United States Steel Corporation (X)
Number of days of payables
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Payables turnover | — | — | — | — | — | |
Number of days of payables | days | — | — | — | — | — |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The data provided indicates that the number of days of payables for United States Steel Corporation has not been explicitly stated for the years ending December 31, 2020 through 2024. Without this specific information, it is difficult to assess the efficiency of the company in managing its payables in relation to its suppliers. The number of days of payables is an important financial metric that typically reflects the average number of days it takes a company to pay its trade payables.
Without a value for the number of days of payables, we are unable to determine how long United States Steel Corporation takes to settle its financial obligations with its suppliers. It is often advantageous for a company to have a longer number of days of payables, as this implies it is taking longer to pay its suppliers, thereby potentially improving its cash flow and liquidity position. However, it is essential to strike a balance so as not to strain relationships with suppliers.
In conclusion, the lack of specific data on the number of days of payables for United States Steel Corporation for the years provided hinders a comprehensive analysis of the company's payment practices and working capital management effectiveness. Additional information would be required to evaluate this aspect of the company's financial performance.
Peer comparison
Dec 31, 2024
See also:
United States Steel Corporation Average Payables Payment Period