Algoma Steel Group (Algoma Steel Group) Days Payable : 17.43 (As of Dec. 2023)

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What is Algoma Steel Group Days Payable?

Algoma Steel Group's average Accounts Payable for the three months ended in Dec. 2023 was $89 Mil. Algoma Steel Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $465 Mil. Hence, Algoma Steel Group's Days Payable for the three months ended in Dec. 2023 was 17.43.

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

ASTL' s Days Payable Range Over the Past 10 Years
Min: 7.8 Med: 8.43 Max: 13.24
Current: 13.24

During the past 4 years, Algoma Steel Group's highest Days Payable was 13.24. The lowest was 7.80. And the median was 8.43.

ASTL's Days Payable is ranked worse than
86.39% of 588 companies
in the Steel industry
Industry Median: 39.59 vs ASTL: 13.24

Algoma Steel Group's Days Payable increased from Dec. 2022 (10.95) to Dec. 2023 (17.43). It may suggest that Algoma Steel Group delayed paying its suppliers.

Algoma Steel Group Days Payable Historical Data

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

Algoma Steel Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

8.12

9.37

7.82

9.08

Algoma Steel Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial											10.95	8.45	11.89	14.67	17.43

Competitive Comparison of Algoma Steel Group's Days Payable

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

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

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

Algoma Steel Group Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

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

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (43.128	+	43.704)	/	2 )	/	1745.743	*	365
=	43.416					/	1745.743	*	365
=	9.08

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

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (76.195	+	101.446)	/	2 )	/	464.967	*	365 / 4
=	88.8205					/	464.967	*	365 / 4
=	17.43

Algoma Steel Group Days Payable 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 Payable

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.