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.
Peer comparison
Mar 31, 2024