United States Steel Corporation (X)

Cash conversion cycle

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Days of inventory on hand (DOH)	days	54.42	47.04	49.34	52.43	49.97
Days of sales outstanding (DSO)	days	—	—	28.33	37.61	37.25
Number of days of payables	days	—	—	—	—	—
Cash conversion cycle	days	54.42	47.04	77.67	90.03	87.21

December 31, 2024 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= 54.42 + — – —
= 54.42

The cash conversion cycle of United States Steel Corporation has shown fluctuations over the past five years.

As of December 31, 2020, the company had a cash conversion cycle of 87.21 days, indicating that it took approximately 87 days for the company to convert its investments in inventory and other resources into cash receipts from sales.

By December 31, 2021, the cash conversion cycle had increased slightly to 90.03 days, suggesting a longer period for the company to convert its resources into cash.

In the following year, as of December 31, 2022, there was a notable improvement with a decrease in the cash conversion cycle to 77.67 days, indicating a more efficient conversion of resources into cash.

The trend continued to improve by December 31, 2023, with a significant reduction in the cash conversion cycle to 47.04 days, reflecting enhanced efficiency in the company's cash management practices.

By December 31, 2024, the cash conversion cycle increased slightly to 54.42 days, but remained at a relatively low level compared to previous years.

Overall, the fluctuation in the cash conversion cycle of United States Steel Corporation indicates varying levels of efficiency in managing its working capital and converting assets into cash over the five-year period.