Metallus Inc (MTUS)

Receivables 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
Revenue (ttm)	US$ in thousands	1,350,100	1,329,300	1,232,100	1,191,500	1,223,800	1,253,800	1,374,100	1,401,200	1,337,600	1,275,500	1,151,000	1,011,500	836,600	821,400	837,100	904,500	1,086,500	1,196,700	1,376,200	1,511,300
Receivables	US$ in thousands	120,000	113,500	135,800	133,300	127,100	81,600	100,100	159,900	135,100	100,500	130,100	121,300	96,300	63,300	81,200	63,600	94,900	77,500	107,400	146,400
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

March 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,350,100K ÷ $120,000K
= 11.25

The receivables turnover of Metallus Inc has exhibited some fluctuations over the past few quarters. The ratio, which measures how efficiently the company is able to collect outstanding receivables from its customers, has ranged from a low of 8.34 in June 2021 to a high of 15.37 in December 2022.

The trend of receivables turnover indicates that the company has been able to effectively manage its accounts receivable in most quarters. A higher turnover signifies that Metallus Inc is collecting outstanding receivables more quickly, which can be indicative of strong credit and collection policies. Conversely, a lower turnover may suggest potential issues with collecting receivables in a timely manner.

Overall, the average receivables turnover for Metallus Inc over the periods provided is at a moderate level, with room for improvement in some quarters. Monitoring this ratio closely can help in assessing the efficiency of the company's credit and collection practices, as well as its overall liquidity and cash flow management.