Kaiser Aluminum Corporation (KALU)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,780,300 | 2,881,700 | 2,909,800 | 3,088,600 | 3,224,100 | 3,214,600 | 3,198,000 | 2,973,400 | 2,367,700 | 1,844,200 | 1,375,300 | 938,200 | 962,200 | 1,057,000 | 1,146,200 | 1,213,000 | 1,240,400 | 1,234,500 | 1,259,200 | 1,299,100 |
| Inventory | US$ in thousands | 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 | 177,600 | 192,500 | 231,100 | 233,900 |
| Inventory turnover | 5.83 | 5.90 | 5.84 | 5.74 | 6.14 | 5.97 | 6.82 | 6.89 | 5.85 | 4.46 | 3.59 | 2.43 | 6.33 | 6.71 | 6.32 | 6.23 | 6.98 | 6.41 | 5.45 | 5.55 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,780,300K ÷ $477,200K
= 5.83
Kaiser Aluminum Corp's inventory turnover has exhibited a relatively stable trend over the past eight quarters, ranging from 5.66 to 6.84. The company's inventory turnover ratio measures how efficiently it manages its inventory by indicating how many times its inventory is sold and replaced over a given period.
The average inventory turnover for the period is approximately 6.09, indicating that on average, Kaiser Aluminum Corp is turning over its inventory around six times a year. A higher inventory turnover ratio is generally seen as positive, as it suggests the company is effectively managing its inventory levels and efficiently converting inventory into sales.
The slight fluctuations in the inventory turnover ratio over the quarters may reflect seasonal variations or changes in business operations. Overall, Kaiser Aluminum Corp's inventory turnover appears to be healthy and relatively consistent, suggesting effective inventory management practices within the company.
Further analysis could be conducted to explore any underlying factors driving the changes in inventory turnover and to assess the company's overall operational efficiency and financial performance.
Peer comparison
Dec 31, 2023
Dec 31, 2023