Kaiser Aluminum Corporation (KALU)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,777,900 | 2,760,900 | 2,752,500 | 2,777,800 | 2,863,500 | 2,942,100 | 2,970,400 | 3,151,100 | 3,287,100 | 3,301,400 | 3,283,400 | 3,057,000 | 2,439,600 | 1,912,700 | 1,431,300 | 969,700 | 993,500 | 1,056,600 | 1,146,200 | 1,224,300 |
| Inventory | US$ in thousands | 503,900 | 473,900 | 446,900 | 471,300 | 477,200 | 488,600 | 497,900 | 537,700 | 525,400 | 538,100 | 468,600 | 431,500 | 404,600 | 413,600 | 383,200 | 385,300 | 152,000 | 157,500 | 181,400 | 194,600 |
| Inventory turnover | 5.51 | 5.83 | 6.16 | 5.89 | 6.00 | 6.02 | 5.97 | 5.86 | 6.26 | 6.14 | 7.01 | 7.08 | 6.03 | 4.62 | 3.74 | 2.52 | 6.54 | 6.71 | 6.32 | 6.29 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,777,900K ÷ $503,900K
= 5.51
Kaiser Aluminum Corporation has maintained a relatively stable inventory turnover ratio over the observed periods. From March 31, 2020, to December 31, 2024, the inventory turnover ranged between 5.51 to 7.08 times. The highest inventory turnover was recorded on June 30, 2022, at 7.08, indicating that the company sold and replaced its inventory more than seven times during that period. Conversely, the lowest inventory turnover was noted on March 31, 2021, at 2.52, suggesting a slower rate of inventory turnover during that quarter.
Overall, the inventory turnover ratio remained within a moderate range, demonstrating that Kaiser Aluminum efficiently managed its inventory levels and sales during the analyzed periods. A consistent inventory turnover ratio is crucial as it indicates the company's ability to efficiently manage its inventory and meet customer demand without overstocking or understocking. The variations in the inventory turnover ratio over the quarters could be attributed to seasonal factors, changes in demand patterns, or inventory management strategies employed by the company.
Peer comparison
Dec 31, 2024
Dec 31, 2024