Kaiser Aluminum Corporation (KALU)
Total asset 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 |
| Total assets | US$ in thousands | 2,267,400 | 2,268,100 | 2,267,500 | 2,329,700 | 2,288,800 | 2,373,600 | 2,461,700 | 2,541,400 | 2,422,400 | 2,437,200 | 2,414,500 | 2,152,800 | 1,864,700 | 1,847,000 | 1,848,400 | 1,553,100 | 1,526,200 | 1,426,300 | 1,422,100 | 1,447,800 |
| Total asset turnover | 1.35 | 1.37 | 1.38 | 1.40 | 1.48 | 1.44 | 1.39 | 1.24 | 1.05 | 0.81 | 0.62 | 0.50 | 0.61 | 0.69 | 0.75 | 0.96 | 0.99 | 1.08 | 1.09 | 1.10 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,053,900K ÷ $2,267,400K
= 1.35
Total asset turnover is a key financial ratio that measures a company's efficiency in generating sales revenue relative to its total assets. Kaiser Aluminum Corp's total asset turnover has been fluctuating over the past eight quarters, ranging from 1.28 to 1.50.
The ratio peaked at 1.50 in Q4 2022 before decreasing in subsequent periods. This suggests that the company was able to generate $1.50 in revenue for every dollar of assets during that quarter. However, the ratio has since trended downwards, indicating a slight decrease in efficiency in utilizing its assets to generate sales.
Overall, Kaiser Aluminum Corp's total asset turnover has remained relatively stable, with minor fluctuations within a relatively narrow range. It is important for the company to monitor and potentially improve this ratio to ensure efficient use of its assets in generating revenue.
Peer comparison
Dec 31, 2023