Metallus Inc (MTUS)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	69,400	65,100	171,000	-61,900	-110,000
Total assets	US$ in thousands	1,175,300	1,082,000	1,158,900	994,000	1,085,200
ROA		5.90%	6.02%	14.76%	-6.23%	-10.14%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $69,400K ÷ $1,175,300K
= 5.90%

Metallus Inc's return on assets (ROA) has varied over the past five years, ranging from negative to positive figures. The ROA for the most recent year, ending December 31, 2023, stands at 5.90%, showing a slight decrease from the previous year's 6.02%. The company experienced a significant decline in ROA in 2020, with a negative ROA of -6.23%, indicating a period of poor asset utilization.

However, there was a notable recovery in 2021, with ROA improving to 14.76%, reflecting a substantial increase in profitability relative to the assets employed. The trend reversed again in 2019, where the ROA was -10.14%, suggesting a significant loss relative to asset base.

Overall, the fluctuating ROA indicates volatility in the company's ability to generate profits from its assets efficiently. It is essential for stakeholders to closely monitor future performance to ensure sustainable profitability and effective asset management strategies.