Stock Analysis on Net
Stock Analysis on Net

United States Steel Corp. (NYSE:X)

This company has been moved to the archive! The financial data has not been updated since July 28, 2023.

Analysis of Long-term (Investment) Activity Ratios
Quarterly Data

Microsoft Excel

Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Long-term Activity Ratios (Summary)

United States Steel Corp., long-term (investment) activity ratios (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Net fixed asset turnover 2.02 2.29 2.48 2.80 3.10 2.95 2.80 2.33 1.84 1.41 1.79 1.84 1.98 2.25 2.38 2.60 2.76 2.91 2.91 — — —
Net fixed asset turnover (including operating lease, right-of-use asset) 1.99 2.25 2.44 2.75 3.04 2.88 2.73 2.27 1.80 1.37 1.72 1.77 1.90 2.16 2.28 2.49 2.64 2.78 2.91 — — —
Total asset turnover 0.94 1.04 1.08 1.12 1.16 1.14 1.14 0.99 0.85 0.73 0.81 0.85 0.86 0.99 1.11 1.26 1.28 1.30 1.29 — — —
Equity turnover 1.77 1.97 2.06 2.14 2.27 2.25 2.25 2.17 2.32 2.30 2.57 2.90 2.97 3.27 3.16 3.29 3.36 3.43 3.37 — — —

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. United States Steel Corp. net fixed asset turnover ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). United States Steel Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. United States Steel Corp. total asset turnover ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. United States Steel Corp. equity turnover ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Net Fixed Asset Turnover

United States Steel Corp., net fixed asset turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in millions)
Net sales 5,008 4,470 4,338 5,203 6,290 5,234 5,622 5,964 5,025 3,664 2,562 2,340 2,091 2,748 2,824 3,069 3,545 3,499 3,691 3,729 3,609 3,149
Property, plant and equipment, net 9,436 8,875 8,492 7,978 7,443 7,416 7,254 7,380 7,375 7,563 5,444 5,430 5,410 5,407 5,447 5,310 5,233 4,989 4,865 4,643 4,401 4,357
Long-term Activity Ratio
Net fixed asset turnover1 2.02 2.29 2.48 2.80 3.10 2.95 2.80 2.33 1.84 1.41 1.79 1.84 1.98 2.25 2.38 2.60 2.76 2.91 2.91 — — —
Benchmarks
Net Fixed Asset Turnover, Competitors2
Freeport-McMoRan Inc. 0.65 0.65 0.70 0.73 0.78 0.80 0.75 0.70 0.63 0.55 0.48 0.46 0.43 0.45 0.49 — — — — — — —
Newmont Corp. 0.46 0.48 0.49 0.50 0.51 0.51 0.51 0.52 0.51 0.49 0.47 0.46 0.43 0.42 0.39 — — — — — — —

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q2 2023 Calculation
Net fixed asset turnover = (Net salesQ2 2023 + Net salesQ1 2023 + Net salesQ4 2022 + Net salesQ3 2022) ÷ Property, plant and equipment, net
= (5,008 + 4,470 + 4,338 + 5,203) ÷ 9,436 = 2.02

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. United States Steel Corp. net fixed asset turnover ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

United States Steel Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in millions)
Net sales 5,008 4,470 4,338 5,203 6,290 5,234 5,622 5,964 5,025 3,664 2,562 2,340 2,091 2,748 2,824 3,069 3,545 3,499 3,691 3,729 3,609 3,149
 
Property, plant and equipment, net 9,436 8,875 8,492 7,978 7,443 7,416 7,254 7,380 7,375 7,563 5,444 5,430 5,410 5,407 5,447 5,310 5,233 4,989 4,865 4,643 4,401 4,357
Operating lease assets 129 134 146 154 163 174 185 198 192 210 214 225 236 246 230 239 237 234 — — — —
Property, plant and equipment, net (including operating lease, right-of-use asset) 9,565 9,009 8,638 8,132 7,606 7,590 7,439 7,578 7,567 7,773 5,658 5,655 5,646 5,653 5,677 5,549 5,470 5,223 4,865 4,643 4,401 4,357
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 1.99 2.25 2.44 2.75 3.04 2.88 2.73 2.27 1.80 1.37 1.72 1.77 1.90 2.16 2.28 2.49 2.64 2.78 2.91 — — —

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q2 2023 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = (Net salesQ2 2023 + Net salesQ1 2023 + Net salesQ4 2022 + Net salesQ3 2022) ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= (5,008 + 4,470 + 4,338 + 5,203) ÷ 9,565 = 1.99

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). United States Steel Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Total Asset Turnover

United States Steel Corp., total asset turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in millions)
Net sales 5,008 4,470 4,338 5,203 6,290 5,234 5,622 5,964 5,025 3,664 2,562 2,340 2,091 2,748 2,824 3,069 3,545 3,499 3,691 3,729 3,609 3,149
Total assets 20,309 19,540 19,458 19,958 19,858 19,224 17,816 17,333 16,084 14,689 12,059 11,731 12,551 12,366 11,608 10,917 11,291 11,152 10,982 10,569 10,058 10,026
Long-term Activity Ratio
Total asset turnover1 0.94 1.04 1.08 1.12 1.16 1.14 1.14 0.99 0.85 0.73 0.81 0.85 0.86 0.99 1.11 1.26 1.28 1.30 1.29 — — —
Benchmarks
Total Asset Turnover, Competitors2
Freeport-McMoRan Inc. 0.43 0.42 0.45 0.46 0.48 0.50 0.48 0.45 0.42 0.37 0.34 0.33 0.32 0.33 0.35 — — — — — — —
Newmont Corp. 0.29 0.30 0.31 0.31 0.31 0.31 0.30 0.31 0.31 0.29 0.28 0.27 0.27 0.26 0.24 — — — — — — —

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q2 2023 Calculation
Total asset turnover = (Net salesQ2 2023 + Net salesQ1 2023 + Net salesQ4 2022 + Net salesQ3 2022) ÷ Total assets
= (5,008 + 4,470 + 4,338 + 5,203) ÷ 20,309 = 0.94

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. United States Steel Corp. total asset turnover ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Equity Turnover

United States Steel Corp., equity turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in millions)
Net sales 5,008 4,470 4,338 5,203 6,290 5,234 5,622 5,964 5,025 3,664 2,562 2,340 2,091 2,748 2,824 3,069 3,545 3,499 3,691 3,729 3,609 3,149
Total United States Steel Corporation stockholders’ equity 10,725 10,302 10,218 10,437 10,198 9,698 9,010 7,916 5,851 4,627 3,786 3,449 3,617 3,725 4,092 4,199 4,311 4,235 4,202 3,941 3,605 3,438
Long-term Activity Ratio
Equity turnover1 1.77 1.97 2.06 2.14 2.27 2.25 2.25 2.17 2.32 2.30 2.57 2.90 2.97 3.27 3.16 3.29 3.36 3.43 3.37 — — —
Benchmarks
Equity Turnover, Competitors2
Freeport-McMoRan Inc. 1.35 1.34 1.46 1.55 1.63 1.65 1.63 1.59 1.58 1.49 1.40 1.47 1.44 1.51 1.55 — — — — — — —
Newmont Corp. 0.58 0.60 0.62 0.57 0.58 0.58 0.55 0.54 0.54 0.51 0.50 0.49 0.48 0.48 0.45 — — — — — — —

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q2 2023 Calculation
Equity turnover = (Net salesQ2 2023 + Net salesQ1 2023 + Net salesQ4 2022 + Net salesQ3 2022) ÷ Total United States Steel Corporation stockholders’ equity
= (5,008 + 4,470 + 4,338 + 5,203) ÷ 10,725 = 1.77

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. United States Steel Corp. equity turnover ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.