Metallus Inc (MTUS)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,262,800 | 1,280,600 | 1,160,700 | 899,900 | 1,302,000 |
| Inventory | US$ in thousands | 228,000 | 192,400 | 210,900 | 178,400 | 281,900 |
| Inventory turnover | 5.54 | 6.66 | 5.50 | 5.04 | 4.62 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,262,800K ÷ $228,000K
= 5.54
The inventory turnover for Metallus Inc has shown a fluctuating trend over the past five years. In 2023, the inventory turnover decreased to 5.54 compared to the previous year of 6.66 in 2022. Despite this decrease, the turnover ratio remains relatively healthy, indicating that the company is efficiently managing its inventory levels. Over the past five years, there has been a general increasing trend in inventory turnover, suggesting improvements in inventory management efficiency. However, it is important for the company to monitor inventory turnover closely to ensure optimal management of its inventory levels and avoid overstocking or stockouts.
Peer comparison
Dec 31, 2023