United States Steel Corporation (X)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	384,000	895,000	2,524,000	4,174,000	-1,165,000
Total assets	US$ in thousands	20,235,000	20,451,000	19,458,000	17,816,000	12,059,000
ROA		1.90%	4.38%	12.97%	23.43%	-9.66%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $384,000K ÷ $20,235,000K
= 1.90%

United States Steel Corporation's Return on Assets (ROA) has fluctuated significantly over the past five years. In December 31, 2020, the ROA was at a negative 9.66%, indicating that the company was not effectively utilizing its assets to generate profit. However, there has been a positive turnaround since then, with the ROA increasing to 23.43% by December 31, 2021. This significant improvement suggests that the company became more efficient in generating profit from its assets.

Subsequently, by December 31, 2022, the ROA decreased to 12.97%, showing a slight decline in asset efficiency. The trend continued into December 31, 2023, with the ROA decreasing to 4.38%, indicating a further decrease in the company's ability to generate profit from its assets.

By December 31, 2024, the ROA dropped even further to 1.90%, signifying a continued decline in asset efficiency. Overall, the fluctuating trend in United States Steel Corporation's ROA over the five-year period suggests varying levels of asset utilization and profitability. It is important for the company to focus on improving its asset efficiency to ensure sustainable profitability in the future.