Alcoa Corp (AA)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,895,000 | 10,551,000 | 12,451,000 | 12,152,000 | 9,286,000 |
| Property, plant and equipment | US$ in thousands | — | — | 6,493,000 | 6,623,000 | 7,190,000 |
| Fixed asset turnover | — | — | 1.92 | 1.83 | 1.29 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $11,895,000K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. For Alcoa Corp, the trend in fixed asset turnover over the past five years is as follows:
1. In December 2020, the fixed asset turnover ratio was 1.29, indicating that for every dollar invested in fixed assets, the company generated $1.29 in revenue.
2. By December 2021, the fixed asset turnover ratio improved to 1.83, suggesting that the company became more efficient in utilizing its fixed assets to generate revenue.
3. In December 2022, the fixed asset turnover ratio increased further to 1.92, indicating continued improvement in asset efficiency.
4. However, the data is unavailable for December 2023 and December 2024, represented as "—" in the dataset.
Overall, the trend in Alcoa Corp's fixed asset turnover ratio shows an increasing efficiency in utilizing fixed assets to generate revenue from 2020 to 2022. The missing data points for 2023 and 2024 limit a comprehensive analysis beyond 2022. It is crucial for the company to continue optimizing its fixed asset utilization to sustain or improve this efficiency in the coming years.
Peer comparison
Dec 31, 2024