Metallus, Inc (MTUS)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,084,000 | 1,362,400 | 1,304,400 | 1,252,000 | 830,700 |
| Total assets | US$ in thousands | 1,116,700 | 1,175,300 | 1,082,000 | 1,158,900 | 994,000 |
| Total asset turnover | 0.97 | 1.16 | 1.21 | 1.08 | 0.84 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,084,000K ÷ $1,116,700K
= 0.97
Metallus, Inc has shown varying levels of total asset turnover over the past few years. The total asset turnover ratio measures the company's efficiency in generating sales revenue relative to its total assets.
In December 2020, Metallus's total asset turnover was 0.84, indicating that the company generated $0.84 in sales for every dollar of total assets. This suggests that the company may not have been effectively utilizing its assets to drive sales during that period.
By December 2021, the total asset turnover had increased to 1.08, showing an improvement in the company's efficiency in generating sales from its assets. The ratio further improved to 1.21 by December 2022, indicating that Metallus was becoming more adept at utilizing its assets to generate sales revenue.
However, in December 2023, the total asset turnover decreased slightly to 1.16, suggesting a potential dip in efficiency in generating sales revenue compared to the previous year. This decrease was further reflected in December 2024, where the ratio dropped to 0.97, indicating that Metallus may have experienced challenges in utilizing its assets to drive sales during that period.
Overall, Metallus, Inc's total asset turnover has shown fluctuations over the years, highlighting the importance of consistently monitoring and managing asset utilization to optimize sales generation.
Peer comparison
Dec 31, 2024