Metallus Inc (MTUS)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	1,253,800	1,262,800	1,237,000	1,240,700	1,273,800	1,280,600	1,304,800	1,274,700	1,200,400	1,160,600	1,072,600	1,002,200	895,200	900,000	993,200	1,049,900	1,211,300	1,302,000	1,391,900	1,517,600
Inventory	US$ in thousands	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	281,900	279,400	304,800
Inventory turnover		5.28	5.54	4.84	4.66	5.21	6.66	6.35	4.87	5.22	5.50	5.00	4.77	4.42	5.04	5.70	5.09	5.04	4.62	4.98	4.98

March 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,253,800K ÷ $237,500K
= 5.28

The inventory turnover ratio for Metallus Inc has fluctuated over the past few quarters, with values ranging from as low as 4.42 to as high as 6.66. Generally, a higher inventory turnover ratio indicates that the company is effectively managing its inventory and selling goods more quickly.

Over the specified period, the inventory turnover ratio peaked at 6.66 in December 2023, reflecting efficient inventory management and a faster rate of sales. The ratio trended downwards in subsequent quarters, showing a slight decrease to 5.54 in December 2023 and further declines in the following quarters.

While the inventory turnover ratio dipped to 4.42 in March 2021, it subsequently picked up and remained relatively stable around the 5.00 to 5.50 range during the later quarters of 2021 and into 2022. This stability indicates a consistent performance in managing inventory levels and converting them into sales.

Overall, despite some fluctuations, the inventory turnover ratio for Metallus Inc generally suggests that the company is maintaining a healthy balance between managing its inventory efficiently and generating sales. However, it may be beneficial for the company to closely monitor its inventory levels and sales performance to ensure continued effectiveness in inventory management and optimization.