Alcoa Corp (AA)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,494,000 | 10,518,000 | 10,798,000 | 11,717,000 | 12,326,000 | 12,863,000 | 13,111,000 | 12,351,000 | 11,954,000 | 11,167,000 | 10,433,000 | 9,693,000 | 9,175,000 | 9,219,000 | 9,428,000 | 9,990,000 | 10,327,000 | 11,235,000 | 12,076,000 | 12,977,000 |
| Total assets | US$ in thousands | 14,155,000 | 13,917,000 | 14,128,000 | 14,369,000 | 14,756,000 | 14,885,000 | 15,709,000 | 15,988,000 | 15,025,000 | 14,197,000 | 14,438,000 | 14,931,000 | 14,860,000 | 14,250,000 | 13,300,000 | 13,651,000 | 14,631,000 | 14,670,000 | 15,349,000 | 15,956,000 |
| Total asset turnover | 0.74 | 0.76 | 0.76 | 0.82 | 0.84 | 0.86 | 0.83 | 0.77 | 0.80 | 0.79 | 0.72 | 0.65 | 0.62 | 0.65 | 0.71 | 0.73 | 0.71 | 0.77 | 0.79 | 0.81 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,494,000K ÷ $14,155,000K
= 0.74
The total asset turnover ratio of Alcoa Corp has shown a decreasing trend over the last eight quarters, starting at 0.84 in Q4 2022 and dropping to 0.75 in Q4 2023. This ratio measures the efficiency of the company in generating revenue from its total assets. A lower total asset turnover ratio may indicate that the company is less efficient in utilizing its assets to generate sales. However, it is important to consider the nature of the industry and the company's business model when interpreting this ratio. In the case of Alcoa Corp, further analysis is needed to understand the factors influencing this decline and to assess its impact on the overall financial performance of the company.
Peer comparison
Dec 31, 2023