Kaiser Aluminum Corporation (KALU)

Return on total capital

		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 interest and tax (EBIT) (ttm)	US$ in thousands	103,200	59,800	58,600	19,500	10,400	49,500	52,400	32,600	25,500	27,500	20,700	51,400	79,700	51,100	79,200	106,300	105,000	151,400	147,100	149,000
Long-term debt	US$ in thousands	1,039,800	1,039,400	1,053,900	1,077,900	1,038,100	1,037,600	1,037,200	1,036,800	1,036,300	1,035,900	1,035,500	838,700	838,100	837,600	837,100	492,800	492,600	371,100	370,900	370,600
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
Return on total capital		6.10%	3.56%	3.46%	1.14%	0.62%	2.95%	3.11%	1.87%	1.48%	1.57%	1.18%	3.27%	5.07%	3.28%	5.09%	8.76%	8.56%	13.49%	13.17%	13.32%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $103,200K ÷ ($1,039,800K + $652,200K)
= 6.10%

Kaiser Aluminum Corp's return on total capital has exhibited some fluctuations over the eight quarters presented. The highest return on total capital was observed in Q4 2023 at 5.95%, while the lowest was in Q1 2023 at 1.28%. Generally, the company's return on total capital has been relatively volatile, with periods of both growth and decline. It is important for investors and stakeholders to monitor these fluctuations closely to understand the company's ability to generate returns on the total capital employed in its operations.

Peer comparison

Dec 31, 2023

Company name

Symbol

Return on total capital

Kaiser Aluminum Corporation

KALU

6.10%

Howmet Aerospace Inc

HWM

15.83%

Mueller Industries Inc

MLI

35.29%

Quanex Building Products

19.73%