Kaiser Aluminum Corporation (KALU)
Working capital 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 current assets | US$ in thousands | 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 | 779,800 | 668,600 | 649,700 | 671,100 |
| Total current liabilities | US$ in thousands | 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 | 170,400 | 175,800 | 178,900 | 204,200 |
| Working capital turnover | 4.92 | 5.03 | 4.86 | 4.99 | 5.43 | 5.18 | 4.88 | 4.12 | 3.39 | 2.54 | 1.96 | 1.85 | 1.18 | 1.31 | 1.45 | 2.45 | 2.48 | 3.11 | 3.30 | 3.41 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,053,900K ÷ ($990,200K – $370,000K)
= 4.92
Kaiser Aluminum Corp's working capital turnover has fluctuated over the past eight quarters, ranging from 4.23 in Q1 2022 to 5.49 in Q4 2022. The working capital turnover measures the efficiency at which the company utilizes its working capital to support its operations and generate revenue.
A higher working capital turnover indicates that Kaiser Aluminum Corp is able to generate more revenue compared to its investment in working capital. This suggests that the company is managing its working capital effectively and efficiently.
The general trend for Kaiser Aluminum Corp's working capital turnover appears to be relatively stable, with some minor fluctuations within the range of 4.23 to 5.49. Overall, a working capital turnover ratio above 1 indicates that the company is effectively using its working capital to support business operations and drive revenue generation.
Peer comparison
Dec 31, 2023