United States Steel Corporation (X)

Cash conversion cycle

		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
Days of inventory on hand (DOH)	days	47.10	51.34	54.92	52.83	49.35	74.79	84.78	81.83	72.65	56.45	58.90	61.17	49.95	47.09	51.87	61.16	51.50	58.72	60.32	59.84
Days of sales outstanding (DSO)	days	—	—	—	—	28.33	33.24	41.10	40.35	37.61	50.95	53.98	55.45	37.25	40.10	31.94	35.10	26.97	29.03	34.19	36.59
Number of days of payables	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Cash conversion cycle	days	47.10	51.34	54.92	52.83	77.68	108.03	125.88	122.18	110.26	107.39	112.89	116.62	87.20	87.19	83.81	96.26	78.47	87.75	94.51	96.42

December 31, 2023 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= 47.10 + — – —
= 47.10

The cash conversion cycle of United States Steel Corp. has fluctuated over the past eight quarters, with values ranging from 76.54 days to 105.23 days. In Q4 2023, the company's cash conversion cycle was 77.24 days, indicating that it takes approximately 77 days to convert raw materials into cash from sales. This represents a slight improvement compared to the previous quarter, where the cycle was 79.63 days. However, the Q4 2023 figure is still higher than the lows observed in Q4 2022 and Q3 2022.

Overall, United States Steel Corp. has experienced volatility in its cash conversion cycle, with some quarters showing longer cycles than others. It is important for the company to closely monitor and manage this cycle to ensure efficient cash flow management and optimal utilization of resources.