Algoma Steel (ASTLW) Change in Taxes (2021 - 2024)

Algoma Steel (ASTLW) 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 (ASTLW) 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 Algoma Steel - - -92.32 -

Historic Data

Download Data
DateValue
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