Kaiser Aluminum Corporation (KALU)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,778,900 | 3,231,700 | 2,373,200 | 964,100 | 1,257,800 |
| Payables | US$ in thousands | 252,700 | 305,100 | 351,400 | 86,100 | 92,000 |
| Payables turnover | 11.00 | 10.59 | 6.75 | 11.20 | 13.67 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $2,778,900K ÷ $252,700K
= 11.00
The payables turnover ratio for Kaiser Aluminum Corp has shown varying trends over the past five years. In 2023, the payables turnover ratio was 10.90, indicating that the company paid its suppliers approximately 10.90 times during the year. This represents an improvement compared to the previous year when the ratio was 10.42.
In 2021, there was a noticeable dip in the payables turnover ratio to 6.68, signaling that the company took longer to pay its suppliers during that year. However, the ratio rebounded in 2022 and 2023.
Overall, the payables turnover ratio for Kaiser Aluminum Corp appears to have fluctuated over the years, with some variability in how quickly the company settles its payables. Further analysis would be necessary to understand the factors driving these fluctuations and whether they align with the company's overall financial strategy and industry norms.
Peer comparison
Dec 31, 2023