Metallus, Inc (MTUS)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	986,300	1,175,900	1,203,200	1,062,900	815,100
Inventory	US$ in thousands	219,800	228,000	192,400	210,900	178,400
Inventory turnover		4.49	5.16	6.25	5.04	4.57

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $986,300K ÷ $219,800K
= 4.49

The inventory turnover for Metallus, Inc has shown a fluctuating trend over the past five years. In December 2020, the inventory turnover was 4.57, indicating that the company's inventory was turning over approximately 4.57 times during the year.

By December 2021, the inventory turnover had slightly increased to 5.04, suggesting an improvement in the management of inventory levels. However, in December 2022, there was a significant jump to 6.25, indicating that the company was more efficient in selling its inventory relative to the previous year.

In December 2023, the inventory turnover dropped to 5.16, which may indicate a slight decrease in the efficiency of inventory management or a change in sales patterns. Finally, as of December 2024, the inventory turnover decreased further to 4.49, potentially signaling challenges in managing inventory levels effectively.

Overall, while there have been fluctuations in inventory turnover, there is a notable improvement from 2020 to 2022, but a slight decline in subsequent years. Further analysis is recommended to understand the factors contributing to these changes and to assess the effectiveness of Metallus, Inc's inventory management strategies.