NEW YORK, June 7, 2002 (PRIMEZONE) -- StockDiagnostics.com announces that Alcoa Inc.'s (NYSE:AA) OPS (Operational-cashflow per share) for its first-quarter, trailing six and twelve-months ended March 31, 2002 OPS decreased 29% for the first-quarter, 27% for the trailing six-months and 14% for the twelve-months ended March 31, 2002 over the comparable periods ended March 31, 2001.
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Alcoa's computed OPS (Operational-cashflow Per Share) for its first-quarter ended March 31, 2002, was $ 0.28, a decrease of 29% over its OPS of $0.40 for its first-quarter ended March 31, 2001. For the trailing six-months ended March 31, 2002, Alcoa's OPS decreased to $1.09, a decrease of 27% as compared to its OPS of $1.49 for the six-months ended March 31, 2001. For the trailing 12-months ended March 31, 2002, Alcoa's OPS decreased to $2.71, a decrease of 14% as compared to its OPS of $3.16 for the twelve-months ended March 31, 2001.
What is OPS?
OPS(TM) stands for "Operational-cashflow Per Share." It is derived from the line item "Cash Flow from Operations" which appears in a company's quarterly and annual Cash Flow Statements filed with the Securities & Exchange Commission. "OPS" is calculated by dividing a company's Cash Flow from Operations by the total number of shares outstanding. After conducting in-depth research on Operational-cashflow Per Share, StockDiagnostics.com determined that OPS could be used to measure the quality of a company's EPS and for monitoring its overall financial health. Cash Flow from Operations is a company's financial lifeblood and a sudden decrease in it can drain this lifeblood, causing an increase in debt, share dilution, share price erosion, and in the more extreme cases, bankruptcy.
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