United States Steel Corporation (X)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	18,053,000	21,065,000	20,275,000	9,741,000	12,937,000
Receivables	US$ in thousands	-38,000	1,635,000	2,089,000	994,000	956,000
Receivables turnover		—	12.88	9.71	9.80	13.53

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $18,053,000K ÷ $-38,000K
= —

The receivables turnover ratio measures the efficiency of United States Steel Corp. in collecting outstanding payments from its customers during a specific period. A higher ratio signifies a quicker turnover of receivables, indicating that the company is collecting payments more rapidly.

The trend analysis of United States Steel Corp.'s receivables turnover shows fluctuations over the past five years. In 2019, the receivables turnover ratio was 10.99, indicating that the company collected its accounts receivable approximately 10.99 times during the year. The ratio increased in 2020 to 9.80 but then improved significantly in 2021 to 9.71 before increasing again in 2022 to 12.88. Notably, in 2023, the receivables turnover decreased to 11.66.

The variations in the receivables turnover ratio could be due to changes in the company's credit policies, customer payment behaviors, or the overall economic environment. A higher receivables turnover ratio generally reflects efficient credit management practices and effective collection efforts. However, a significant decrease in the ratio might indicate potential issues in collecting payments promptly.

Overall, United States Steel Corp. has shown fluctuations in its receivables turnover ratio over the past five years, with some improvements and declines. Further analysis and comparison with industry benchmarks could provide additional insights into the company's efficiency in managing its accounts receivable.