Metallus Inc (MTUS)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	739,300	731,600	730,300	711,800	691,400	686,500	735,100	768,900	703,200	664,600	620,600	570,000	513,300	507,500	514,400	527,000	542,100	563,100	650,300	673,700
ROE		10.69%	9.49%	4.78%	-0.45%	6.13%	9.48%	21.14%	28.46%	28.20%	25.73%	16.29%	6.51%	-6.27%	-12.20%	-25.99%	-25.96%	-24.61%	-19.53%	-8.43%	-4.84%

March 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $79,000K ÷ $739,300K
= 10.69%

The return on equity (ROE) for Metallus Inc has varied significantly over the past few quarters. In the most recent quarter, ending on March 31, 2024, the ROE stood at 10.69%, showing an improvement from the previous quarter's 9.49%.

Looking back over the past year, there have been fluctuations in ROE, with some quarters showing positive returns while others reflected negative values. The highest ROE was recorded in the third quarter of 2022 at 28.46%, followed closely by the fourth quarter of 2022 at 28.20%. These quarters indicated a strong financial performance and efficient use of shareholders' equity.

However, there have also been periods of negative ROE, such as the first quarter of 2021 (-6.27%) and the second quarter of 2021 (-12.20%), indicating challenges in generating profits relative to the shareholders' equity invested.

Overall, the trend in ROE for Metallus Inc has been somewhat volatile, with peaks and troughs in performance over the past few quarters. It is important for the company to focus on sustaining and improving ROE in the long term to ensure efficient utilization of equity capital and create value for shareholders.