Metallus Inc (MTUS)
Total asset 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 |
| Total assets | US$ in thousands | 1,175,300 | 1,082,000 | 1,158,900 | 994,000 | 1,085,200 |
| Total asset turnover | 1.13 | 1.16 | 1.10 | 0.85 | 1.13 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,329,300K ÷ $1,175,300K
= 1.13
Metallus Inc's total asset turnover ratio has fluctuated over the past five years. In 2023, the total asset turnover ratio was 1.13, indicating that the company generated $1.13 in revenue for every $1 of assets. This suggests efficient utilization of assets to generate sales.
Comparing this to previous years, the total asset turnover ratio was 1.16 in 2022, 1.10 in 2021, 0.85 in 2020, and 1.13 in 2019. The company experienced a decrease in the ratio in 2020, signaling potential inefficiency in asset utilization that year. However, the ratio recovered in subsequent years, including the most recent data for 2023.
Overall, Metallus Inc's total asset turnover ratio has displayed variance but has generally maintained levels indicative of effective management in leveraging assets to generate revenue. Tracking this ratio over time can provide insights into the company's operational efficiency and effectiveness in utilizing its assets for revenue generation.
Peer comparison
Dec 31, 2023