Alcoa Corp Stock Return On Asset
AA Stock | USD 31.03 0.59 1.94% |
Alcoa Corp fundamentals help investors to digest information that contributes to Alcoa Corp's financial success or failures. It also enables traders to predict the movement of Alcoa Stock. The fundamental analysis module provides a way to measure Alcoa Corp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Alcoa Corp stock.
The current year's Return On Assets is expected to grow to -0.04. Alcoa | Return On Asset |
Alcoa Return On Asset Analysis
Alcoa Corp's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
More About Return On Asset | All Equity Analysis
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 195M | 106M | 107M | 147.5M | Depreciation And Amortization | 664M | 617M | 632M | 599.4M |
Return On Asset | = | Net IncomeTotal Assets |
Current Alcoa Corp Return On Asset | -0.0016 |
Most of Alcoa Corp's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Alcoa Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Alcoa Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Alcoa Corp is extremely important. It helps to project a fair market value of Alcoa Stock properly, considering its historical fundamentals such as Return On Asset. Since Alcoa Corp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Alcoa Corp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Alcoa Corp's interrelated accounts and indicators.
Click cells to compare fundamentals
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Competition |
Alcoa Total Assets
Total Assets |
|
Based on the latest financial disclosure, Alcoa Corp has a Return On Asset of -0.0016. This is 100.22% lower than that of the Metals & Mining sector and 100.05% lower than that of the Materials industry. The return on asset for all United States stocks is 98.86% lower than that of the firm.
Alcoa Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Alcoa Corp's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Alcoa Corp could also be used in its relative valuation, which is a method of valuing Alcoa Corp by comparing valuation metrics of similar companies.Alcoa Corp is currently under evaluation in return on asset category among related companies.
Alcoa Corp ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Alcoa Corp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Alcoa Corp's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Alcoa Fundamentals
Return On Equity | -0.12 | ||||
Return On Asset | -0.0016 | ||||
Profit Margin | (0.06) % | ||||
Operating Margin | 0.04 % | ||||
Current Valuation | 6.44 B | ||||
Shares Outstanding | 179.56 M | ||||
Shares Owned By Insiders | 0.75 % | ||||
Shares Owned By Institutions | 85.80 % | ||||
Number Of Shares Shorted | 11.84 M | ||||
Price To Earning | 9.32 X | ||||
Price To Book | 1.29 X | ||||
Price To Sales | 0.52 X | ||||
Revenue | 10.55 B | ||||
Gross Profit | 2.31 B | ||||
EBITDA | 277 M | ||||
Net Income | (773 M) | ||||
Cash And Equivalents | 1.36 B | ||||
Cash Per Share | 8.09 X | ||||
Total Debt | 1.81 B | ||||
Debt To Equity | 0.26 % | ||||
Current Ratio | 1.81 X | ||||
Book Value Per Share | 23.82 X | ||||
Cash Flow From Operations | 91 M | ||||
Short Ratio | 2.07 X | ||||
Earnings Per Share | (3.65) X | ||||
Price To Earnings To Growth | (0.29) X | ||||
Target Price | 29.02 | ||||
Number Of Employees | 13.6 K | ||||
Beta | 2.45 | ||||
Market Capitalization | 5.47 B | ||||
Total Asset | 14.16 B | ||||
Retained Earnings | (1.29 B) | ||||
Working Capital | 1.38 B | ||||
Current Asset | 2.57 B | ||||
Current Liabilities | 2.4 B | ||||
Z Score | 2.61 | ||||
Annual Yield | 0.01 % | ||||
Net Asset | 14.16 B | ||||
Last Dividend Paid | 0.4 |
About Alcoa Corp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Alcoa Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Alcoa Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Alcoa Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Last Reported | Projected for 2024 | ||
Return On Assets | (0.05) | (0.04) |
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.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 equities. 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.Check out Alcoa Corp Piotroski F Score and Alcoa Corp Altman Z Score 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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.
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
Share Portfolio Track or share privately all of your investments from the convenience of any device | |
Equity Valuation Check real value of public entities based on technical and fundamental data | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
Fundamental Analysis View fundamental data based on most recent published financial statements | |
Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas |
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 (3.65) | Revenue Per Share 59.275 | 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.