Analysis of Geographic Areas
United States Steel Corp. operates in 2 regions: North America and Europe.
Area Asset Turnover
United States Steel Corp., asset turnover by geographic area
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| North America | 1.99 | 2.28 | 1.39 | 1.82 | 2.48 |
| Europe | 5.03 | 4.84 | 1.98 | 2.55 | 3.49 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | North America | North America area asset turnover ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
| Europe | Europe area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Area Asset Turnover: North America
United States Steel Corp.; North America; area asset turnover calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| External sales | 16,822) | 16,013) | 7,774) | 10,520) | 10,973) |
| Assets | 8,459) | 7,034) | 5,590) | 5,772) | 4,432) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.99 | 2.28 | 1.39 | 1.82 | 2.48 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Area asset turnover = External sales ÷ Assets
= 16,822 ÷ 8,459 = 1.99
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | North America | North America area asset turnover ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
Area Asset Turnover: Europe
United States Steel Corp.; Europe; area asset turnover calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| External sales | 4,243) | 4,262) | 1,967) | 2,417) | 3,205) |
| Assets | 843) | 880) | 993) | 947) | 919) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 5.03 | 4.84 | 1.98 | 2.55 | 3.49 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Area asset turnover = External sales ÷ Assets
= 4,243 ÷ 843 = 5.03
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Europe | Europe area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
External sales
United States Steel Corp., external sales by geographic area
US$ in millions
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| North America | 16,822) | 16,013) | 7,774) | 10,520) | 10,973) |
| Europe | 4,243) | 4,262) | 1,967) | 2,417) | 3,205) |
| Total | 21,065) | 20,275) | 9,741) | 12,937) | 14,178) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
Assets
United States Steel Corp., assets by geographic area
US$ in millions
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| North America | 8,459) | 7,034) | 5,590) | 5,772) | 4,432) |
| Europe | 843) | 880) | 993) | 947) | 919) |
| Total | 9,302) | 7,914) | 6,583) | 6,719) | 5,351) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).