Metallus Inc (MTUS)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	109,200	102,100	53,000	9,700	32,600	54,300	113,000	171,800	157,800	119,300	107,800	40,500	-25,400	-41,800	-74,000	-62,400	-41,200	-21,500	-1,000	9,000
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
Operating ROA		9.37%	8.69%	4.59%	0.84%	2.87%	5.02%	10.07%	14.11%	13.31%	10.29%	9.66%	3.81%	-2.42%	-4.21%	-7.52%	-6.22%	-3.85%	-1.98%	-0.09%	0.76%

March 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $109,200K ÷ $1,165,800K
= 9.37%

Based on the operating return on assets (operating ROA) data provided for Metallus Inc, there are fluctuations observed over the periods analyzed. The trend indicates some variability in the company's ability to generate operating profits from its assets efficiently.

The operating ROA ranged from negative values to positive values, indicating different levels of efficiency in asset utilization. Notably, the operating ROA was highest at 14.11% on June 30, 2022, and lowest at -7.52% on September 30, 2020.

Overall, the trend shows that Metallus Inc has experienced periods of both strong and weak operating profitability relative to its assets. The company should strive to maintain or improve its operating ROA consistently to ensure effective utilization of its assets and sustainable profitability. Further analysis of the factors impacting these fluctuations in operating ROA would be beneficial for understanding the company's operational performance in greater detail.