Metallus, Inc (MTUS)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,300 | 69,400 | 65,100 | 171,000 | -61,900 |
| Total assets | US$ in thousands | 1,116,700 | 1,175,300 | 1,082,000 | 1,158,900 | 994,000 |
| ROA | 0.12% | 5.90% | 6.02% | 14.76% | -6.23% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,300K ÷ $1,116,700K
= 0.12%
The return on assets (ROA) for Metallus, Inc has shown significant fluctuations over the past five years. In December 31, 2020, the company had a negative ROA of -6.23%, indicating that the company was not effectively utilizing its assets to generate profits. However, there was a notable improvement in the following year, with ROA standing at 14.76% by December 31, 2021. This surge suggests that Metallus, Inc managed to enhance its asset efficiency and profitability.
Subsequently, the ROA declined to 6.02% by December 31, 2022, which still reflects a relatively healthy return on assets for the company. In the following year, by December 31, 2023, the ROA slightly decreased to 5.90%, indicating a slight dip in asset profitability.
By the end of December 31, 2024, the ROA further decreased to 0.12%, signaling a significant decline in asset efficiency and profitability for Metallus, Inc. This sharp decrease may indicate potential challenges faced by the company in effectively utilizing its assets to generate returns.
Overall, the analysis of Metallus, Inc's ROA demonstrates both positive and negative trends in asset profitability over the five-year period, highlighting the importance of continuously monitoring and improving asset utilization to drive business performance.
Peer comparison
Dec 31, 2024