Metallus Inc (MTUS)
Pretax margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 108,200 | 96,400 | 88,400 | 41,200 | 77,300 | 97,100 | 162,100 | 225,300 | 204,700 | 176,700 | 103,800 | 39,600 | -30,900 | -60,700 | -140,900 | -149,800 | -149,500 | -126,100 | -62,500 | -33,900 |
| 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 |
| Pretax margin | 8.01% | 7.25% | 7.17% | 3.46% | 6.32% | 7.74% | 11.80% | 16.08% | 15.30% | 13.85% | 9.02% | 3.91% | -3.69% | -7.39% | -16.83% | -16.56% | -13.76% | -10.54% | -4.54% | -2.24% |
March 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $108,200K ÷ $1,350,100K
= 8.01%
The pretax margin for Metallus Inc has shown fluctuations over the past few quarters. It started the period with a negative pretax margin in Q1 2020 and Q2 2020, indicating that the company was operating at a loss before accounting for taxes during that time. However, there has been an improvement in the pretax margin since then, with positive figures recorded in subsequent quarters.
The pretax margin gradually increased from Q3 2020 to Q2 2022, reaching a peak of 16.08% in Q2 2022. This suggests that the company was able to effectively control its operating expenses and generate stronger operating profits relative to its revenues during this period.
However, there was a significant decline in the pretax margin from Q2 2022 to Q3 2022, dropping to 11.80%. This decline continued in the following quarters, with the pretax margin reaching its lowest point of 3.46% in Q2 2023.
There was a slight improvement in the pretax margin in Q3 2023 and Q4 2023, but it remained relatively lower compared to the peak levels seen in Q2 2022. The pretax margin for Q1 2024 stands at 8.01%, indicating a moderate recovery in profitability compared to the previous quarters.
Overall, the pretax margin trend for Metallus Inc shows fluctuations and variability in profitability levels. It is essential for the company to continue monitoring and managing its operating expenses and revenue generation to sustain and improve its pretax margin in the future.
Peer comparison
Mar 31, 2024