Metallus Inc (MTUS)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	102,100	46,600	119,200	-70,800	-97,400
Revenue	US$ in thousands	1,329,300	1,253,800	1,275,600	843,400	1,228,200
Operating profit margin		7.68%	3.72%	9.34%	-8.39%	-7.93%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $102,100K ÷ $1,329,300K
= 7.68%

From the data provided, Metallus Inc's operating profit margin has exhibited fluctuations over the past five years. In 2023, the operating profit margin improved significantly to 7.68%, indicating that the company was able to generate a higher proportion of operating income relative to its revenue compared to the previous year. This improvement is a positive sign as it suggests better operational efficiency and cost management.

In 2022, the operating profit margin was 3.72%, a slight increase from the previous year but still relatively low compared to the other years in the data set. This level suggests that profitability might have been constrained by higher operating expenses or reduced revenues during that period.

The year 2021 saw a strong operating profit margin of 9.34%, indicating that the company was able to effectively manage its operating costs and generate a healthy level of profitability relative to its revenue.

Conversely, in 2020 and 2019, Metallus Inc experienced negative operating profit margins (-8.39% and -7.93% respectively). These negative figures suggest that the company's operating expenses exceeded its operating income during those years, resulting in operational losses.

Overall, it is important for Metallus Inc to continue monitoring and managing its operating profit margin to ensure sustainable and profitable operations in the future.