United States Steel Corporation (X)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	799,000	1,204,000	1,541,000	2,231,000	3,160,000	4,131,000	5,859,000	5,639,000	4,946,000	3,844,000	1,291,000	-275,000	-1,075,000	-1,494,000	-1,363,000	-716,000	-230,000	459,000	912,000	1,098,000
Total assets	US$ in thousands	20,451,000	20,395,000	20,309,000	19,540,000	19,458,000	19,958,000	19,858,000	19,224,000	17,816,000	17,333,000	16,084,000	14,689,000	12,059,000	11,731,000	12,551,000	12,366,000	11,608,000	10,917,000	11,291,000	11,152,000
Operating ROA		3.91%	5.90%	7.59%	11.42%	16.24%	20.70%	29.50%	29.33%	27.76%	22.18%	8.03%	-1.87%	-8.91%	-12.74%	-10.86%	-5.79%	-1.98%	4.20%	8.08%	9.85%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $799,000K ÷ $20,451,000K
= 3.91%

The operating return on assets (operating ROA) for United States Steel Corp. has exhibited a downward trend over the past eight quarters, decreasing from 27.68% in Q1 2022 to 4.07% in Q4 2023. This decline indicates a decrease in the company's ability to generate operating profit from its assets. The highest operating ROA was seen in Q2 2022 at 28.21%, suggesting a peak performance during that period.

The decreasing trend in operating ROA may raise concerns about the efficiency of asset utilization and operational profitability of the company. It is important for United States Steel Corp. to closely monitor and address the factors leading to this decline to enhance operational efficiency and profitability in the future. Furthermore, comparisons with industry benchmarks and competitors' ratios may provide additional insights into the company's relative performance and areas for improvement.