Metallus Inc (MTUS)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	1,329,300	1,253,800	1,275,600	843,400	1,228,200
Receivables	US$ in thousands	113,500	81,600	100,500	63,300	77,500
Receivables turnover		11.71	15.37	12.69	13.32	15.85

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $1,329,300K ÷ $113,500K
= 11.71

The receivables turnover ratio for Metallus Inc has exhibited some fluctuations over the past five years. The ratio has ranged from a low of 11.71 in 2023 to a high of 15.85 in 2019. A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more efficiently.

The decreasing trend in the receivables turnover ratio from 2019 to 2023 suggests that Metallus Inc may be taking a longer time to collect its receivables in recent years or that its credit policies have become more lenient. This could potentially impact the company's cash flow and liquidity position.

It is advisable for Metallus Inc to closely monitor its accounts receivable management practices and consider tightening credit policies or implementing more efficient collection strategies to improve its receivables turnover ratio and overall financial performance.