Kaiser Aluminum Corporation (KALU)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,024,000 | 3,087,000 | 3,427,900 | 2,622,000 | 1,172,700 |
| Total assets | US$ in thousands | 2,314,900 | 2,267,400 | 2,288,800 | 2,422,400 | 1,864,700 |
| Total asset turnover | 1.31 | 1.36 | 1.50 | 1.08 | 0.63 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,024,000K ÷ $2,314,900K
= 1.31
Kaiser Aluminum Corporation's total asset turnover has shown a positive trend over the years, increasing from 0.63 in December 31, 2020, to 1.31 in December 31, 2024. This indicates that the company is generating more revenue relative to its total assets, which reflects its efficiency in asset utilization. The significant improvement in total asset turnover suggests that Kaiser Aluminum Corporation has been able to optimize its asset management and improve its operational performance. However, the slight decrease in 2023 compared to 2022 may warrant further investigation to understand any potential factors influencing this change. Overall, the consistent upward trend in total asset turnover bodes well for Kaiser Aluminum Corporation's financial health and operational efficiency.
Peer comparison
Dec 31, 2024