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.
Peer comparison
Mar 31, 2024
Mar 31, 2024