Alcoa Invested Capital Average vs Earnings before Tax Analysis

    Invested Capital Average vs Earnings before Tax

    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.

    Earnings before Tax

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

    Accounts Relationship

    Invested Capital Average vs Earnings before Tax

    Significance: Fragmental Relationship

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

    Correlation Coefficient

    0.44
    Relationship DirectionPositive 
    Relationship StrengthWeak