Kaiser Aluminum Corporation (KALU)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 275,000 | 153,400 | 163,900 | 169,500 | 298,900 |
| Revenue | US$ in thousands | 3,053,900 | 3,385,100 | 2,537,100 | 1,133,600 | 1,473,600 |
| Gross profit margin | 9.00% | 4.53% | 6.46% | 14.95% | 20.28% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $275,000K ÷ $3,053,900K
= 9.00%
The gross profit margin of Kaiser Aluminum Corp has fluctuated over the past five years, as evidenced by the data provided. In 2023, the gross profit margin increased to 10.76% from 7.23% in 2022 but remained lower than the levels seen in 2020 and 2019. This indicates that the company's ability to generate profit from its core manufacturing activities improved compared to the previous year but has not fully recovered to the levels seen in 2020 and 2019.
It is important to further investigate the factors contributing to these fluctuations in the gross profit margin, such as changes in revenue, cost of goods sold, pricing strategies, and efficiency in production processes. Analyzing these key drivers can provide insights into the overall financial health and operational performance of Kaiser Aluminum Corp.
Peer comparison
Dec 31, 2023