Algoma Steel (ASTL) Change in Taxes (2021 - 2024)
Algoma Steel (ASTL) reported Change in Taxes of $1.0 million for Q1 2024, down 81.48% on a YoY basis from $5.4 million in Q2 2023, and up 108.0% quarter-over-quarter from -$12.5 million in Q4 2023.
Algoma Steel (ASTL) Change in Taxes (2021 - 2024) Analysis & Trends
Algoma Steel has reported Change in Taxes for 4 years, with the latest figure at $1.0 million in Q1 2024.
- For the quarter ending Q1 2024, Change in Taxes fell 81.48% year-over-year to $1.0 million; the trailing twelve-month figure through Mar 2024 stood at $39.7 million (down 77.08% YoY), and the FY2024 full-year result was -$24.7 million, changed N/A from the prior year.
- Change in Taxes for Q1 2024 stood at $1.0 million, up from -$12.5 million in the prior quarter.
- The five-year high for Change in Taxes was $104.0 million in Q3 2021, with the low at -$12.5 million in Q4 2023.
- Historically, Change in Taxes has averaged $35.2 million across 4 years, with a median of $11.9 million in 2023.
- Annual changes were most pronounced in 2022 — Change in Taxes plunged 95.29% — and 2023, when it jumped 142.86%.
- Algoma Steel's Change in Taxes stood at $104.0 million in 2021, then sank by 95.29% to $4.9 million in 2022, then plunged by 355.1% to -$12.5 million in 2023, then jumped by 108.0% to $1.0 million in 2024.
- The last three Change in Taxes figures came in at $1.0 million (Q1 2024), -$12.5 million (Q4 2023), and $11.9 million (Q3 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 94.27 Bn | 84.31 Bn | 686.87 Mn | -129.68 Mn |
| 2 | Nucor | 58.23 Bn | 56.84 Bn | 1.50 Bn | 78.00 Mn |
| 3 | ArcelorMittal | 51.15 Bn | 48.81 Bn | - | - |
| 4 | Steel Dynamics | 38.88 Bn | 38.02 Bn | 763.22 Mn | 74.43 Mn |
| 5 | Reliance | 20.36 Bn | 20.12 Bn | 1.17 Bn | - |
| 6 | Cleveland-Cliffs | 7.71 Bn | 7.86 Bn | -82.00 Mn | 4.00 Mn |
| 7 | Algoma Steel | 2.77 Bn | 2.77 Bn | -92.32 | - |
| 8 | National Steel | 2.24 Bn | -552.84 Mn | 479.33 Mn | - |
| 9 | Worthington Steel | 2.07 Bn | 2.07 Bn | 76.10 Mn | - |
| 10 | NWPX Infrastructure | 1.13 Bn | 1.11 Bn | 26.67 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 1.00 Mn |
| Mar 31, 2024 | 1.00 Mn |
| Dec 31, 2023 | -12.50 Mn |
| Dec 31, 2023 | -12.50 Mn |
| Sep 30, 2023 | 11.90 Mn |
| Sep 30, 2023 | 11.90 Mn |
| Jun 30, 2023 | 39.30 Mn |
| Jun 30, 2023 | 39.30 Mn |
| Mar 31, 2023 | 5.40 Mn |
| Mar 31, 2023 | 5.40 Mn |
| Sep 30, 2022 | 4.90 Mn |
| Sep 30, 2022 | 4.90 Mn |
| Jun 30, 2022 | 84.90 Mn |
| Jun 30, 2022 | 84.90 Mn |
| Mar 31, 2022 | 78.00 Mn |
| Mar 31, 2022 | 78.00 Mn |
| Sep 30, 2021 | 104.00 Mn |
| Sep 30, 2021 | 104.00 Mn |