Metallus Inc (MTUS)
Return on total capital
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 110,800 | 99,100 | 91,200 | 44,300 | 80,700 | 101,100 | 166,700 | 230,200 | 210,400 | 183,000 | 112,000 | 49,600 | -19,600 | -48,100 | -128,000 | -136,300 | -134,800 | -110,400 | -46,300 | -16,900 |
Long-term debt | US$ in thousands | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — | 44,700 | 39,300 | 20,000 | 60,000 | 139,800 | 168,600 | 187,400 | 221,300 |
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 |
Return on total capital | 14.99% | 13.55% | 12.49% | 6.22% | 11.67% | 14.73% | 22.68% | 29.94% | 29.92% | 27.54% | 18.05% | 8.70% | -3.51% | -8.80% | -23.95% | -23.22% | -19.77% | -15.09% | -5.53% | -1.89% |
March 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $110,800K ÷ ($0K + $739,300K)
= 14.99%
Metallus Inc's return on total capital has shown fluctuations over the past few quarters. The return on total capital increased steadily from Jun 30, 2021, to Dec 31, 2021, reaching a peak of 29.92%. However, the return decreased sharply to -3.51% in Mar 31, 2022, and further declined to -8.80% by Dec 31, 2022.
There was a significant turnaround in the performance in the first quarter of 2023, with the return on total capital rising to 11.67%. This positive trend continued as the return increased to 14.99% by Mar 31, 2024, indicating an improvement in utilizing the total capital efficiently to generate returns for the company.
Overall, the company's return on total capital has shown volatility, with some periods of strong performance and others showing weaknesses. It is important for stakeholders to monitor this metric closely to assess the company's ability to generate profits from the capital invested.
Peer comparison
Mar 31, 2024