United States Steel Corporation (X)
Number of days of payables
| 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 | ||
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| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for United States Steel Corp. has fluctuated over the past eight quarters, ranging from a low of 3.11 days in Q4 2022 to a high of 4.14 days in Q3 2023. The average number of days of payables during this period is approximately 3.61 days.
A lower number of days of payables generally indicates that the company is paying its suppliers more quickly, which could be a positive sign of strong cash flow management. Conversely, a higher number of days of payables may suggest that the company is taking longer to pay its suppliers, potentially straining supplier relationships.
Overall, monitoring the trend in the number of days of payables can provide insight into United States Steel Corp.'s payment practices and financial health.
Peer comparison
Dec 31, 2023
See also:
United States Steel Corporation Average Payables Payment Period (Quarterly Data)