Kaiser Aluminum Corporation (KALU)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,053,900 | 3,107,300 | 3,120,500 | 3,261,300 | 3,386,900 | 3,418,200 | 3,411,100 | 3,161,800 | 2,537,200 | 1,975,400 | 1,493,000 | 1,076,000 | 1,133,600 | 1,269,400 | 1,388,600 | 1,488,200 | 1,514,100 | 1,534,800 | 1,553,000 | 1,593,100 |
| Receivables | US$ in thousands | 325,200 | 351,500 | 363,600 | 365,000 | 297,200 | 311,500 | 351,100 | 432,200 | 332,700 | 361,600 | 389,200 | 305,800 | 112,800 | 119,000 | 126,400 | 175,200 | 167,100 | 188,100 | 178,100 | 195,800 |
| Receivables turnover | 9.39 | 8.84 | 8.58 | 8.94 | 11.40 | 10.97 | 9.72 | 7.32 | 7.63 | 5.46 | 3.84 | 3.52 | 10.05 | 10.67 | 10.99 | 8.49 | 9.06 | 8.16 | 8.72 | 8.14 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,053,900K ÷ $325,200K
= 9.39
The receivables turnover ratio measures how efficiently Kaiser Aluminum Corp collects cash from its customers in a given period. A higher ratio indicates a more effective collection process.
Looking at the data provided, we observe that the receivables turnover ratio for Kaiser Aluminum Corp has fluctuated over the past eight quarters. In Q4 2023, the turnover ratio was 9.14, slightly higher than the previous quarter at 8.75. This indicates that the company was able to collect receivables more efficiently in Q4 2023.
Comparing the latest ratio to the same period last year, we see a slight decrease from 9.25 in Q4 2022 to 9.14 in Q4 2023. However, the company's receivables turnover remains relatively high, suggesting that Kaiser Aluminum Corp has been successful in managing its accounts receivable.
Furthermore, the trend over the past eight quarters shows some variability, with the ratio ranging from 6.72 to 9.39. It is essential for Kaiser Aluminum Corp to monitor this ratio consistently to ensure that the efficiency of its receivables collection process is maintained or improved over time.
Peer comparison
Dec 31, 2023