Kaiser Aluminum (Kaiser Aluminum) ROCE % : 9.15% (As of Mar. 2024)

View and export this data going back to 2006. Start your Free Trial

What is Kaiser Aluminum ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Kaiser Aluminum's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.15%.

Kaiser Aluminum ROCE % Historical Data

The historical data trend for Kaiser Aluminum's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kaiser Aluminum ROCE % Chart

Kaiser Aluminum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

8.17

5.21

1.39

0.54

5.48

Kaiser Aluminum Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															6.90	6.96	3.54	4.25	9.15

Kaiser Aluminum ROCE % Calculation

Kaiser Aluminum's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	103.2	/	( ( (2288.8 - 418.7)	+	(2267.4 - 370) )	/ 2 )
	=	103.2	/	( (1870.1	+	1897.4)	/ 2 )
	=	103.2	/	1883.75
	=	5.48 %

Kaiser Aluminum's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	174.4	/	( ( (2267.4 - 370)	+	(2299.8 - 384.7) )	/ 2 )
	=	174.4	/	( ( 1897.4	+	1915.1 )	/ 2 )
	=	174.4	/	1906.25
	=	9.15 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Kaiser Aluminum (NAS:KALU) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Kaiser Aluminum ROCE % Related Terms

Thank you for viewing the detailed overview of Kaiser Aluminum's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Kaiser Aluminum (Kaiser Aluminum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kaiser Aluminum Corp (NAS:KALU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KLU1:Germany KLU1:Germany

Address

1550 West McEwen Drive, Suite 500, Franklin, TN, USA, 37067

Website

https://www.kaiseraluminum.com

Kaiser Aluminum Corp produces and sells semi-fabricated specialty aluminum products primarily to industrial customers. The company purchases primary and scrap aluminum, primarily from its five largest suppliers, and processes it into specialized value-added products. It hedges its aluminum costs in an attempt to match commodity price changes between the time it purchases the raw materials and sells the finished products. Kaiser produces high-strength aluminum products for the aerospace industry, specialized aluminum extrusions for the automotive industry, and also sells products to customers in the general engineering industry. Nearly all of Kaiser's revenue is generated in the US, with the remainder coming from Canada. The company's operations are also located in the U.S. and Canada.

Executives

Ray Parkinson	officer: VP - Advanced Engineering	27422 PORTOLA PARKWAY, SUITE 200, FOOTHILL RANCH CA 92610-2831
Teresa Mosley Sebastian	director	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Vijai Narayan	officer: VP and CAO	1550 WEST MCEWEN DRIVE, SUITE 500, FRANKLIN TN 37067
Kevin W Williams	director	27422 PORTOLA PARKWAY, SUITE 200, FOOTHILL RANCH CA 92610
Michael C Arnold	director	C/O RYERSON HOLDING CORPORATION, 227 W. MONROE ST., 27TH FLOOR, CHICAGO IL 60606
Donald J Stebbins	director	C/O WABCO HOLDINGS INC., ONE CENTENNIAL AVENUE, PISCATAWAY NJ 08855
Richard P. Grimley	director	1550 WEST MCEWEN DRIVE, SUITE 500, FRANKLIN TN 37067
Brant Weaver	officer: VP - Strategic Development	27422 PORTOLA PARKWAY, SUITE 200, FOOTHILL RANCH CA 92610
Del L Miller	officer: VP - Metal Strategy	27422 PORTOLA PARKWAY, STE. 200, FOOTHILL RANCH CA 92610-2831
Jennifer Huey	officer: VP & Chief Accounting Officer	27422 PORTOLA PARKWAY, SUITE 200, FOOTHILL RANCH CA 92610
Blain Tiffany	officer: EVP - Sales & Marketing	3400 N. WOLF ROAD, FRANKLIN PARK IL 60131
Neal E West	officer: VP & Chief Accounting Officer	7565 IRVINE CENTER DRIVE, IRVINE CA 92618
Jack A Hockema	director, officer: President and CEO	C/O KAISER ALUMINUM CORP, 27422 PORTOLA PARKWAY, SUITE 350, FOOTHILL RANCH CA 92610-2831
Leo Wilfred Gerard	director	27422 PORTOLA PARKWAY, SUITE 200, FOOTHILL RANCH CA 92610
Keith Harvey	officer: SVP - Sales & Marketing	27422 PORTOLA PARKWAY, SUITE 200, FOOTHILL RANCH CA 92610-2831