Alcoa Earnings before Tax vs Invested Capital Average Analysis

    Earnings before Tax vs Invested Capital Average

    Earnings before Tax

    Earnings Before Tax is calculated by adding Income Tax Expense back to Net Income.

    Invested Capital Average

    Average invested capital value for the period used in the calculation of Return on Invested Capital, and derived from Invested Capital. Invested capital is an input into the calculation of Return on Invested Capital, and is calculated as: Total Debt plus Total Assets minus Goodwill and Intangible Assets minus Cash and Equivalents minus Current Liabilities. Please note this calculation method is subject to change.

    Accounts Relationship

    Earnings before Tax vs Invested Capital Average

    Significance: Fragmental Relationship

    Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Alcoa Earnings before Tax account and Invested Capital Average

    Correlation Coefficient

    0.44
    Relationship DirectionPositive 
    Relationship StrengthWeak