United States Steel Corporation (X)

Return on assets (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
Net income (ttm)	US$ in thousands	895,000	1,149,000	1,340,000	1,841,000	2,524,000	3,419,000	4,931,000	4,965,000	4,174,000	3,154,000	918,000	-683,000	-1,165,000	-1,882,000	-1,732,000	-1,075,000	-630,000	630,000	1,005,000	1,151,000
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
ROA		4.38%	5.63%	6.60%	9.42%	12.97%	17.13%	24.83%	25.83%	23.43%	18.20%	5.71%	-4.65%	-9.66%	-16.04%	-13.80%	-8.69%	-5.43%	5.77%	8.90%	10.32%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $895,000K ÷ $20,451,000K
= 4.38%

United States Steel Corp.'s return on assets (ROA) has exhibited a declining trend over the past eight quarters, as evidenced by the decreasing percentages from Q1 2022 to Q4 2023. The ROA decreased from 25.83% in Q1 2022 to 4.38% in Q4 2023. This decline may indicate a decrease in the company's ability to generate profits relative to its total assets.

The company's ROA was at its peak in Q2 2022 at 24.83%, followed by a gradual decrease in subsequent quarters. This downward trend suggests that the company's efficiency in generating earnings from its assets has been diminishing over time.

The significant variations in ROA percentages over the quarters may indicate fluctuations in the company's profitability and asset utilization. A high ROA reflects efficient asset utilization and effective management, while a low ROA implies lower profitability relative to total assets.

Overall, the declining trend in United States Steel Corp.'s ROA warrants further analysis to understand the factors contributing to the decrease and to assess the company's financial performance and strategic direction.