Alcoa Corp (AA)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 293,000 | 129,000 | 222,000 | 889,000 | 1,731,000 | 3,446,000 | 4,031,000 | 3,880,000 | 3,364,000 | 4,238,000 | 3,789,000 | 3,283,000 | 2,854,000 | 2,898,000 | 2,979,000 | 5,449,000 | 7,672,000 | 8,442,000 | 11,266,000 | 11,940,000 |
| 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 |
| Gross profit margin | 2.79% | 1.23% | 2.06% | 7.59% | 14.04% | 26.79% | 30.75% | 31.41% | 28.14% | 37.95% | 36.32% | 33.87% | 31.11% | 31.44% | 31.60% | 54.54% | 74.29% | 75.14% | 93.29% | 92.01% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $293,000K ÷ $10,494,000K
= 2.79%
The gross profit margin for Alcoa Corp has been fluctuating over the past eight quarters. In Q4 2023, the gross profit margin was at 6.99%, a slight increase from the previous quarter's 5.98%. However, this is significantly lower compared to the gross profit margins in the earlier quarters.
The trend shows a notable decline since Q1 2022, where the gross profit margin was at its highest point of 28.10%. This downward trend could indicate potential challenges in managing production costs or pricing strategies that impact the profitability of Alcoa Corp.
It is essential for the company to closely monitor and address the factors contributing to the declining gross profit margin to maintain financial health and sustainable growth in the industry.
Peer comparison
Dec 31, 2023