Algoma Steel Group (Algoma Steel Group) Days Sales Outstanding : 41.23 (As of Dec. 2023)

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What is Algoma Steel Group Days Sales Outstanding?

Algoma Steel Group's average Accounts Receivable for the three months ended in Dec. 2023 was $207 Mil. Algoma Steel Group's Revenue for the three months ended in Dec. 2023 was $459 Mil. Hence, Algoma Steel Group's Days Sales Outstanding for the three months ended in Dec. 2023 was 41.23.

The historical rank and industry rank for Algoma Steel Group's Days Sales Outstanding or its related term are showing as below:

ASTL' s Days Sales Outstanding Range Over the Past 10 Years
Min: 30.88 Med: 42.49 Max: 48.75
Current: 33.95

During the past 4 years, Algoma Steel Group's highest Days Sales Outstanding was 48.75. The lowest was 30.88. And the median was 42.49.

ASTL's Days Sales Outstanding is ranked better than
67.5% of 597 companies
in the Steel industry
Industry Median: 49.82 vs ASTL: 33.95

Algoma Steel Group's Days Sales Outstanding increased from Dec. 2022 (36.97) to Dec. 2023 (41.23).

Algoma Steel Group Days Sales Outstanding Historical Data

The historical data trend for Algoma Steel Group's Days Sales Outstanding 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 Days Sales Outstanding Chart

Algoma Steel Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

41.41

46.50

30.97

45.63

Algoma Steel Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial											36.97	33.55	29.79	35.36	41.23

Competitive Comparison of Algoma Steel Group's Days Sales Outstanding

For the Steel subindustry, Algoma Steel Group's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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 Days Sales Outstanding Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Algoma Steel Group's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Algoma Steel Group's Days Sales Outstanding falls into.

Algoma Steel Group Days Sales Outstanding Calculation

Days Sales Outstanding measures 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 Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Algoma Steel Group's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (305.371	+	202.295)	/	2 )	/	2030.622	*	365
=	253.833					/	2030.622	*	365
=	45.63

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

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (215.283	+	199.24)	/	2 )	/	458.706	*	365 / 4
=	207.2615					/	458.706	*	365 / 4
=	41.23

Algoma Steel Group (NAS:ASTL) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Algoma Steel Group Days Sales Outstanding 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 » Days Sales Outstanding

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.