Alcoa Corp (AA)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -651,000 | -896,000 | -1,474,000 | -823,000 | -123,000 | -120,000 | 963,000 | 723,000 | 429,000 | 817,000 | 431,000 | -75,000 | -170,000 | -469,000 | -641,000 | -846,000 | -1,125,000 | -771,000 | -556,000 | -144,000 |
| Total stockholders’ equity | US$ in thousands | 4,251,000 | 4,509,000 | 4,842,000 | 4,690,000 | 5,076,000 | 5,371,000 | 5,666,000 | 4,579,000 | 4,672,000 | 3,878,000 | 3,769,000 | 3,248,000 | 3,311,000 | 3,395,000 | 3,705,000 | 4,275,000 | 4,112,000 | 4,539,000 | 4,895,000 | 5,157,000 |
| ROE | -15.31% | -19.87% | -30.44% | -17.55% | -2.42% | -2.23% | 17.00% | 15.79% | 9.18% | 21.07% | 11.44% | -2.31% | -5.13% | -13.81% | -17.30% | -19.79% | -27.36% | -16.99% | -11.36% | -2.79% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-651,000K ÷ $4,251,000K
= -15.31%
Alcoa Corp's return on equity (ROE) has displayed considerable volatility over the past eight quarters. The ROE figures ranged from as low as -30.44% in Q2 2023 to as high as 17.00% in Q2 2022. The negative ROE values in five out of the last eight quarters indicate that the company's earnings may not be generating sufficient value for its shareholders. However, it is worth noting that the positive ROE values in Q2 and Q1 of 2022 suggest that Alcoa was able to effectively utilize its equity to generate profits during those periods. Overall, Alcoa Corp's ROE trend signals a mixed performance in terms of profitability and efficiency in utilizing shareholder equity over the analyzed period.
Peer comparison
Dec 31, 2023