Metallus Inc (MTUS)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 186,500 | 126,700 | 220,000 | 15,600 | 22,600 |
| Revenue | US$ in thousands | 1,329,300 | 1,253,800 | 1,275,600 | 843,400 | 1,228,200 |
| Gross profit margin | 14.03% | 10.11% | 17.25% | 1.85% | 1.84% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $186,500K ÷ $1,329,300K
= 14.03%
Over the past five years, Metallus Inc's gross profit margin has exhibited fluctuations. Notably, the gross profit margin saw a significant increase in 2021 compared to the preceding years, reaching 17.25%, indicating that the company was able to effectively control its production costs relative to its revenue. However, this improvement was followed by a decline in 2022 to 10.11%, suggesting potential challenges in maintaining cost efficiencies. In 2023, the gross profit margin further increased to 14.03%, indicating a recovery or potential strategic changes that positively impacted the company's cost structure. It is essential for Metallus Inc to continually monitor and manage its cost of goods sold to sustain or improve its gross profit margin in the future.
Peer comparison
Dec 31, 2023