United States Steel Corporation (X)

Return on assets (ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	384,000	393,000	573,000	867,000	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
Total assets	US$ in thousands	20,235,000	20,633,000	20,416,000	20,448,000	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
ROA		1.90%	1.90%	2.81%	4.24%	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%

December 31, 2024 calculation

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

United States Steel Corporation's Return on Assets (ROA) provides insight into how efficiently the company is generating profits from its assets. From the data provided, we observe a fluctuating trend in the ROA over the quarters.

The negative ROA figures recorded in the earlier quarters of 2020 and 2021 indicate that the company was facing challenges in generating profits relative to its assets during that period. However, starting from the second quarter of 2021, the ROA turned positive and began to show a notable improvement.

The ROA increased significantly from single-digit percentages in 2021 to double-digit figures in the second half of 2021 and early 2022. This suggests that United States Steel Corporation started to utilize its assets more efficiently to generate profits during this period.

Despite some fluctuations, the ROA remained relatively stable at moderate levels from mid-2022 to the end of 2024. This stability indicates that the company was able to maintain a consistent level of profitability relative to its assets during this period.

Overall, the trend in United States Steel Corporation's ROA reflects a turnaround from earlier struggles to more efficient utilization of assets and improved profitability over the quarters. Investors and stakeholders may view this trend positively as the company showed a consistent improvement in generating returns from its assets.