Metallus Common Shares(Mtus) Financials: Fixed Asset Turnover Compared To Industry Average, Plus Other Key Ratios
Growth Trend (Last 5 Years)
Growth - fixed asset turnover
This chart shows the historical trend of fixed asset turnover for MTUS compared to its industry average over the recent years.
Ratio Definition and Interpretation
Name: Fixed Asset Turnover
Definition: Fixed asset turnover shows how well the company’s long-term physical assets — factories, equipment, property — are being used to generate sales. A high ratio means the company’s facilities are productive and efficient. A low ratio might signal underused assets or over-investment in equipment that isn’t driving enough sales.
Interpretation:
• In '2021', MTUS's fixed asset turnover was 2.44, illustrating how efficiently fixed assets are generating revenue. Industry average for Steel/Iron Ore in '2021' stood at 3.47.
• In '2022', MTUS's fixed asset turnover was 2.60, illustrating how efficiently fixed assets are generating revenue. The increase since '2021' reflects strengthening financial performance. Industry average for Steel/Iron Ore in '2022' stood at 3.36. Industry average declined by 0.11 from previous year.
• In '2023', MTUS's fixed asset turnover was 2.72, illustrating how efficiently fixed assets are generating revenue. The increase since '2022' reflects strengthening financial performance. Industry average for Steel/Iron Ore in '2023' stood at 3.05. Industry average declined by 0.31 from previous year.
• In '2024', MTUS's fixed asset turnover was 2.12, illustrating how efficiently fixed assets are generating revenue. The decline from '2023' may indicate some operational or financial challenges. Industry average for Steel/Iron Ore in '2024' stood at 2.83. Industry average declined by 0.22 from previous year.
Overall, MTUS's fixed asset turnover has consistently declined during the past 4 years.
Formula: Fixed Asset Turnover = Net Sales / Net Fixed Assets
Good Range: Ranges from 1 to 5 depending on asset intensity.