Metallus, Inc (MTUS)
Working capital 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 current assets | US$ in thousands | 587,300 | 656,800 | 556,600 | 582,300 | 357,600 |
| Total current liabilities | US$ in thousands | 281,500 | 248,400 | 186,700 | 250,800 | 181,000 |
| Working capital turnover | 3.54 | 3.34 | 3.53 | 3.78 | 4.70 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,084,000K ÷ ($587,300K – $281,500K)
= 3.54
The working capital turnover of Metallus, Inc has shown a declining trend over the past five years. The ratio was 4.70 in December 31, 2020, indicating that the company generated $4.70 in revenue for every dollar of working capital invested. However, this ratio decreased to 3.78 by December 31, 2021, and further to 3.53 by December 31, 2022.
Although there was a slight increase in the working capital turnover to 3.54 by December 31, 2024, overall, the trend suggests that the company may be becoming less efficient in utilizing its working capital to generate sales. This could indicate potential issues with managing inventory, accounts receivable, or accounts payable.
Further analysis and investigation may be needed to understand the underlying reasons for this decline in working capital turnover and to identify areas for improvement in the company's working capital management.
Peer comparison
Dec 31, 2024