United States Steel Corporation (X)

Days of inventory on hand (DOH)

		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	Mar 31, 2019
Inventory turnover		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	7.09	6.22	6.05	6.10
DOH	days	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	51.50	58.72	60.32	59.84

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.75
= 47.10

United States Steel Corp.'s days of inventory on hand (DOH) has shown a decreasing trend over the past two years, indicating an improvement in inventory management efficiency. In Q4 2023, the company had 49.15 days of inventory on hand, down from 52.94 days in Q3 2023 and continuing the downward trend from previous quarters. This suggests that the company has been more effective in managing its inventory levels and reducing excess inventory, which can tie up resources and increase carrying costs. The current DOH of 49.15 days is also lower compared to the same period in the previous year, indicating a positive change in inventory management practices. Overall, the decreasing trend in DOH reflects potential improvements in United States Steel Corp.'s inventory control and operational efficiency.