Alcoa Corp (AA)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 11,895,000 | 11,004,000 | 10,702,000 | 10,480,000 | 10,551,000 | 10,619,000 | 10,868,000 | 11,828,000 | 12,451,000 | 13,128,000 | 13,386,000 | 12,575,000 | 12,152,000 | 11,204,000 | 10,460,000 | 9,775,000 | 9,286,000 | 9,330,000 | 9,532,000 | 10,095,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 6,532,000 | 6,445,000 | 6,426,000 | 6,493,000 | 6,254,000 | 6,457,000 | 6,824,000 | 6,623,000 | 6,679,000 | 6,976,000 | 6,930,000 | 7,190,000 | 7,250,000 | 7,289,000 | 7,160,000 |
| Fixed asset turnover | — | — | — | — | — | 1.63 | 1.69 | 1.84 | 1.92 | 2.10 | 2.07 | 1.84 | 1.83 | 1.68 | 1.50 | 1.41 | 1.29 | 1.29 | 1.31 | 1.41 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $11,895,000K ÷ $—K
= —
The fixed asset turnover ratio for Alcoa Corp has shown a fluctuating trend over the past few years based on the provided data. The ratio measures how efficiently the company is utilizing its fixed assets to generate revenue.
From March 31, 2020, to June 30, 2022, the fixed asset turnover steadily increased from 1.41 to 2.07, indicating improved efficiency in generating revenue from its fixed assets. This upward trend suggests that Alcoa Corp was able to generate more revenue per dollar invested in fixed assets during this period.
However, from September 30, 2022, to March 31, 2024, the fixed asset turnover ratio experienced a decline, dropping to 1.63. This decrease may indicate a potential decrease in the efficiency of utilizing fixed assets to generate revenue. It could be a signal for the company to reassess its asset management strategies or invest in ways to improve the utilization of fixed assets.
The lack of data for the latter part of 2024 limits a comprehensive analysis of the recent performance. Further monitoring of the fixed asset turnover ratio will be essential to track the company's efficiency in utilizing its fixed assets for revenue generation.
Peer comparison
Dec 31, 2024