What is Alcoa's kwinana refinery — inventory write down?

Alcoa (AA) reported kwinana refinery — inventory write down of $39M in Q3 2025.

What does kwinana refinery — inventory write down mean?

The reduction in the value of inventory when its market value falls below its cost, or when the inventory becomes obsolete or damaged. This reflects the financial impact of inventory management challenges or adverse commodity price movements.

Alcoa AA Kwinana Refinery — Inventory Write Down

Similar metrics at other companies

IPIInventory write-downs

$822K-38.4%

BSETWholesale — Inventory Write Down

$155K-74.2%

CRONInventory Write Down

$665K—

HOURInventory write-downs

$409.46K-17.7%

DINOInventory Write Down

$30M-79.7%

HNSTInventory Write Down

$3.97M—

Other financials

Income statement

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Revenue$4.0B+31.4%

Gross profit$999.0M+173%

Net income$407.0M+148%

EPS (diluted)$1.53+147%

Balance sheet

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Cash & equivalents$1.4B-10.7%

Total debt$2.2B-13.8%

Total equity$5.2B+21.3%

Total assets$16.9B+12.4%

Cash flow

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Operating cash flow$608.0M+24.6%

CapEx-$424.0M-424%

Free cash flow$184.0M-48.5%

Valuation

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Market cap$11.32B+45.1%

Enterprise value$12.19B+37.5%

P/E8.9×+1.1×

P/S0.8×+0.2×

Profitability

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Gross margin18.8%-1.4pp

Net margin9.4%+1.5pp

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×-0.1×

Where this comes from

Reported directly by Alcoa in its filing.

Tagged under the XBRL concept us-gaap:InventoryWriteDown.

The official record: Alcoa’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Alcoa's kwinana refinery — inventory write down?: Alcoa (AA) reported kwinana refinery — inventory write down of $39M in Q3 2025.
What does kwinana refinery — inventory write down mean?: The reduction in the value of inventory when its market value falls below its cost, or when the inventory becomes obsolete or damaged. This reflects the financial impact of inventory management challenges or adverse commodity price movements.