Algoma Steel Group Inc

NASDAQ ASTL

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Algoma Steel Group Inc Accounts Receivable Turnover Ratio for the quarter ending December 31, 2023: 2.04

Algoma Steel Group Inc Accounts Receivable Turnover Ratio is 2.04 for the quarter ending December 31, 2023, a -5.36% change year over year. The accounts receivable turnover ratio measures the efficiency of a company in collecting payments from its customers. It is calculated by dividing the company's revenue by its accounts receivable. This ratio provides insight into how quickly a company collects outstanding funds owed to it. A higher turnover ratio implies that the company efficiently converts credit sales into cash, while a lower ratio may indicate delays in collecting payments or potential issues with credit management.
  • Algoma Steel Group Inc Accounts Receivable Turnover Ratio for the quarter ending December 31, 2022 was 2.15, a -8.00% change year over year.
  • Algoma Steel Group Inc Accounts Receivable Turnover Ratio for the quarter ending December 31, 2021 was 2.34.
NASDAQ: ASTL

Algoma Steel Group Inc

CEO Mr. Rajat Marwah
IPO Date Oct. 20, 2021
Location Canada
Headquarters 105 West Street, Sault Ste. Marie, ON, Canada, P6A 7B4
Employees 2,847
Sector Basic Materials
Industry Steel
Description

Algoma Steel Group Inc. produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications. Algoma Steel Group Inc. was founded in 1901 and is headquartered in Sault Ste. Marie, Canada.

StockViz Staff

September 19, 2024

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