Alcoa Corp (AA)
Total 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 |
| Total assets | US$ in thousands | 14,065,000 | 14,542,000 | 14,307,000 | 14,328,000 | 14,158,000 | 13,917,000 | 14,128,000 | 14,369,000 | 14,756,000 | 14,885,000 | 15,709,000 | 15,988,000 | 15,003,000 | 14,197,000 | 14,438,000 | 14,931,000 | 14,864,000 | 14,223,000 | 13,300,000 | 13,651,000 |
| Total asset turnover | 0.85 | 0.76 | 0.75 | 0.73 | 0.75 | 0.76 | 0.77 | 0.82 | 0.84 | 0.88 | 0.85 | 0.79 | 0.81 | 0.79 | 0.72 | 0.65 | 0.62 | 0.66 | 0.72 | 0.74 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,895,000K ÷ $14,065,000K
= 0.85
Total asset turnover is a key financial ratio that measures a company's ability to generate sales revenue from its assets. In the case of Alcoa Corp, the total asset turnover has fluctuated over the past few years, starting at 0.74 as of March 31, 2020, and declining to 0.62 by December 31, 2020. This decrease suggests that the company was less efficient in utilizing its assets to generate revenue during that period.
Subsequently, the total asset turnover ratio began to improve, reaching 0.85 by June 30, 2022. This indicates that Alcoa Corp was able to generate more sales relative to its total assets during that period. However, the ratio dipped slightly to 0.73 by March 31, 2024, before increasing to 0.85 by December 31, 2024.
Overall, the trend in Alcoa Corp's total asset turnover ratio shows some variability, but the company has demonstrated an ability to effectively utilize its assets to drive sales revenue. The fluctuations in the ratio could be influenced by various factors, such as changes in sales volume, asset efficiency, or strategic business decisions. Tracking this ratio over time can provide valuable insights into the company's operational efficiency and effectiveness in asset management.
Peer comparison
Dec 31, 2024