United States Steel Corporation (X)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,640,000 | 18,053,000 | 21,065,000 | 20,275,000 | 9,741,000 |
| Property, plant and equipment | US$ in thousands | 11,973,000 | 10,393,000 | 8,492,000 | 7,254,000 | 5,444,000 |
| Fixed asset turnover | 1.31 | 1.74 | 2.48 | 2.80 | 1.79 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $15,640,000K ÷ $11,973,000K
= 1.31
United States Steel Corporation's fixed asset turnover has shown fluctuations over the past five years. The ratio increased from 1.79 in December 31, 2020, to 2.80 in December 31, 2021, indicating that the company generated $2.80 in sales for every dollar invested in fixed assets. However, there was a slight decrease in the ratio to 2.48 by December 31, 2022.
Subsequently, by December 31, 2023, the fixed asset turnover declined significantly to 1.74, suggesting a lower efficiency in utilizing fixed assets to generate sales. This was followed by a further drop to 1.31 by December 31, 2024, indicating a continued decrease in the company's ability to generate revenue from its fixed assets.
Overall, the trend in fixed asset turnover for United States Steel Corporation demonstrates some variability and a general trend of decrease from 2021 to 2024. This may indicate changes in the company's operational efficiency and management of its fixed assets during this period. It is important for stakeholders to closely monitor this ratio to assess the company's utilization of its fixed assets effectively.
Peer comparison
Dec 31, 2024