Alcoa Receivables Turnover vs Interest Coverage Analysis

AA Stock  USD 31.03  0.59  1.94%   
Alcoa Corp financial indicator trend analysis is way more than just evaluating Alcoa Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alcoa Corp is a good investment. Please check the relationship between Alcoa Corp Receivables Turnover and its Interest Coverage accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa Corp. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.

Receivables Turnover vs Interest Coverage

Receivables Turnover vs Interest Coverage Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alcoa Corp Receivables Turnover account and Interest Coverage. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Alcoa Corp's Receivables Turnover and Interest Coverage is -0.4. Overlapping area represents the amount of variation of Receivables Turnover that can explain the historical movement of Interest Coverage in the same time period over historical financial statements of Alcoa Corp, assuming nothing else is changed. The correlation between historical values of Alcoa Corp's Receivables Turnover and Interest Coverage is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Receivables Turnover of Alcoa Corp are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Receivables Turnover i.e., Alcoa Corp's Receivables Turnover and Interest Coverage go up and down completely randomly.

Correlation Coefficient

-0.4
Relationship DirectionNegative 
Relationship StrengthVery Weak

Receivables Turnover

Interest Coverage

Most indicators from Alcoa Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios 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 fundamental ratios 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa Corp. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.At present, Alcoa Corp's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 26.15, whereas Tax Provision is forecasted to decline to about 179.6 M.
 2021 2022 2023 2024 (projected)
Interest Expense195M106M107M147.5M
Depreciation And Amortization664M617M632M599.4M

Alcoa Corp fundamental ratios Correlations

-0.550.370.120.48-0.420.42-0.43-0.45-0.110.080.120.47-0.45-0.26-0.420.380.470.33-0.79-0.430.440.07-0.360.380.46
-0.55-0.81-0.77-0.390.85-0.480.830.960.55-0.580.25-0.740.960.150.48-0.81-0.75-0.180.90.81-0.66-0.530.39-0.82-0.65
0.37-0.810.760.5-0.970.75-0.96-0.88-0.240.76-0.210.88-0.89-0.29-0.531.00.880.36-0.62-0.950.910.44-0.580.810.9
0.12-0.770.760.51-0.730.37-0.71-0.86-0.650.55-0.020.7-0.86-0.1-0.310.760.70.39-0.62-0.750.550.73-0.110.680.57
0.48-0.390.50.51-0.540.59-0.54-0.52-0.10.090.620.65-0.51-0.25-0.430.50.650.84-0.5-0.60.570.54-0.090.360.66
-0.420.85-0.97-0.73-0.54-0.831.00.910.2-0.670.19-0.90.910.150.48-0.97-0.9-0.410.670.98-0.94-0.40.66-0.9-0.94
0.42-0.480.750.370.59-0.83-0.84-0.550.140.49-0.010.71-0.54-0.04-0.230.750.710.52-0.42-0.830.950.02-0.740.70.95
-0.430.83-0.96-0.71-0.541.0-0.840.890.17-0.670.2-0.90.890.130.47-0.96-0.9-0.410.660.98-0.95-0.370.68-0.9-0.95
-0.450.96-0.88-0.86-0.520.91-0.550.890.44-0.530.18-0.881.00.120.57-0.88-0.89-0.310.810.88-0.73-0.620.43-0.87-0.74
-0.110.55-0.24-0.65-0.10.20.140.170.44-0.41-0.11-0.050.470.25-0.16-0.23-0.05-0.040.560.20.0-0.61-0.35-0.18-0.01
0.08-0.580.760.550.09-0.670.49-0.67-0.53-0.41-0.270.37-0.58-0.47-0.090.750.370.11-0.34-0.670.640.28-0.320.460.6
0.120.25-0.21-0.020.620.19-0.010.20.18-0.11-0.27-0.10.15-0.40.12-0.21-0.10.640.020.12-0.110.430.46-0.39-0.02
0.47-0.740.880.70.65-0.90.71-0.9-0.88-0.050.37-0.1-0.86-0.07-0.70.891.00.44-0.64-0.880.840.43-0.60.830.86
-0.450.96-0.89-0.86-0.510.91-0.540.891.00.47-0.580.15-0.860.20.57-0.89-0.87-0.310.820.88-0.73-0.640.4-0.84-0.74
-0.260.15-0.29-0.1-0.250.15-0.040.130.120.25-0.47-0.4-0.070.20.3-0.29-0.07-0.150.210.13-0.16-0.44-0.240.26-0.18
-0.420.48-0.53-0.31-0.430.48-0.230.470.57-0.16-0.090.12-0.70.570.3-0.54-0.7-0.060.460.43-0.38-0.330.2-0.34-0.4
0.38-0.811.00.760.5-0.970.75-0.96-0.88-0.230.75-0.210.89-0.89-0.29-0.540.890.36-0.62-0.950.910.43-0.590.810.9
0.47-0.750.880.70.65-0.90.71-0.9-0.89-0.050.37-0.11.0-0.87-0.07-0.70.890.44-0.65-0.880.840.43-0.60.830.86
0.33-0.180.360.390.84-0.410.52-0.41-0.31-0.040.110.640.44-0.31-0.15-0.060.360.44-0.24-0.530.480.44-0.150.30.55
-0.790.9-0.62-0.62-0.50.67-0.420.660.810.56-0.340.02-0.640.820.210.46-0.62-0.65-0.240.64-0.53-0.450.24-0.63-0.55
-0.430.81-0.95-0.75-0.60.98-0.830.980.880.2-0.670.12-0.880.880.130.43-0.95-0.88-0.530.64-0.94-0.420.63-0.88-0.94
0.44-0.660.910.550.57-0.940.95-0.95-0.730.00.64-0.110.84-0.73-0.16-0.380.910.840.48-0.53-0.940.2-0.740.80.99
0.07-0.530.440.730.54-0.40.02-0.37-0.62-0.610.280.430.43-0.64-0.44-0.330.430.430.44-0.45-0.420.20.30.240.25
-0.360.39-0.58-0.11-0.090.66-0.740.680.43-0.35-0.320.46-0.60.4-0.240.2-0.59-0.6-0.150.240.63-0.740.3-0.74-0.69
0.38-0.820.810.680.36-0.90.7-0.9-0.87-0.180.46-0.390.83-0.840.26-0.340.810.830.3-0.63-0.880.80.24-0.740.78
0.46-0.650.90.570.66-0.940.95-0.95-0.74-0.010.6-0.020.86-0.74-0.18-0.40.90.860.55-0.55-0.940.990.25-0.690.78
Click cells to compare fundamentals

Alcoa Corp Account Relationship Matchups

Alcoa Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding185.5M185.9M190M181M178.3M202.5M
Total Assets14.6B14.9B15.0B14.8B14.2B12.7B
Short Long Term Debt Total1.8B2.5B1.7B1.8B1.8B1.6B
Other Current Liab561M870M791M1.2B1.1B858M
Total Current Liabilities2.6B2.8B3.2B3.0B3.0B3.2B
Total Stockholder Equity4.1B3.3B4.6B5.1B4.3B4.6B
Other Liab4.3B4.6B3.8B3.3B3.8B4.3B
Net Tangible Assets3.9B3.3B4.6B5.1B4.6B4.6B
Property Plant And Equipment Net7.9B7.2B6.6B6.5B6.8B6.6B
Current Deferred Revenue517M486M757M88M79.2M75.2M
Net Debt921M858M(87M)444M835M444.6M
Accounts Payable1.5B1.4B1.7B1.8B1.7B1.8B
Cash879M1.6B1.8B1.4B976M1.2B
Non Current Assets Total11.1B10.3B10.0B9.5B9.8B9.5B
Non Currrent Assets Other1.2B1.3B1.5B1.4B1.4B1.2B
Other Assets1.7B10.3M(1.6B)1.9B1.7B1.2B
Long Term Debt1.8B2.5B1.7B1.8B1.7B1.6B
Cash And Short Term Investments879M1.6B1.8B1.4B1.0B1.2B
Net Receivables660M556M884M909M808M870.4M
Good Will151M150M145M144M146M120.2M
Liabilities And Stockholders Equity14.6B14.9B15.0B14.8B14.2B12.7B
Non Current Liabilities Total6.2B7.1B5.5B5.2B5.3B5.9B
Other Current Assets288M290M358M417M434M381.0M
Other Stockholder Equity9.6B9.7B9.6B9.2B9.2B9.2B
Total Liab8.8B9.9B8.8B8.2B8.3B9.1B
Long Term Investments1.1B1.1B1.2B1.1B979M1.0B
Property Plant And Equipment Gross7.9B7.2B19.8B19.6B20.4B13.5B
Total Current Assets3.5B4.5B5.0B5.3B4.4B4.4B
Accumulated Other Comprehensive Income(5.0B)(5.7B)(4.6B)(3.6B)(3.6B)(3.8B)
Intangible Assets52M45M36M29M37M46.1M
Property Plant Equipment8.0B7.2B6.6B6.5B5.8B6.8B
Long Term Debt Total1.8B2.5B1.7B1.8B2.1B1.7B
Noncontrolling Interest In Consolidated Entity1.8B1.7B1.6B1.5B1.4B1.5B
Retained Earnings(555M)(725M)(315M)(549M)(1.3B)(1.2B)
Retained Earnings Total Equity(555M)(725M)(315M)(570M)(513M)(487.4M)

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

  0.61DC Dakota Gold CorpPairCorr
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.
Pair CorrelationCorrelation 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:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa Corp. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

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.
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Portfolio Dashboard
Portfolio dashboard that provides centralized access to all your investments
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Piotroski F Score
Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
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.