United States Steel Corporation (X)

Total asset 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
Total assets	US$ in thousands	20,235,000	20,633,000	20,416,000	20,448,000	20,451,000	20,395,000	20,309,000	19,540,000	19,458,000	19,958,000	19,858,000	19,224,000	17,816,000	17,333,000	16,084,000	14,689,000	12,059,000	11,731,000	12,551,000	12,366,000
Total asset turnover		0.77	0.79	0.83	0.87	0.88	0.89	0.94	1.04	1.08	1.12	1.16	1.14	1.14	0.99	0.85	0.73	0.81	0.85	0.86	0.99

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $15,640,000K ÷ $20,235,000K
= 0.77

Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. For United States Steel Corporation, the total asset turnover has shown fluctuations over the reporting periods provided. Starting at 0.99 on March 31, 2020, it decreased to 0.73 by March 31, 2021, indicating a decline in the company's ability to generate revenue from its assets.

However, from September 30, 2021, the total asset turnover started to improve steadily, reaching its peak at 1.16 on June 30, 2022. This suggests that the company became more efficient in utilizing its assets to generate revenue during this period.

Subsequently, the total asset turnover declined slightly but remained relatively stable around the range of 0.77 to 1.14 from December 31, 2022, to December 31, 2024. Overall, the trend indicates that United States Steel Corporation has made efforts to enhance asset utilization efficiency, with fluctuations likely influenced by various internal and external factors impacting the company's operations.