Kaiser Aluminum Corporation (KALU)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 47,200 | 13,200 | 10,300 | -21,800 | -29,600 | -1,500 | -6,300 | -14,900 | -18,500 | -14,300 | -11,600 | 4,200 | 28,800 | 12,300 | 37,300 | 63,100 | 62,000 | 96,200 | 92,500 | 94,000 |
| 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 |
| ROA | 2.08% | 0.58% | 0.45% | -0.94% | -1.29% | -0.06% | -0.26% | -0.59% | -0.76% | -0.59% | -0.48% | 0.20% | 1.54% | 0.67% | 2.02% | 4.06% | 4.06% | 6.74% | 6.50% | 6.49% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $47,200K ÷ $2,267,400K
= 2.08%
Kaiser Aluminum Corp's return on assets (ROA) has shown varying trends over the past eight quarters. During Q4 2023, the ROA increased significantly to 2.08%, indicating a strong performance in generating profits relative to the company's total assets. This improvement is notable compared to the previous quarter where the ROA was 0.58% in Q3 2023.
Looking further back, Kaiser's ROA was relatively stable around 0.45% and -0.94% in Q2 and Q1 2023, respectively. The negative ROA in Q1 2023 suggests that the company was not effectively utilizing its assets to generate profits.
Compared to the same period in 2022, Kaiser's ROA has shown improvement, with a notable shift from negative ROA figures in Q4 2022 (-1.29%) to positive figures in Q4 2023. The company managed to make a significant turnaround from losses to profitability.
Overall, Kaiser Aluminum Corp's ROA performance has been mixed over the past eight quarters, showing fluctuations and signs of improvement. It will be essential to monitor future ROA figures to assess the company's ongoing efficiency in generating profits from its assets.
Peer comparison
Dec 31, 2023