Metallus Inc (MTUS)

Return on assets (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
Net income (ttm)	US$ in thousands	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	-110,000	-54,800	-32,600
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
ROA		6.78%	5.90%	3.02%	-0.28%	3.73%	6.02%	13.85%	17.97%	16.72%	14.76%	9.06%	3.49%	-3.07%	-6.23%	-13.59%	-13.63%	-12.47%	-10.14%	-4.95%	-2.76%

March 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $79,000K ÷ $1,165,800K
= 6.78%

The return on assets (ROA) of Metallus Inc has shown fluctuating performance over the analyzed period. ROA is a measure of how efficiently a company is using its assets to generate profit. From December 2019 to March 2020, the ROA was negative, indicating that the company was not effectively utilizing its assets to generate profits during that period.

From June 2020 to September 2022, the ROA steadily increased, reaching its peak at 17.97% in June 2022. This indicates that during this period, the company was able to generate higher profits relative to its total assets, showcasing strong operational efficiency.

However, starting from September 2022, the ROA began to decline consistently until December 2023. The negative trend suggests that the company's profitability in relation to its assets deteriorated during this period.

In the most recent quarter ending March 31, 2024, the ROA improved to 6.78%, indicating a positive trend in profitability relative to assets compared to the previous quarters.

Overall, the analysis of Metallus Inc's ROA reveals a mixed performance characterized by fluctuations in operational efficiency and profitability over the analyzed period. Continued monitoring of ROA will be important to assess the company's ability to effectively utilize its assets for generating profits in the future.