Alcoa Financial Ratios

AA Stock

USD 36.35 0.82 2.31%

Most indicators from Alcoa Corp's fundamentals are interrelated and interconnected. However, analyzing fundamentals indicators one by one will only give a small insight into Alcoa Corp current financial condition. On the other hand, looking into the entire matrix of fundamentals indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Alcoa Corp Valuation and Alcoa Corp Correlation analysis.

For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.

At present, Alcoa Corp's Research And Ddevelopement To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Revenue Per Share is expected to grow to 69.40, whereas Current Deferred Revenue is forecasted to decline to about 75.2 M.

For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.At present, Alcoa Corp's Research And Ddevelopement To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Revenue Per Share is expected to grow to 69.40, whereas Current Deferred Revenue is forecasted to decline to about 75.2 M.

	2021	2022	2023	2024 (projected)
Interest Expense	195M	106M	107M	147.5M
Depreciation And Amortization	664M	617M	632M	599.4M

Interest Expense Depreciation And Amortization

Alcoa Corp fundamentals Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab
Common Stock Shares Outstanding		-0.54	0.36	0.12	0.48	-0.42	0.42	-0.42	-0.44	-0.1	0.07	0.13	0.47	-0.44	-0.25	-0.42	0.37	0.47	0.33	-0.79	-0.42	0.43	0.07	-0.36	0.37	0.46
Total Assets	-0.54		-0.81	-0.77	-0.39	0.85	-0.48	0.83	0.96	0.55	-0.58	0.25	-0.74	0.96	0.15	0.48	-0.81	-0.75	-0.18	0.9	0.81	-0.66	-0.53	0.39	-0.82	-0.65
Short Long Term Debt Total	0.36	-0.81		0.76	0.5	-0.97	0.75	-0.96	-0.88	-0.24	0.76	-0.21	0.88	-0.89	-0.29	-0.53	1.0	0.88	0.36	-0.62	-0.95	0.91	0.44	-0.58	0.81	0.9
Other Current Liab	0.12	-0.77	0.76		0.51	-0.73	0.37	-0.71	-0.86	-0.65	0.55	-0.02	0.7	-0.86	-0.1	-0.31	0.76	0.7	0.39	-0.62	-0.75	0.55	0.73	-0.11	0.68	0.57
Total Current Liabilities	0.48	-0.39	0.5	0.51		-0.54	0.59	-0.54	-0.52	-0.1	0.09	0.62	0.65	-0.51	-0.25	-0.43	0.5	0.65	0.84	-0.5	-0.6	0.57	0.54	-0.09	0.36	0.66
Total Stockholder Equity	-0.42	0.85	-0.97	-0.73	-0.54		-0.83	1.0	0.91	0.2	-0.67	0.19	-0.9	0.91	0.15	0.48	-0.97	-0.9	-0.41	0.67	0.98	-0.94	-0.4	0.66	-0.9	-0.94
Other Liab	0.42	-0.48	0.75	0.37	0.59	-0.83		-0.84	-0.55	0.14	0.49	-0.01	0.71	-0.54	-0.04	-0.23	0.75	0.71	0.52	-0.42	-0.83	0.95	0.02	-0.74	0.7	0.95
Net Tangible Assets	-0.42	0.83	-0.96	-0.71	-0.54	1.0	-0.84		0.89	0.17	-0.67	0.2	-0.9	0.89	0.13	0.47	-0.96	-0.9	-0.41	0.66	0.98	-0.95	-0.37	0.68	-0.9	-0.95
Property Plant And Equipment Net	-0.44	0.96	-0.88	-0.86	-0.52	0.91	-0.55	0.89		0.44	-0.53	0.18	-0.88	1.0	0.12	0.57	-0.88	-0.89	-0.31	0.81	0.88	-0.73	-0.62	0.43	-0.87	-0.74
Current Deferred Revenue	-0.1	0.55	-0.24	-0.65	-0.1	0.2	0.14	0.17	0.44		-0.41	-0.11	-0.05	0.47	0.25	-0.16	-0.23	-0.05	-0.04	0.56	0.2	0.0	-0.61	-0.35	-0.18	-0.01
Net Debt	0.07	-0.58	0.76	0.55	0.09	-0.67	0.49	-0.67	-0.53	-0.41		-0.27	0.37	-0.58	-0.47	-0.09	0.75	0.37	0.11	-0.34	-0.67	0.64	0.28	-0.32	0.46	0.6
Accounts Payable	0.13	0.25	-0.21	-0.02	0.62	0.19	-0.01	0.2	0.18	-0.11	-0.27		-0.1	0.15	-0.4	0.12	-0.21	-0.1	0.64	0.02	0.12	-0.11	0.43	0.46	-0.39	-0.02
Cash	0.47	-0.74	0.88	0.7	0.65	-0.9	0.71	-0.9	-0.88	-0.05	0.37	-0.1		-0.86	-0.07	-0.7	0.89	1.0	0.44	-0.64	-0.88	0.84	0.43	-0.6	0.83	0.86
Non Current Assets Total	-0.44	0.96	-0.89	-0.86	-0.51	0.91	-0.54	0.89	1.0	0.47	-0.58	0.15	-0.86		0.2	0.57	-0.89	-0.87	-0.31	0.82	0.88	-0.73	-0.64	0.4	-0.84	-0.74
Non Currrent Assets Other	-0.25	0.15	-0.29	-0.1	-0.25	0.15	-0.04	0.13	0.12	0.25	-0.47	-0.4	-0.07	0.2		0.3	-0.29	-0.07	-0.15	0.21	0.13	-0.16	-0.44	-0.24	0.26	-0.18
Other Assets	-0.42	0.48	-0.53	-0.31	-0.43	0.48	-0.23	0.47	0.57	-0.16	-0.09	0.12	-0.7	0.57	0.3		-0.54	-0.7	-0.06	0.46	0.43	-0.38	-0.33	0.2	-0.34	-0.4
Long Term Debt	0.37	-0.81	1.0	0.76	0.5	-0.97	0.75	-0.96	-0.88	-0.23	0.75	-0.21	0.89	-0.89	-0.29	-0.54		0.89	0.36	-0.62	-0.95	0.91	0.43	-0.59	0.81	0.9
Cash And Short Term Investments	0.47	-0.75	0.88	0.7	0.65	-0.9	0.71	-0.9	-0.89	-0.05	0.37	-0.1	1.0	-0.87	-0.07	-0.7	0.89		0.44	-0.65	-0.88	0.84	0.43	-0.6	0.83	0.86
Net Receivables	0.33	-0.18	0.36	0.39	0.84	-0.41	0.52	-0.41	-0.31	-0.04	0.11	0.64	0.44	-0.31	-0.15	-0.06	0.36	0.44		-0.24	-0.53	0.48	0.44	-0.15	0.3	0.55
Good Will	-0.79	0.9	-0.62	-0.62	-0.5	0.67	-0.42	0.66	0.81	0.56	-0.34	0.02	-0.64	0.82	0.21	0.46	-0.62	-0.65	-0.24		0.64	-0.53	-0.45	0.24	-0.63	-0.55
Common Stock Total Equity	-0.42	0.81	-0.95	-0.75	-0.6	0.98	-0.83	0.98	0.88	0.2	-0.67	0.12	-0.88	0.88	0.13	0.43	-0.95	-0.88	-0.53	0.64		-0.94	-0.42	0.63	-0.88	-0.94
Non Current Liabilities Total	0.43	-0.66	0.91	0.55	0.57	-0.94	0.95	-0.95	-0.73	0.0	0.64	-0.11	0.84	-0.73	-0.16	-0.38	0.91	0.84	0.48	-0.53	-0.94		0.2	-0.74	0.8	0.99
Inventory	0.07	-0.53	0.44	0.73	0.54	-0.4	0.02	-0.37	-0.62	-0.61	0.28	0.43	0.43	-0.64	-0.44	-0.33	0.43	0.43	0.44	-0.45	-0.42	0.2		0.3	0.24	0.25
Other Current Assets	-0.36	0.39	-0.58	-0.11	-0.09	0.66	-0.74	0.68	0.43	-0.35	-0.32	0.46	-0.6	0.4	-0.24	0.2	-0.59	-0.6	-0.15	0.24	0.63	-0.74	0.3		-0.74	-0.69
Other Stockholder Equity	0.37	-0.82	0.81	0.68	0.36	-0.9	0.7	-0.9	-0.87	-0.18	0.46	-0.39	0.83	-0.84	0.26	-0.34	0.81	0.83	0.3	-0.63	-0.88	0.8	0.24	-0.74		0.78
Total Liab	0.46	-0.65	0.9	0.57	0.66	-0.94	0.95	-0.95	-0.74	-0.01	0.6	-0.02	0.86	-0.74	-0.18	-0.4	0.9	0.86	0.55	-0.55	-0.94	0.99	0.25	-0.69	0.78

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Alcoa Corp Account Relationship Matchups

Alcoa Corp fundamentals Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Return On Assets	(0.0583)	(9.42E-4)	0.0286	0.003991	(0.046)	(0.0437)
Asset Turnover	0.72	0.63	0.83	0.86	0.75	0.58
Gross Profit Margin	0.11	0.0816	0.21	0.15	0.01	0.009544
Net Debt	921M	858M	(87M)	444M	835M	444.6M
Total Current Liabilities	2.6B	2.8B	3.2B	3.0B	3.0B	3.2B
Non Current Liabilities Total	6.2B	7.1B	5.5B	5.2B	5.3B	5.9B
Total Assets	14.6B	14.9B	15.0B	14.8B	14.2B	12.7B
Total Current Assets	3.5B	4.5B	5.0B	5.3B	4.4B	4.4B
Total Cash From Operating Activities	686M	394M	920M	822M	91M	86.5M

Pair Trading with Alcoa Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Alcoa Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Alcoa Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Alcoa Stock

0.86	TX	Ternium SA ADR Earnings Call Today	Pair Corr
0.76	WS	Worthington Steel	Pair Corr

Moving against Alcoa Stock

0.83	SID	Companhia Siderurgica Financial Report 1st of May 2024	Pair Corr
0.71	X	United States Steel Earnings Call This Week	Pair Corr
0.7	PKX	POSCO Holdings Financial Report 25th of April 2024	Pair Corr
0.6	ZKIN	ZK International	Pair Corr

The ability to find closely correlated positions to Alcoa Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alcoa Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alcoa Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alcoa Corp to buy it.

The correlation of Alcoa Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alcoa Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alcoa Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Alcoa Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Alcoa Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Alcoa Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Alcoa Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Alcoa Corp Stock:

How To Invest In Alcoa

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Is Alcoa Stock a good investment?

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What is Alcoa Corp's Net Worth?

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Check out Alcoa Corp Valuation and Alcoa Corp Correlation analysis.

For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.

Note that the Alcoa Corp information on this page should be used as a complementary analysis to other Alcoa Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Complementary Tools for Alcoa Stock analysis

When running Alcoa Corp's price analysis, check to measure Alcoa Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alcoa Corp is operating at the current time. Most of Alcoa Corp's value examination focuses on studying past and present price action to predict the probability of Alcoa Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alcoa Corp's price. Additionally, you may evaluate how the addition of Alcoa Corp to your portfolios can decrease your overall portfolio volatility.

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Is Alcoa Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alcoa Corp. If investors know Alcoa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alcoa Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.81

Dividend Share

0.4

Earnings Share

(3.76)

Revenue Per Share

58.771

Quarterly Revenue Growth

(0.03)

The market value of Alcoa Corp is measured differently than its book value, which is the value of Alcoa that is recorded on the company's balance sheet. Investors also form their own opinion of Alcoa Corp's value that differs from its market value or its book value, called intrinsic value, which is Alcoa Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alcoa Corp's market value can be influenced by many factors that don't directly affect Alcoa Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Alcoa Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alcoa Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alcoa Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Alcoa Financial Ratios

Alcoa Corp fundamentals Correlations

Alcoa Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Alcoa Corp fundamentals Accounts

Pair Trading with Alcoa Corp

Moving together with Alcoa Stock

Moving against Alcoa Stock

Complementary Tools for Alcoa Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Long Term Debt	+ 1.0	Short Long Term Debt Total
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Non Current Liabilities Total
Common Stock Total Equity	+ 0.98	Total Stockholder Equity

Long Term Debt	- 0.97	Total Stockholder Equity
Total Stockholder Equity	- 0.97	Short Long Term Debt Total
Long Term Debt	- 0.96	Net Tangible Assets
Net Tangible Assets	- 0.96	Short Long Term Debt Total
Common Stock Total Equity	- 0.95	Long Term Debt
Total Liab	- 0.95	Net Tangible Assets