United States Steel Corporation (X)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 240,000 | 799,000 | 3,160,000 | 4,946,000 | -1,075,000 |
| Total assets | US$ in thousands | 20,235,000 | 20,451,000 | 19,458,000 | 17,816,000 | 12,059,000 |
| Operating ROA | 1.19% | 3.91% | 16.24% | 27.76% | -8.91% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $240,000K ÷ $20,235,000K
= 1.19%
United States Steel Corporation's operating return on assets (ROA) has shown a significant improvement over the years based on the provided data. The ROA was -8.91% as of December 31, 2020, indicating a negative return. However, there has been a notable turnaround as the operating ROA surged to 27.76% by December 31, 2021, signifying a strong improvement in profitability.
Subsequently, the operating ROA declined to 16.24% by December 31, 2022, but still remained at a healthy level compared to the initial negative figure. By the end of December 31, 2023, the operating ROA further decreased to 3.91%, suggesting a slight dip in profitability.
The most recent data point, as of December 31, 2024, reveals that the operating ROA is at 1.19%, indicating a continued downward trend in returns generated from assets. Overall, the trend in operating ROA for United States Steel Corporation demonstrates an initial recovery from negative returns, followed by a period of strong profitability, and then a subsequent decline in returns over the years.
Peer comparison
Dec 31, 2024