Metallus Inc (MTUS)

Fixed asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Revenue (ttm)	US$ in thousands	1,350,100	1,329,300	1,232,100	1,191,500	1,223,800	1,253,800	1,374,100	1,401,200	1,337,600	1,275,500	1,151,000	1,011,500	836,600	821,400	837,100	904,500	1,086,500	1,196,700	1,376,200	1,511,300
Property, plant and equipment	US$ in thousands	492,400	492,500	487,600	485,300	482,800	486,100	485,100	489,700	500,800	510,200	522,500	537,300	550,000	569,800	582,400	595,400	608,700	626,400	643,000	649,700
Fixed asset turnover		2.74	2.70	2.53	2.46	2.53	2.58	2.83	2.86	2.67	2.50	2.20	1.88	1.52	1.44	1.44	1.52	1.78	1.91	2.14	2.33

March 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,350,100K ÷ $492,400K
= 2.74

Metallus Inc's fixed asset turnover ratio has fluctuated over the past few periods. The fixed asset turnover ratio measures the efficiency of a company in generating sales from its fixed assets.

Looking at the trend, the fixed asset turnover ratio has generally been increasing from 1.44 in September 2020 to 2.74 in March 2024. This indicates that Metallus Inc has been able to generate more sales relative to its investment in fixed assets over time.

However, there are fluctuations in the ratio, with some periods showing higher turnover ratios (such as 2.86 in June 2022) and others showing lower ratios (like 1.44 in September 2020). These fluctuations may be due to changes in the company's sales volumes, asset utilization, or asset base.

Overall, a higher fixed asset turnover ratio indicates better efficiency in utilizing fixed assets to generate sales. Metallus Inc's increasing trend in fixed asset turnover is a positive sign, suggesting improved operational efficiency and effective asset management.