Kaiser Aluminum Corporation (KALU)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 652,200 | 640,700 | 638,100 | 635,600 | 631,200 | 642,000 | 650,000 | 708,200 | 692,500 | 721,000 | 720,700 | 735,000 | 732,400 | 719,300 | 718,800 | 721,100 | 733,900 | 751,400 | 746,300 | 747,900 |
| ROE | 7.24% | 2.06% | 1.61% | -3.43% | -4.69% | -0.23% | -0.97% | -2.10% | -2.67% | -1.98% | -1.61% | 0.57% | 3.93% | 1.71% | 5.19% | 8.75% | 8.45% | 12.80% | 12.39% | 12.57% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $47,200K ÷ $652,200K
= 7.24%
Kaiser Aluminum Corp's return on equity (ROE) has shown a gradual improvement over the quarters, with Q4 2023 indicating the highest ROE of 7.22% compared to earlier quarters. The positive trend in ROE signifies that the company's profitability relative to shareholders' equity has been strengthening. This improvement may be attributed to efficient utilization of the company's resources and effective management of its operations. Additionally, the negative ROE figures in the earlier quarters of 2022 have shown a significant turnaround, indicating a positive shift in the company's financial performance. Overall, Kaiser Aluminum Corp's increasing ROE reflects a positive outlook for the company in terms of generating returns for its shareholders.
Peer comparison
Dec 31, 2023