Alcoa Corp (AA)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 60,000 | -651,000 | -123,000 | 429,000 | -170,000 |
| Total assets | US$ in thousands | 14,065,000 | 14,155,000 | 14,756,000 | 15,025,000 | 14,860,000 |
| ROA | 0.43% | -4.60% | -0.83% | 2.86% | -1.14% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $60,000K ÷ $14,065,000K
= 0.43%
Based on the data provided, Alcoa Corp's return on assets (ROA) has been fluctuating over the past five years. In December 2020, the ROA was -1.14%, indicating that the company generated a negative return on its assets. However, by December 2021, the ROA improved significantly to 2.86%, reflecting a positive return on assets.
The following year, in December 2022, the ROA declined to -0.83%, suggesting a decrease in the company's ability to generate earnings from its assets. This trend continued in December 2023, with the ROA further decreasing to -4.60%, indicating a significant decline in the company's profitability relative to its assets.
However, by December 2024, there was a slight improvement in the ROA to 0.43%, although it remained relatively low compared to previous years. Overall, the fluctuating ROA values suggest that Alcoa Corp has experienced varying levels of profitability in relation to its assets over the five-year period, with some years performing better than others.
Peer comparison
Dec 31, 2024