Metallus Inc (MTUS)
Total asset 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 |
Total assets | US$ in thousands | 1,165,800 | 1,175,300 | 1,153,800 | 1,148,500 | 1,135,300 | 1,082,000 | 1,122,300 | 1,217,300 | 1,186,000 | 1,158,900 | 1,116,400 | 1,063,100 | 1,048,100 | 994,000 | 983,700 | 1,003,700 | 1,070,000 | 1,085,200 | 1,107,300 | 1,179,600 |
Total asset turnover | 1.16 | 1.13 | 1.07 | 1.04 | 1.08 | 1.16 | 1.22 | 1.15 | 1.13 | 1.10 | 1.03 | 0.95 | 0.80 | 0.83 | 0.85 | 0.90 | 1.02 | 1.10 | 1.24 | 1.28 |
March 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,350,100K ÷ $1,165,800K
= 1.16
The total asset turnover of Metallus Inc has shown fluctuations over the past few quarters. The ratio indicates how efficiently the company is generating sales from its assets. A higher total asset turnover ratio generally implies that the company is effectively utilizing its assets to generate revenue.
From the data provided, we observe that the total asset turnover ratio ranged from a low of 0.80 in March 2021 to a high of 1.28 in June 2019. In recent quarters, the ratio has generally been above 1, indicating that the company has been able to generate more sales relative to its total assets.
It is important to note that the trend of the total asset turnover ratio should be analyzed in conjunction with other financial metrics and industry benchmarks to get a comprehensive understanding of the company's performance. Overall, the trend in the total asset turnover ratio for Metallus Inc suggests a varying level of efficiency in utilizing its assets to generate sales over the periods analyzed.
Peer comparison
Mar 31, 2024