Kaiser Aluminum Corporation (KALU)
Pretax margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 56,300 | 12,600 | 10,700 | -28,500 | -37,900 | 700 | 3,200 | -16,800 | -24,000 | -21,900 | -28,300 | 4,300 | 38,800 | 15,100 | 49,500 | 81,300 | 80,400 | 128,400 | 124,200 | 126,200 |
| 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 |
| Pretax margin | 1.84% | 0.41% | 0.34% | -0.87% | -1.12% | 0.02% | 0.09% | -0.53% | -0.95% | -1.11% | -1.90% | 0.40% | 3.42% | 1.19% | 3.56% | 5.46% | 5.31% | 8.37% | 8.00% | 7.92% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $56,300K ÷ $3,053,900K
= 1.84%
Kaiser Aluminum Corp's pretax margin has shown fluctuations over the past eight quarters. In Q4 2023, the pretax margin improved to 1.82%, a notable increase compared to the previous quarter's 0.40%. This positive trend is also evident when compared to the same quarter of the previous year, where the pretax margin was -1.11%.
It is important to note that in Q1 2023, the company experienced a negative pretax margin of -0.87%, which raises concerns about its profitability and cost management during that period. However, this negative performance was followed by a recovery in subsequent quarters.
Overall, Kaiser Aluminum Corp's pretax margin has shown some volatility, but the recent improvement in Q4 2023 is a positive indicator of its financial performance. Monitoring this ratio consistently will be important to assess the company's efficiency in generating profits before tax expenses.
Peer comparison
Dec 31, 2023