United States Steel Corporation (X)
Total asset 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 |
| Total assets | US$ in thousands | 20,235,000 | 20,451,000 | 19,458,000 | 17,816,000 | 12,059,000 |
| Total asset turnover | 0.77 | 0.88 | 1.08 | 1.14 | 0.81 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $15,640,000K ÷ $20,235,000K
= 0.77
United States Steel Corporation's total asset turnover has shown fluctuations over the past five years, ranging from a low of 0.77 in December 31, 2024, to a high of 1.14 in December 31, 2021. The total asset turnover ratio measures a company's efficiency in generating sales revenue from its assets.
A higher total asset turnover ratio generally indicates that the company is effectively utilizing its assets to generate sales. United States Steel Corporation saw an improvement in this ratio from 2020 to 2021, suggesting more efficient asset utilization during that period. However, the ratio declined in 2022 and 2023 before reaching its lowest point in 2024, indicating a potential decrease in sales relative to total assets during those years.
Further analysis would be needed to understand the factors driving these fluctuations in total asset turnover and to assess the company's overall financial performance and asset management efficiency.
Peer comparison
Dec 31, 2024