Kaiser Aluminum Corporation (KALU)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,053,900 | 3,385,100 | 2,537,100 | 1,133,600 | 1,473,600 |
| Receivables | US$ in thousands | 325,200 | 297,200 | 332,700 | 112,800 | 167,100 |
| Receivables turnover | 9.39 | 11.39 | 7.63 | 10.05 | 8.82 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,053,900K ÷ $325,200K
= 9.39
The receivables turnover ratio for Kaiser Aluminum Corp has shown some fluctuations over the past five years. In 2023, the ratio was 9.14, slightly lower than the previous year's 9.25. This indicates that the company collected its accounts receivable approximately 9.14 times during the year.
Comparing to 2021, where the ratio was 6.80, there was a significant improvement in 2023. The company managed to collect its receivables more efficiently in 2023 than in 2021. Additionally, in 2023, the company's receivables turnover was higher compared to 2019 and 2020, indicating an improvement in the collection of accounts receivable over those years.
Overall, while there have been fluctuations, the trend in the receivables turnover ratio of Kaiser Aluminum Corp suggests that the company is managing its accounts receivable effectively and has improved its collection efficiency in recent years.
Peer comparison
Dec 31, 2023