Algoma Steel Group (TSX:ASTL) Total Assets : C$2,652 Mil (As of Dec. 2023)

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What is Algoma Steel Group Total Assets?

Algoma Steel Group's Total Assets for the quarter that ended in Dec. 2023 was C$2,652 Mil.

During the past 12 months, Algoma Steel Group's average Total Assets Growth Rate was 11.00% per year. During the past 3 years, the average Total Assets Growth Rate was 12.20% per year.

During the past 4 years, Algoma Steel Group's highest 3-Year average Total Assets Growth Rate was 12.20%. The lowest was 12.20%. And the median was 12.20%.

Total Assets is connected with ROA %. Algoma Steel Group's annualized ROA % for the quarter that ended in Dec. 2023 was -12.65%. Total Assets is also linked to Revenue through Asset Turnover. Algoma Steel Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.23.

Algoma Steel Group Total Assets Historical Data

The historical data trend for Algoma Steel Group's Total Assets 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 Total Assets Chart

Algoma Steel Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Total Assets

1,829.70

1,553.90

2,693.60

2,455.60

Algoma Steel Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial											2,549.00	2,455.60	2,627.80	2,713.10	2,651.60

Algoma Steel Group Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

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

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	1462.2	+	993.4
	=	2,456

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

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	1440.7	+	1210.9
	=	2,652

Algoma Steel Group (TSX:ASTL) Total Assets Explanation

Total Assets is connected with ROA %.

Algoma Steel Group's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-339.2	/	( (2713.1	+	2651.6)	/ 2 )
	=	-339.2	/	2682.35
	=	-12.65 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

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

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	615.4	/	( (2713.1	+	2651.6)	/ 2 )
=	615.4	/	2682.35
=	0.23

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Algoma Steel Group Total Assets Related Terms

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Algoma Steel Group (TSX:ASTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Algoma Steel Group Inc (TSX:ASTL) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

ASTL:USA 9ZY:Germany

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.

Executives

Eric Stuart Rosenfeld

Director