United States Steel Corporation (X)

Activity ratios

Short-term

Turnover ratios

	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
Receivables turnover	—	—	—	—	—	—	—	—	12.88	10.98	8.88	9.05	9.71	7.16	6.76	6.58	9.80	9.10	11.43	10.40
Payables turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Working capital turnover	8.41	7.03	6.76	6.64	6.03	5.08	5.05	5.75	5.39	5.21	5.17	5.50	6.14	6.22	11.45	9.64	5.48	5.62	3.86	6.38

Activity ratios provide insights into how effectively a company is managing its assets to generate sales. Let's analyze the activity ratios of United States Steel Corporation based on the provided data:

1. Inventory Turnover: This ratio measures how efficiently the company is managing its inventory. The trend shows some fluctuations over the periods, with a peak of 7.77 in September 2020 and a low of 4.31 in June 2022. The average turnover rate is around 6.62, indicating that inventory is turned over approximately 6.62 times a year on average.

2. Receivables Turnover: This ratio reflects how quickly the company collects its accounts receivable. The data shows variations in receivables turnover, such as a peak of 12.88 in December 2022. However, there is missing data for the latter periods, making it difficult to analyze the trend accurately.

3. Payables Turnover: Unfortunately, there is no data provided for payables turnover, which could have given insights into how efficiently the company pays its suppliers.

4. Working Capital Turnover: This ratio highlights how well the company is utilizing its working capital to generate revenue. The trend shows fluctuations but overall indicates a turnover rate of around 6.09. This suggests that for every dollar of working capital invested, the company generates approximately $6.09 in revenue.

In conclusion, United States Steel Corporation has shown varying efficiency in managing its assets to drive sales, as indicated by the different activity ratios analyzed. Further analysis and benchmarking against industry peers would provide a more comprehensive understanding of the company's performance in asset management.

Average number of days

		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
Days of inventory on hand (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
Days of sales outstanding (DSO)	days	—	—	—	—	—	—	—	—	28.33	33.24	41.10	40.35	37.61	50.95	53.98	55.45	37.25	40.10	31.94	35.10
Number of days of payables	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

United States Steel Corporation's Days of Inventory on Hand (DOH) ratio fluctuated over the years, with the lowest level recorded at 46.95 days on June 30, 2024, and the highest at 84.78 days on June 30, 2022. The average DOH ratio over the period indicates that the company holds its inventory for approximately 60 days before it is sold.

In terms of Days of Sales Outstanding (DSO), the company collected its receivables in an average of 40 days. Notably, there is missing data for DSO after December 31, 2021, which limits a complete assessment of the trend.

Regarding the Number of Days of Payables ratio, all data points are missing, indicating a lack of information on the company's payment practices to its suppliers.

Overall, analyzing activity ratios provides insights into United States Steel Corporation's inventory management, sales collection efficiency, and payment practices, which are essential factors in understanding its operational performance and liquidity position.

Long-term

	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
Fixed asset turnover	1.31	1.40	1.50	1.64	1.74	1.84	2.02	2.29	2.48	2.80	3.10	2.95	2.80	2.33	1.84	1.41	1.79	1.84	1.98	2.25
Total asset turnover	0.77	0.79	0.83	0.87	0.88	0.89	0.94	1.04	1.08	1.12	1.16	1.14	1.14	0.99	0.85	0.73	0.81	0.85	0.86	0.99

The fixed asset turnover ratio for United States Steel Corporation has shown some fluctuations over the reported periods. The ratio decreased from 2.25 on March 31, 2020, to 1.31 on December 31, 2024. It experienced a notable decline in the subsequent years, with a decreasing trend observed from March 31, 2021, to December 31, 2024.

On the other hand, the total asset turnover ratio exhibited a similar declining pattern for the company. The ratio decreased from 0.99 on March 31, 2020, to 0.77 on December 31, 2024. Similar to the fixed asset turnover ratio, the total asset turnover ratio witnessed a continuous decrease from March 31, 2021, to December 31, 2024.

Overall, the declining trends of both the fixed asset turnover and total asset turnover ratios indicate that United States Steel Corporation may be experiencing inefficiencies in utilizing its assets to generate revenue over the reporting periods. This could be a point of concern for stakeholders and management, who should closely monitor and address the declining efficiency in asset utilization.