How do you interpret alumina — goodwill foreign currency translation gain loss?

This is largely an accounting adjustment and does not necessarily reflect operational performance, but it impacts the balance sheet.

How does alumina — goodwill foreign currency translation gain loss compare across companies?

Common for multinational corporations with significant assets held in foreign functional currencies.

Alcoa AA Alumina — Goodwill Foreign Currency Translation Gain Loss

Discontinued — last reported Q4 '15

Similar metrics at other companies

ALBOperating Segments — Goodwill Foreign Currency Translation Gain Loss

-$58.25M-238%

ALBOperating Segments — Goodwill Translation Adjustments

$34.32M—

ALLEAllegion International — Goodwill, Foreign Currency Translation, Gain (Loss)

-$9M-172%

ALLEAllegion Americas — Goodwill, Foreign Currency Translation, Gain (Loss)

-$1.9M—

ATIHigh Performance Materials & Components — Goodwill, Foreign Currency Translation Gain (Loss)

$175K+217%

ALBAll Other Segments — Goodwill Translation Adjustments

-$736.5K-2,376%

Other financials

Income statement

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Revenue$3.2B-5.2%

Gross profit$681.0M-26.9%

Net income$425.0M-22.4%

EPS (diluted)$1.60-22.7%

Balance sheet

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Cash & equivalents$1.4B+12.6%

Total debt$2.6B-2.6%

Total equity$5.2B+21.3%

Total assets$16.6B+14.2%

Cash flow

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Operating cash flow-$179.0M-339%

CapEx$119.0M+28.0%

Free cash flow-$298.0M-1,556%

Valuation

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Market cap$15.67B+122%

Enterprise value$16.86B+101%

P/E15.2×+6.9×

P/S1.2×+0.7×

Profitability

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Gross margin15.2%-5.2pp

Net margin8.2%+1.4pp

FCF margin4.6%+3.3pp

Returns & leverage

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Return on equity1.3%+0.7pp

Debt / equity0.5×+0.1×

Current ratio1.5×-0.2×

Where this comes from

Reported directly by Alcoa in its filing.

Tagged under the XBRL concept us-gaap:GoodwillForeignCurrencyTranslationGainLoss.

The official record: Alcoa’s 10-K, filed March 15, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does alumina — goodwill foreign currency translation gain loss mean?: The change in the value of Alumina segment goodwill caused by currency exchange rate fluctuations.
How do you interpret alumina — goodwill foreign currency translation gain loss?: This is largely an accounting adjustment and does not necessarily reflect operational performance, but it impacts the balance sheet.
How does alumina — goodwill foreign currency translation gain loss compare across companies?: Common for multinational corporations with significant assets held in foreign functional currencies.