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