Metallus Inc (MTUS)

Activity ratios

Short-term

Turnover ratios

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
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
Receivables turnover 11.25 11.71 9.07 8.94 9.63 15.37 13.73 8.76 9.90 12.69 8.85 8.34 8.69 12.98 10.31 14.22 11.45 15.44 12.81 10.32
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
Working capital turnover 3.30 3.25 2.91 2.93 3.19 3.39 3.52 3.42 3.62 3.85 4.01 4.59 4.12 4.65 5.94 4.88 4.04 4.14 4.66 4.62

Metallus Inc's activity ratios show fluctuations over the past few quarters. The inventory turnover ratio has fluctuated between 4.42 and 6.66, indicating that the company's ability to sell and replenish its inventory has varied. The receivables turnover ratio has also exhibited variability between 8.34 and 15.37, suggesting that the company's efficiency in collecting receivables has been inconsistent.

Similarly, the payables turnover ratio has fluctuated between 6.56 and 21.83, indicating changes in how quickly the company is paying its suppliers. The working capital turnover ratio has shown inconsistency between 2.91 and 5.94, reflecting variations in how effectively the company is utilizing its working capital to generate sales.

Overall, these activity ratios highlight the need for Metallus Inc to closely monitor and potentially improve its inventory management, receivables collection, payables management, and working capital utilization to enhance its operational efficiency and financial performance.

Average number of days

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
Days of inventory on hand (DOH) days 69.14 65.90 75.36 78.25 70.12 54.84 57.51 74.96 69.97 66.33 72.96 76.55 82.65 72.35 64.06 71.76 72.47 79.03 73.27 73.31
Days of sales outstanding (DSO) days 32.44 31.16 40.23 40.83 37.91 23.75 26.59 41.65 36.87 28.76 41.26 43.77 42.01 28.13 35.41 25.67 31.88 23.64 28.48 35.36
Number of days of payables days 42.33 38.53 43.82 48.42 49.66 32.26 34.63 53.69 51.24 44.63 44.85 47.02 55.61 36.30 27.12 16.72 28.93 19.43 20.72 26.53

Metallus Inc's activity ratios indicate the efficiency of the company's operations in managing its inventory, receivables, and payables.

The Days of Inventory on Hand (DOH) for the most recent period stood at 69.14 days, showing an upward trend from the previous quarter. This suggests that the company is taking longer to sell its inventory, which may tie up working capital and result in potential obsolescence issues.

The Days of Sales Outstanding (DSO) measure for the current period was 32.44 days, indicating an increase compared to the prior quarter. This suggests that Metallus Inc is taking longer to collect payments from its customers, potentially leading to cash flow constraints and increased credit risk.

In terms of the Number of Days of Payables, the company took 42.33 days to pay its suppliers in the most recent period, showing an increase compared to the previous quarter. This indicates that Metallus Inc is taking longer to settle its payables, which could strain relationships with suppliers or indicate potential liquidity issues.

Overall, Metallus Inc may need to focus on improving its inventory management, receivables collection process, and payables payment efficiency to enhance its working capital management and overall operational performance.

Long-term

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
Fixed asset turnover 2.74 2.70 2.53 2.46 2.53 2.58 2.83 2.86 2.67 2.50 2.20 1.88 1.52 1.44 1.44 1.52 1.78 1.91 2.14 2.33
Total asset turnover 1.16 1.13 1.07 1.04 1.08 1.16 1.22 1.15 1.13 1.10 1.03 0.95 0.80 0.83 0.85 0.90 1.02 1.10 1.24 1.28

Metallus Inc's long-term activity ratios, specifically the fixed asset turnover and total asset turnover ratios, provide insights into the company's efficiency in utilizing its assets to generate revenue.

The fixed asset turnover ratio has exhibited a fluctuating trend over the recent quarters. The ratio ranged from 1.44 to 2.86, with the highest value of 2.86 observed in Jun 30, 2022. This indicates that, on average, each dollar invested in fixed assets generated $2.86 of revenue during that period. The ratio decreased slightly in the latest quarter, which may suggest a potential decrease in efficiency in generating revenue from fixed assets.

On the other hand, the total asset turnover ratio also experienced fluctuations but generally showed a decreasing trend over the quarters. The ratio ranged from 0.80 to 1.28, with a peak value recorded in Dec 31, 2019. The most recent value of 1.16 in Mar 31, 2024 indicates that each dollar of total assets generated $1.16 of revenue during that period.

Overall, Metallus Inc's performance in terms of both fixed asset turnover and total asset turnover ratios suggests varying levels of efficiency in utilizing its assets to generate revenue. Management may need to closely monitor and evaluate asset utilization to improve operational efficiency and overall financial performance.