Kaiser Aluminum Corporation (KALU)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 56,300 | -37,900 | -24,000 | 38,800 | 80,400 |
| Revenue | US$ in thousands | 3,053,900 | 3,385,100 | 2,537,100 | 1,133,600 | 1,473,600 |
| Pretax margin | 1.84% | -1.12% | -0.95% | 3.42% | 5.46% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $56,300K ÷ $3,053,900K
= 1.84%
The pretax margin of Kaiser Aluminum Corp has shown fluctuations over the past five years. In 2023, the pretax margin improved to 1.82% compared to the negative figures of the previous two years. This indicates a positive trend in the company's ability to generate profits before accounting for taxes. However, the pretax margin is still lower than the levels seen in 2020 and 2019, suggesting potential challenges in controlling operating expenses or generating revenues. Further analysis of the company's cost structure and revenue streams may be needed to understand the factors influencing these fluctuations in pretax margin.
Peer comparison
Dec 31, 2023