Kaiser Aluminum Corporation (KALU)
Working capital 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 current assets | US$ in thousands | 976,400 | 990,200 | 1,042,600 | 1,205,400 | 1,121,400 |
| Total current liabilities | US$ in thousands | 400,600 | 370,000 | 418,700 | 456,700 | 158,300 |
| Working capital turnover | 5.25 | 4.98 | 5.49 | 3.50 | 1.22 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,024,000K ÷ ($976,400K – $400,600K)
= 5.25
Kaiser Aluminum Corporation's working capital turnover has shown a significant improvement over the years, reflecting the company's efficiency in utilizing its working capital to generate sales revenue. The working capital turnover ratio has increased from 1.22 in December 31, 2020, to 5.25 in December 31, 2024.
This indicates that Kaiser Aluminum has been able to turn over its working capital more frequently to support its sales growth. A higher working capital turnover ratio suggests that the company is managing its assets and liabilities effectively, resulting in better liquidity and operational efficiency.
Overall, the trend in Kaiser Aluminum Corporation's working capital turnover ratio demonstrates a positive and improving operational performance, reflecting effective management of working capital resources to drive sales revenue.
Peer comparison
Dec 31, 2024