Kaiser Aluminum Corporation (KALU)
Fixed asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,053,900 | 3,107,300 | 3,120,500 | 3,261,300 | 3,386,900 | 3,418,200 | 3,411,100 | 3,161,800 | 2,537,200 | 1,975,400 | 1,493,000 | 1,076,000 | 1,133,600 | 1,269,400 | 1,388,600 | 1,488,200 | 1,514,100 | 1,534,800 | 1,553,000 | 1,593,100 |
| Property, plant and equipment | US$ in thousands | 1,052,100 | 1,057,500 | 1,041,000 | 1,037,800 | 1,013,200 | 989,600 | 956,300 | 960,200 | 955,200 | 948,700 | 951,900 | 1,006,600 | 627,200 | 622,900 | 627,100 | 630,900 | 622,000 | 614,300 | 613,800 | 610,900 |
| Fixed asset turnover | 2.90 | 2.94 | 3.00 | 3.14 | 3.34 | 3.45 | 3.57 | 3.29 | 2.66 | 2.08 | 1.57 | 1.07 | 1.81 | 2.04 | 2.21 | 2.36 | 2.43 | 2.50 | 2.53 | 2.61 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,053,900K ÷ $1,052,100K
= 2.90
The fixed asset turnover ratio for Kaiser Aluminum Corp has shown a declining trend from Q4 2022 to Q1 2023, with values decreasing from 3.38 to 3.17. However, there was a slight increase in Q3 2023 compared to Q2 2023, reaching 2.97 and then further improving to 2.93 in Q4 2023.
This ratio indicates how efficiently the company is using its fixed assets to generate revenue. A higher fixed asset turnover ratio signifies that the company is utilizing its fixed assets more effectively to generate sales.
Overall, the company's fixed asset turnover ratio has remained relatively stable and at healthy levels above 2.5 for the past eight quarters, reflecting a consistent and efficient utilization of its fixed assets to generate revenue.
Peer comparison
Dec 31, 2023