United States Steel Corporation (X)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	15,640,000	16,275,000	16,853,000	17,743,000	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
Receivables	US$ in thousands	-26,000	-40,000	-40,000	-39,000	-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
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

December 31, 2024 calculation

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

The receivables turnover ratio, which indicates how efficiently a company is collecting cash from its customers, has varied for United States Steel Corporation over the reported periods. The trend shows some fluctuations in the efficiency of the company in collecting receivables.

The average receivables turnover ratio over the reported periods is approximately 9.49. This indicates that on average, United States Steel Corporation collected its accounts receivable approximately 9.49 times during the year. A higher turnover ratio is generally favorable as it suggests that the company is able to collect its outstanding receivables more quickly.

The receivables turnover ratio increased from March 31, 2020, to June 30, 2020, and reached a peak of 12.88 on December 31, 2022. This increase may indicate that the company was improving its collection efficiency during this period. However, from March 31, 2023, the data is not available, making it difficult to assess the most recent trends.

It is important for analysts to monitor the receivables turnover ratio over time to assess the company's ability to efficiently manage its accounts receivable. Fluctuations in this ratio may indicate changes in the company's credit policies, customer payment behavior, or potential financial distress that could impact cash flow and overall financial performance.