Alcoa Begin Period Cash Flow vs Other Non Cash Items Analysis

AAI Stock   64.21  0.84  1.29%   
Alcoa financial indicator trend analysis is way more than just evaluating Alcoa Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alcoa Inc is a good investment. Please check the relationship between Alcoa Begin Period Cash Flow and its Other Non Cash Items accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Begin Period Cash Flow vs Other Non Cash Items

Begin Period Cash Flow vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alcoa Inc Begin Period Cash Flow account and Other Non Cash Items. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Alcoa's Begin Period Cash Flow and Other Non Cash Items is -0.22. Overlapping area represents the amount of variation of Begin Period Cash Flow that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Alcoa Inc, assuming nothing else is changed. The correlation between historical values of Alcoa's Begin Period Cash Flow and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Begin Period Cash Flow of Alcoa Inc are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Begin Period Cash Flow i.e., Alcoa's Begin Period Cash Flow and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

-0.22
Relationship DirectionNegative 
Relationship StrengthInsignificant

Begin Period Cash Flow

The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.

Other Non Cash Items

Most indicators from Alcoa's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alcoa Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Selling General Administrative is likely to gain to about 237.3 M in 2024, whereas Tax Provision is likely to drop slightly above 179.6 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense195M106M107M146.0M
Depreciation And Amortization664M617M632M657.2M

Alcoa fundamental ratios Correlations

0.090.850.950.930.990.20.140.730.8-0.170.990.97-0.130.850.980.370.92-0.38-0.470.970.960.04-0.520.970.62
0.09-0.090.04-0.040.080.030.690.120.10.180.04-0.090.21-0.120.210.380.240.160.360.30.20.360.320.28-0.31
0.85-0.090.730.820.89-0.230.140.440.45-0.410.910.9-0.420.540.840.310.79-0.73-0.260.790.8-0.4-0.310.790.55
0.950.040.730.880.910.41-0.030.820.92-0.010.910.940.050.940.930.490.86-0.23-0.620.920.920.26-0.550.910.57
0.93-0.040.820.880.920.240.130.710.7-0.310.930.93-0.290.840.920.280.73-0.28-0.50.890.79-0.01-0.640.90.68
0.990.080.890.910.920.090.210.650.74-0.271.00.97-0.230.790.980.30.93-0.44-0.420.960.95-0.08-0.470.960.6
0.20.03-0.230.410.240.09-0.390.710.540.590.090.130.630.610.140.260.050.48-0.430.180.140.8-0.470.190.03
0.140.690.14-0.030.130.21-0.39-0.25-0.05-0.560.170.04-0.53-0.180.29-0.130.190.090.30.320.14-0.210.290.28-0.11
0.730.120.440.820.710.650.71-0.250.750.40.650.660.420.850.670.60.61-0.11-0.360.680.680.55-0.690.70.45
0.80.10.450.920.70.740.54-0.050.750.10.730.770.20.930.790.440.740.11-0.690.80.810.51-0.550.790.54
-0.170.18-0.41-0.01-0.31-0.270.59-0.560.40.1-0.27-0.260.990.04-0.240.44-0.050.130.05-0.17-0.040.680.0-0.15-0.28
0.990.040.910.910.931.00.090.170.650.73-0.270.97-0.230.790.970.30.92-0.46-0.430.950.94-0.1-0.480.950.61
0.97-0.090.90.940.930.970.130.040.660.77-0.260.97-0.230.840.950.370.86-0.43-0.570.910.9-0.06-0.510.910.65
-0.130.21-0.420.05-0.29-0.230.63-0.530.420.20.99-0.23-0.230.1-0.190.410.010.2-0.01-0.120.020.73-0.02-0.1-0.26
0.85-0.120.540.940.840.790.61-0.180.850.930.040.790.840.10.80.340.680.0-0.680.780.770.39-0.730.780.63
0.980.210.840.930.920.980.140.290.670.79-0.240.970.95-0.190.80.380.91-0.31-0.460.990.940.04-0.440.990.57
0.370.380.310.490.280.30.26-0.130.60.440.440.30.370.410.340.380.38-0.22-0.150.430.420.5-0.090.420.11
0.920.240.790.860.730.930.050.190.610.74-0.050.920.860.010.680.910.38-0.47-0.30.920.990.01-0.310.910.47
-0.380.16-0.73-0.23-0.28-0.440.480.09-0.110.110.13-0.46-0.430.20.0-0.31-0.22-0.47-0.25-0.28-0.420.62-0.04-0.28-0.13
-0.470.36-0.26-0.62-0.5-0.42-0.430.3-0.36-0.690.05-0.43-0.57-0.01-0.68-0.46-0.15-0.3-0.25-0.44-0.39-0.240.27-0.44-0.34
0.970.30.790.920.890.960.180.320.680.8-0.170.950.91-0.120.780.990.430.92-0.28-0.440.940.11-0.381.00.51
0.960.20.80.920.790.950.140.140.680.81-0.040.940.90.020.770.940.420.99-0.42-0.390.940.07-0.380.940.51
0.040.36-0.40.26-0.01-0.080.8-0.210.550.510.68-0.1-0.060.730.390.040.50.010.62-0.240.110.07-0.30.110.03
-0.520.32-0.31-0.55-0.64-0.47-0.470.29-0.69-0.550.0-0.48-0.51-0.02-0.73-0.44-0.09-0.31-0.040.27-0.38-0.38-0.3-0.44-0.84
0.970.280.790.910.90.960.190.280.70.79-0.150.950.91-0.10.780.990.420.91-0.28-0.441.00.940.11-0.440.56
0.62-0.310.550.570.680.60.03-0.110.450.54-0.280.610.65-0.260.630.570.110.47-0.13-0.340.510.510.03-0.840.56
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Alcoa Account Relationship Matchups

Alcoa fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets20.8B14.9B15.0B14.8B14.2B14.8B
Short Long Term Debt Total2.6B2.8B2.6B1.9B1.9B1.7B
Other Current Liab1.3B1.2B1.1B1.0B1.1B993.3M
Total Current Liabilities3.6B2.8B3.2B3.0B3.0B2.8B
Total Stockholder Equity5.8B3.3B4.7B5.1B4.3B4.5B
Property Plant And Equipment Net11.3B7.2B6.6B6.5B6.8B7.5B
Current Deferred Revenue147.9M91M374M230M129.3M214.1M
Net Debt1.5B1.0B52M503M971M813.8M
Retained Earnings(789.5M)(725M)(315M)(570M)(1.3B)(1.2B)
Accounts Payable2.1B1.4B1.7B1.8B1.7B1.5B
Cash1.3B1.6B1.8B1.4B944M1.1B
Non Current Assets Total15.8B10.3B10B9.5B9.8B10.8B
Non Currrent Assets Other1.8B1.3B1.5B1.4B1.5B1.3B
Cash And Short Term Investments1.3B1.6B1.8B1.4B944M1.2B
Net Receivables938.9M556M884M909M808M800.6M
Good Will214.5M213.4M145M144M146M141.9M
Common Stock Shares Outstanding185M186M190M181M178M147.9M
Liabilities And Stockholders Equity20.8B14.9B15.0B14.8B14.2B14.8B
Non Current Liabilities Total8.8B7.1B5.5B5.2B5.3B5.8B
Inventory2.3B1.4B2.0B2.4B2.2B2.2B
Other Current Assets404.0M959M372M551M495M554.1M
Other Stockholder Equity13.7B9.7B9.6B9.2B9.2B9.0B
Total Liab12.4B9.8B8.7B8.2B8.3B8.6B
Total Current Assets5.0B4.5B5.0B5.3B4.4B4.0B
Accumulated Other Comprehensive Income(7.1B)(5.6B)(4.6B)(3.5B)(3.6B)(3.8B)
Short Term Debt1.4M88.2M79M76M1M51.4M
Common Stock2.6M2.8M2.8M2M1.8M1.9M
Short Term Investments83.9M27.2M19.3M196.7M42.6M70.6M

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Additional Tools for Alcoa Stock Analysis

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