United States Steel Corporation (X)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	1,562,000	1,868,000	2,137,000	2,744,000	3,619,000	3,263,000	4,512,000	4,345,000	3,550,000	3,726,000	1,731,000	215,000	-503,000	-1,153,000	-1,452,000	-1,254,000	-1,146,000	-529,000	-114,000	416,000
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
Gross profit margin		8.65%	10.24%	11.24%	13.52%	17.18%	14.60%	19.52%	19.89%	17.51%	21.64%	12.74%	2.02%	-5.16%	-11.53%	-13.53%	-10.29%	-8.86%	-3.56%	-0.75%	2.80%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,562,000K ÷ $18,053,000K
= 8.65%

United States Steel Corp.'s gross profit margin has shown a declining trend over the past year. In Q4 2023, the company's gross profit margin was 12.46%, a decrease from the previous quarter. Compared to the same quarter in the previous year, the gross profit margin has significantly decreased from 20.36% to 12.46%. The downward trend in the gross profit margin indicates a decrease in the profitability of the company's core operations. This trend may raise concerns about the company's ability to efficiently manage its production costs and maintain profit margins in a competitive industry. It is important for stakeholders to closely monitor this trend to assess the company's financial health and performance going forward.