Metallus Inc (MTUS)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 731,600 | 686,500 | 664,600 | 507,500 | 563,100 |
| ROE | 9.49% | 9.48% | 25.73% | -12.20% | -19.53% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $69,400K ÷ $731,600K
= 9.49%
The return on equity (ROE) of Metallus Inc has varied significantly over the past five years. In 2023, the ROE stands at 9.49%, showing a slight increase compared to the previous year's 9.48%. This indicates that the company is able to generate a profit of 9.49% on shareholders' equity for the year.
In 2021, Metallus Inc had a relatively high ROE of 25.73%, suggesting that the company was efficient in utilizing shareholder equity to generate profits. However, in 2020 and 2019, the company experienced negative ROE figures of -12.20% and -19.53% respectively, indicating that the company incurred losses in those years compared to the equity provided by shareholders.
The fluctuation in ROE over the years may be attributed to various factors such as changes in the company's profitability, financial leverage, and overall business performance. It is important for Metallus Inc to analyze the underlying reasons for these fluctuations and take appropriate measures to improve its ROE in the future to ensure sustainable growth and value creation for shareholders.
Peer comparison
Dec 31, 2023