Metallus Inc (MTUS)

Payables 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
Payables	US$ in thousands	145,400	133,300	148,500	164,600	173,300	113,200	123,800	187,500	168,500	141,900	131,800	129,100	136,400	89,500	73,800	48,100	96,000	69,300	79,000	110,300
Payables turnover		8.62	9.47	8.33	7.54	7.35	11.31	10.54	6.80	7.12	8.18	8.14	7.76	6.56	10.06	13.46	21.83	12.62	18.79	17.62	13.76

March 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,253,800K ÷ $145,400K
= 8.62

The payables turnover ratio for Metallus Inc has fluctuated over the past few quarters, indicating variations in the company's ability to manage its accounts payable efficiently. The ratio ranged from a low of 6.56 to a high of 21.83 over the past eight quarters.

A higher payables turnover ratio suggests that the company is paying off its suppliers more frequently, which could be indicative of strong cash management practices or negotiating favorable credit terms. On the other hand, a lower ratio may imply that the company is taking longer to pay its suppliers, potentially straining relationships or missing out on early payment discounts.

In the most recent quarter, the payables turnover ratio was 8.62, showing a moderate level of efficiency in managing payables compared to previous periods. It would be important to delve deeper into the company's financial statements and operations to understand the reasons behind these fluctuations and assess the overall impact on Metallus Inc's financial health and vendor relationships.