United States Steel Corporation (X)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	18,053,000	18,247,000	19,019,000	20,301,000	21,065,000	22,349,000	23,110,000	21,845,000	20,275,000	17,215,000	13,591,000	10,657,000	9,741,000	10,003,000	10,732,000	12,186,000	12,937,000	14,876,000	15,158,000	14,855,000
Receivables	US$ in thousands	-38,000	-39,000	-40,000	-38,000	1,635,000	2,035,000	2,602,000	2,415,000	2,089,000	2,403,000	2,010,000	1,619,000	994,000	1,099,000	939,000	1,172,000	956,000	1,183,000	1,420,000	1,489,000
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	13.53	12.57	10.67	9.98

December 31, 2023 calculation

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

United States Steel Corp.'s receivables turnover ratio, which measures how efficiently the company is able to collect its accounts receivable, has fluctuated over the past eight quarters. In Q4 2023, the receivables turnover was 11.66, slightly lower than the previous quarter's 11.84. This indicates that the company collected its receivables approximately 11.66 times during the quarter.

Comparing this to Q3 2022, where the ratio was 8.88, there has been a significant improvement in the company's ability to collect receivables efficiently. However, the ratio in Q2 2022 was 10.20, showing a slight decline in Q4 2023.

Overall, United States Steel Corp. has shown relatively consistent performance in managing its receivables turnover over the past eight quarters, with some fluctuations seen in certain quarters. It is important for the company to continue monitoring and improving its receivables turnover to ensure stable cash flow and operational efficiency.