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.