08-06-2023, 01:19 PM
Alcoa is a US aluminum company that is profitable before taxes. But when you look at the profit after tax, the company incurred large losses. The chart below illustrates what I mean. You can see the high tax rates over the past few years.
I have written to the Investor Relations dept for an explanation of the high taxes, but have not received any response so far.
Some has suggested that since Alcoa has some bauxite mining operations, they could be paying royalties based on extraction rather than earnings. Does anyone have any experience with mining companies and/or aluminum companies to provide a good explanation for this?
I am a long-term value investor hunting for underprice companies to invest in. If you want to see some of my insights on other investment opportunities go my summary of US stocks.
I have written to the Investor Relations dept for an explanation of the high taxes, but have not received any response so far.
Some has suggested that since Alcoa has some bauxite mining operations, they could be paying royalties based on extraction rather than earnings. Does anyone have any experience with mining companies and/or aluminum companies to provide a good explanation for this?
I am a long-term value investor hunting for underprice companies to invest in. If you want to see some of my insights on other investment opportunities go my summary of US stocks.