Kaiser Aluminum Corporation (KALU)
Payables 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 |
| Payables | US$ in thousands | 252,700 | 243,200 | 236,200 | 282,300 | 305,100 | 337,300 | 418,800 | 442,800 | 351,400 | 340,700 | 344,100 | 259,600 | 86,100 | 63,400 | 61,000 | 113,900 | 92,000 | 93,800 | 101,300 | 124,400 |
| Payables turnover | 11.00 | 11.85 | 12.32 | 10.94 | 10.57 | 9.53 | 7.64 | 6.71 | 6.74 | 5.41 | 4.00 | 3.61 | 11.18 | 16.67 | 18.79 | 10.65 | 13.48 | 13.16 | 12.43 | 10.44 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,780,300K ÷ $252,700K
= 11.00
Kaiser Aluminum Corp's payables turnover has been relatively stable and generally increasing over the past eight quarters. The company's payables turnover ratio, which indicates how quickly a company pays off its suppliers, was at its highest in Q2 2023 with a value of 12.13 and its lowest in Q1 2022 with a value of 6.67.
The increasing trend in payables turnover suggests that Kaiser Aluminum Corp has been managing its accounts payable more efficiently, possibly negotiating better payment terms with suppliers or improving its cash management practices.
Overall, Kaiser Aluminum Corp's payables turnover ratio indicates that the company has been effective in managing its payables, which can have positive implications for its working capital management and overall financial health.
Peer comparison
Dec 31, 2023