-to-Revenue

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.