United States Steel Corporation (X)

Receivables 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
Receivables	US$ in thousands	-26,000	-38,000	1,635,000	2,089,000	994,000
Receivables turnover		—	—	12.88	9.71	9.80

December 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $15,640,000K ÷ $-26,000K
= —

United States Steel Corporation's receivables turnover ratio, which measures how many times a company collects its average accounts receivable balance during a period, has shown fluctuations over the years. In 2020, the ratio was 9.80, indicating that the company collected its outstanding receivables approximately 9.80 times during the year. In 2021, the ratio decreased slightly to 9.71, suggesting a slightly slower collection of receivables compared to the previous year.

However, in 2022, there was a significant improvement in the receivables turnover ratio, which increased to 12.88. This indicates that the company was more efficient in collecting its accounts receivable compared to the previous years. It is essential to note that there is missing data for the years 2023 and 2024, which limits the ability to track the trend further.

Overall, the trend in the receivables turnover ratio for United States Steel Corporation shows some variability, but the improvement in 2022 suggests better management of accounts receivable and potentially more effective credit and collection policies during that period. The missing data for the subsequent years hinders a comprehensive analysis of the company's receivables turnover performance beyond 2022.