United States Steel Corporation (X)
Working capital 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 current assets | US$ in thousands | 5,232,000 | 6,943,000 | 7,866,000 | 7,152,000 | 4,432,000 |
| Total current liabilities | US$ in thousands | 3,373,000 | 3,948,000 | 3,959,000 | 3,852,000 | 2,656,000 |
| Working capital turnover | 8.41 | 6.03 | 5.39 | 6.14 | 5.48 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $15,640,000K ÷ ($5,232,000K – $3,373,000K)
= 8.41
United States Steel Corporation's working capital turnover has shown fluctuations over the years. The ratio increased from 5.48 in December 31, 2020, to 6.14 in December 31, 2021, indicating that the company efficiently utilized its working capital to generate revenue. However, there was a slight decrease in the ratio to 5.39 in December 31, 2022, which may suggest a lower efficiency in working capital management during that period.
The ratio improved again in December 31, 2023, reaching 6.03, showcasing a better utilization of working capital. The most significant improvement was observed in December 31, 2024, with a working capital turnover of 8.41. This substantial increase suggests that the company effectively turned its working capital into revenue, potentially through more efficient operations or sales strategies.
Overall, United States Steel Corporation's working capital turnover has been variable, but the general trend indicates an improvement in efficiency over the years, especially highlighted by the significant increase in 2024.
Peer comparison
Dec 31, 2024