Metallus Inc (MTUS)

Fixed asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	1,329,300	1,253,800	1,275,600	843,400	1,228,200
Property, plant and equipment	US$ in thousands	492,500	486,100	510,200	569,800	626,400
Fixed asset turnover		2.70	2.58	2.50	1.48	1.96

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,329,300K ÷ $492,500K
= 2.70

The fixed asset turnover ratio for Metallus Inc has been showing an increasing trend over the past five years, indicating improvements in how efficiently the company is generating revenue from its fixed assets.

In 2023, the fixed asset turnover ratio reached 2.70, the highest among the five years presented. This suggests that for each dollar invested in fixed assets, the company generated $2.70 in revenue, reflecting a strong operational performance in utilizing its fixed assets effectively.

The consistent increase in the fixed asset turnover ratio from 1.96 in 2019 to 2.70 in 2023 demonstrates the company's ability to optimize the utilization of its fixed assets to drive sales growth. This could be attributed to effective asset management, increased productivity, or improved operational efficiency within the organization.

Overall, the rising trend in the fixed asset turnover ratio highlights Metallus Inc's ability to efficiently leverage its fixed assets to generate revenue, which is a positive indicator of the company's operational efficiency and effectiveness in utilizing its asset base.