Metallus, Inc (MTUS)

Return on assets (ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Net income (ttm)	US$ in thousands	1,300	24,000	54,700	79,000	69,400	34,900	-3,200	42,400	65,100	155,400	218,800	198,300	171,000	101,100	37,100	-32,200	-61,900	-133,700	-136,800	-133,400
Total assets	US$ in thousands	1,116,700	1,133,400	1,120,400	1,165,800	1,240,000	1,153,800	1,148,500	1,135,300	1,140,600	1,122,300	1,217,300	1,186,000	1,257,200	1,116,400	1,063,100	1,048,100	994,000	983,700	1,003,700	1,070,000
ROA		0.12%	2.12%	4.88%	6.78%	5.60%	3.02%	-0.28%	3.73%	5.71%	13.85%	17.97%	16.72%	13.60%	9.06%	3.49%	-3.07%	-6.23%	-13.59%	-13.63%	-12.47%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,300K ÷ $1,116,700K
= 0.12%

Metallus, Inc's return on assets (ROA) has shown a significant improvement over the past few quarters. The ROA was negative for the first half of 2020, indicating that the company's assets were not generating sufficient returns. However, starting from the second half of 2020, the ROA turned positive and has been steadily increasing since then.

The ROA reached its lowest point in the first quarter of 2021 at -3.07% and has been on an upward trend since then, reaching a peak of 17.97% in the second quarter of 2022. This indicates that the company is effectively utilizing its assets to generate profits.

In the most recent quarters, the ROA has started to decline slightly but remains positive, indicating that Metallus, Inc is still generating returns from its assets, albeit at a slightly lower rate. Overall, the improving trend in ROA reflects positively on the company's ability to generate profits relative to its total assets.