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.
Peer comparison
Mar 31, 2024