Kaiser Aluminum Corporation (KALU)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 95,800 | 51,900 | 35,800 | -2,100 | 4,000 | 42,800 | 59,600 | 72,700 | 64,400 | 66,300 | 58,800 | 52,400 | 81,100 | 72,200 | 100,600 | 128,300 | 125,700 | 153,000 | 147,200 | 149,500 |
| 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 |
| Operating ROA | 4.23% | 2.29% | 1.58% | -0.09% | 0.17% | 1.80% | 2.42% | 2.86% | 2.66% | 2.72% | 2.44% | 2.43% | 4.35% | 3.91% | 5.44% | 8.26% | 8.24% | 10.73% | 10.35% | 10.33% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $95,800K ÷ $2,267,400K
= 4.23%
Operating Return on Assets (ROA) is a key financial ratio that measures a company's ability to generate profit from its assets used in operations. Kaiser Aluminum Corp's operating ROA has shown fluctuations over the past eight quarters, ranging from 0.94% in Q1 2023 to 4.45% in Q4 2023. During Q4 2023, the company achieved the highest operating ROA of 4.45%, indicating that it generated $0.0445 in operating profit for every dollar of assets employed in operations during that period.
The trend in operating ROA indicates improvements in profitability and asset utilization from Q1 2023 onwards, compared to the relatively lower ratios in the previous quarters. This may suggest that management has been effectively managing the company's assets to drive profitability.
However, it is important to note that the operating ROA of Kaiser Aluminum Corp has been volatile, with fluctuations observed in successive quarters. This variability could be influenced by various factors such as changes in operating expenses, revenue fluctuations, or adjustments in asset base. It is crucial for investors and stakeholders to closely monitor the company's operating ROA over time to assess its operational efficiency and financial performance.
Peer comparison
Dec 31, 2023