Kaiser Aluminum Corporation (KALU)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,024,000 | 2,980,300 | 2,976,200 | 3,016,900 | 3,087,000 | 3,141,300 | 3,146,600 | 3,286,700 | 3,427,900 | 3,458,300 | 3,460,000 | 3,246,800 | 2,622,000 | 2,087,600 | 1,592,700 | 1,127,400 | 1,172,700 | 1,269,400 | 1,388,600 | 1,488,200 |
| Total current assets | US$ in thousands | 976,400 | 994,900 | 1,010,500 | 1,023,100 | 990,200 | 984,400 | 996,600 | 1,059,900 | 1,042,600 | 1,127,700 | 1,245,900 | 1,321,400 | 1,205,400 | 1,223,300 | 1,200,600 | 930,800 | 1,121,400 | 1,109,600 | 1,107,700 | 806,400 |
| Total current liabilities | US$ in thousands | 400,600 | 382,200 | 396,400 | 384,700 | 370,000 | 367,000 | 354,700 | 405,900 | 418,700 | 468,200 | 547,500 | 554,600 | 456,700 | 444,800 | 439,500 | 350,400 | 158,300 | 142,200 | 150,400 | 199,100 |
| Working capital turnover | 5.25 | 4.86 | 4.85 | 4.73 | 4.98 | 5.09 | 4.90 | 5.03 | 5.49 | 5.24 | 4.95 | 4.23 | 3.50 | 2.68 | 2.09 | 1.94 | 1.22 | 1.31 | 1.45 | 2.45 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,024,000K ÷ ($976,400K – $400,600K)
= 5.25
The working capital turnover ratio for Kaiser Aluminum Corporation has shown a fluctuating trend over the periods reported. The ratio indicates the efficiency of the company in utilizing its working capital to generate sales revenue.
From March 31, 2020, to December 31, 2021, the working capital turnover ratio ranged between 1.22 and 3.50, with some variability in efficiency during this period. However, starting from March 31, 2022, the ratio consistently improved, reaching its peak at 5.49 by December 31, 2022, which suggests a significant enhancement in the company's ability to convert its working capital into revenue.
Although there was a slight decline in the working capital turnover ratio in the subsequent periods, it remained relatively high, indicating sustained efficiency in capital utilization. The ratio stayed within the range of 4.73 to 5.25 from March 31, 2024, to December 31, 2024, showing that Kaiser Aluminum Corporation continued to effectively generate sales revenue relative to its working capital during these quarters.
Overall, the improving trend in the working capital turnover ratio since March 31, 2022, signifies enhanced operational efficiency and better management of working capital to support revenue generation activities at Kaiser Aluminum Corporation.
Peer comparison
Dec 31, 2024