Metallus, Inc (MTUS)

Inventory turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Cost of revenue (ttm)	US$ in thousands	986,300	1,043,400	1,131,500	1,163,800	1,175,900	1,154,900	1,162,900	1,194,300	1,203,200	1,223,400	1,187,700	1,113,500	1,064,400	975,500	908,300	806,200	815,200	863,100	931,600	1,095,500
Inventory	US$ in thousands	219,800	218,000	203,900	237,500	228,000	255,400	266,000	244,700	192,400	205,600	261,800	230,100	210,900	214,400	210,200	202,700	178,400	174,300	206,400	240,500
Inventory turnover		4.49	4.79	5.55	4.90	5.16	4.52	4.37	4.88	6.25	5.95	4.54	4.84	5.05	4.55	4.32	3.98	4.57	4.95	4.51	4.56

December 31, 2024 calculation

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

The inventory turnover for Metallus, Inc has shown some fluctuations over the past few years. Starting at 4.56 on March 31, 2020, it saw a slight decrease to 4.51 by June 30, 2020, before starting to rise again. The turnover increased gradually to reach a peak of 6.25 on December 31, 2022. However, it then experienced a decline to 4.49 by December 31, 2024.

Overall, Metallus, Inc has generally maintained a healthy inventory turnover ratio, indicating the efficiency with which the company is managing its inventory levels and generating sales from its inventory. The fluctuations in the ratio may be due to various factors such as changes in sales volumes, shifts in inventory management practices, or external market conditions impacting demand.

Analyzing the trends in inventory turnover can provide insights into the company's operational efficiency and inventory management strategies, helping stakeholders understand how effectively Metallus, Inc is utilizing its inventory to generate revenue.