United States Steel Corporation (X)

Total asset 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
Total assets	US$ in thousands	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	11,608,000	10,917,000	11,291,000	11,152,000
Total asset turnover		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	1.11	1.36	1.34	1.33

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $18,053,000K ÷ $20,451,000K
= 0.88

United States Steel Corp.'s total asset turnover has shown a declining trend over the past eight quarters, starting at 1.14 in Q1 2022 and decreasing steadily to 0.88 in Q4 2023. The company's total asset turnover indicates how efficiently it is utilizing its assets to generate revenue. A lower total asset turnover could imply that the company is less efficient in generating sales from its assets.

The decreasing trend in total asset turnover may suggest that United States Steel Corp. is facing challenges in effectively using its assets to generate revenue. It could indicate that the company's sales are not keeping pace with its total assets, possibly due to operational inefficiencies or decreased demand for its products.

Further analysis would be necessary to identify the specific factors contributing to the decline in total asset turnover and to devise strategies to improve efficiency and profitability. It is important for United States Steel Corp. to closely monitor and manage its asset turnover to ensure optimal utilization of resources and sustained financial performance.