Kaiser Aluminum Corporation (KALU)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 46,800 | 47,300 | 40,700 | 55,900 | 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 |
| Total stockholders’ equity | US$ in thousands | 668,000 | 667,000 | 662,000 | 664,900 | 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 |
| ROE | 7.01% | 7.09% | 6.15% | 8.41% | 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $46,800K ÷ $668,000K
= 7.01%
Kaiser Aluminum Corporation's return on equity (ROE) has displayed significant fluctuations over the analyzed period, ranging from negative values to positive values. The ROE stood at 8.75% as of March 31, 2020, but then experienced a declining trend over the subsequent quarters, reaching negative territory by June 30, 2021.
The negative ROE values persisted until December 31, 2022, indicating that the company's net income was insufficient to cover its shareholder's equity during this period. However, there was a notable improvement in performance starting from March 31, 2023, when the ROE turned positive at 1.61%, signaling a potential recovery in profitability.
Subsequently, the ROE continued to increase steadily and reached 7.01% as of December 31, 2024. This positive trend suggests that Kaiser Aluminum Corporation was able to generate higher returns on the equity invested by its shareholders, indicating improved efficiency in utilizing its capital to generate profits.
Overall, the analysis indicates that Kaiser Aluminum Corporation experienced a challenging period characterized by negative ROE values, but managed to rebound and enhance its profitability performance in the latter part of the analyzed period.
Peer comparison
Dec 31, 2024