United States Steel Corporation (X)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Inventory turnover		6.70	7.50	7.77	7.52	7.75	7.11	6.65	6.91	7.40	4.88	4.31	4.46	5.02	6.47	6.20	5.97	7.31	7.75	7.04	5.97
DOH	days	54.45	48.68	46.95	48.52	47.10	51.34	54.92	52.83	49.35	74.79	84.78	81.83	72.65	56.45	58.90	61.17	49.95	47.09	51.87	61.16

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.70
= 54.45

United States Steel Corporation's days of inventory on hand (DOH) have fluctuated over the past few years. The company's DOH was around 60 days in early 2020, reflecting an average holding period for its inventory. However, by the end of 2021, the DOH had increased significantly to over 70 days, indicating a longer time for the company to sell off its inventory.

The DOH decreased in the first half of 2022 but remained relatively high compared to previous years. From mid-2022 to early 2024, the DOH stayed within a range of 45 to 55 days, suggesting some improvement in inventory management efficiency compared to the peak in late 2021.

In summary, United States Steel Corporation's DOH has shown variability over the review period, with notable increases and decreases. It is important for the company to monitor its inventory levels closely to ensure optimal balance between stock on hand and sales demand to avoid overstocking or stockouts.