Analysis of Short-term (Operating) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
United States Steel Corp., short-term (operating) activity ratios (quarterly data)
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).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | United States Steel Corp. inventory turnover ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | United States Steel Corp. receivables turnover ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | United States Steel Corp. payables turnover ratio decreased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | United States Steel Corp. working capital turnover ratio improved from Q4 2022 to Q1 2023 but then deteriorated significantly from Q1 2023 to Q2 2023. |
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | United States Steel Corp. number of days of inventory outstanding deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | United States Steel Corp. number of days of receivables outstanding deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | United States Steel Corp. operating cycle deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | |
| Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. | United States Steel Corp. cash conversion cycle deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Inventory Turnover
United States Steel Corp., inventory turnover calculation (quarterly data)
| 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) | |||||||||||||||||||||||||||||
| Cost of sales | 4,161) | 3,953) | 3,934) | 4,359) | 4,661) | 3,823) | 3,894) | 3,881) | 3,678) | 3,080) | 2,384) | 2,295) | 2,274) | 2,605) | 2,781) | 2,902) | 3,227) | 3,172) | 3,204) | 3,172) | 3,121) | 2,808) | |||||||
| Inventories | 2,540) | 2,541) | 2,359) | 2,759) | 3,014) | 2,663) | 2,210) | 2,086) | 1,914) | 1,750) | 1,402) | 1,398) | 1,634) | 2,075) | 1,785) | 2,071) | 2,166) | 2,133) | 2,092) | 1,950) | 1,848) | 1,824) | |||||||
| Short-term Activity Ratio | |||||||||||||||||||||||||||||
| Inventory turnover1 | 6.46 | 6.65 | 7.11 | 6.07 | 5.39 | 5.74 | 6.58 | 6.24 | 5.98 | 5.73 | 6.82 | 7.12 | 6.46 | 5.55 | 6.77 | 6.04 | 5.90 | 5.94 | 5.88 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Inventory Turnover, Competitors2 | |||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 2.68 | 2.62 | 2.91 | 3.07 | 3.09 | 3.25 | 3.12 | 3.25 | 3.01 | 2.84 | 2.99 | 3.08 | 3.19 | 3.34 | 3.22 | — | — | — | — | — | — | — | |||||||
| Newmont Corp. | 5.72 | 6.11 | 6.61 | 6.23 | 6.56 | 5.88 | 5.84 | 5.26 | 5.34 | 5.08 | 5.21 | 5.21 | 5.45 | 5.71 | 5.12 | — | — | — | — | — | — | — | |||||||
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
Inventory turnover
= (Cost of salesQ2 2023
+ Cost of salesQ1 2023
+ Cost of salesQ4 2022
+ Cost of salesQ3 2022)
÷ Inventories
= (4,161 + 3,953 + 3,934 + 4,359)
÷ 2,540 = 6.46
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | United States Steel Corp. inventory turnover ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Receivables Turnover
United States Steel Corp., receivables turnover calculation (quarterly data)
| 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) | |||||||
| Receivables, less allowance | 1,864) | 1,808) | 1,635) | 2,035) | 2,602) | 2,415) | 2,089) | 2,403) | 2,010) | 1,619) | 994) | 1,099) | 939) | 1,172) | 1,177) | 1,400) | 1,638) | 1,729) | 1,659) | 1,673) | 1,656) | 1,566) | |||||||
| Short-term Activity Ratio | |||||||||||||||||||||||||||||
| Receivables turnover1 | 10.20 | 11.23 | 12.88 | 10.98 | 8.88 | 9.05 | 9.71 | 7.16 | 6.76 | 6.58 | 9.80 | 9.10 | 11.43 | 10.40 | 10.99 | 9.86 | 8.83 | 8.40 | 8.55 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Receivables Turnover, Competitors2 | |||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 32.43 | 19.02 | 17.05 | 27.47 | 24.84 | 16.00 | 19.56 | 22.75 | 17.22 | 13.02 | 15.92 | 15.25 | 18.01 | 26.03 | 19.44 | — | — | — | — | — | — | — | |||||||
| Newmont Corp. | 60.52 | 33.25 | 32.55 | 41.89 | 33.97 | 29.96 | 36.27 | 36.57 | 36.62 | 44.82 | 25.61 | 34.21 | 41.67 | 47.81 | 26.11 | — | — | — | — | — | — | — | |||||||
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
Receivables turnover
= (Net salesQ2 2023
+ Net salesQ1 2023
+ Net salesQ4 2022
+ Net salesQ3 2022)
÷ Receivables, less allowance
= (5,008 + 4,470 + 4,338 + 5,203)
÷ 1,864 = 10.20
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | United States Steel Corp. receivables turnover ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Payables Turnover
United States Steel Corp., payables turnover calculation (quarterly data)
| 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) | |||||||||||||||||||||||||||||
| Cost of sales | 4,161) | 3,953) | 3,934) | 4,359) | 4,661) | 3,823) | 3,894) | 3,881) | 3,678) | 3,080) | 2,384) | 2,295) | 2,274) | 2,605) | 2,781) | 2,902) | 3,227) | 3,172) | 3,204) | 3,172) | 3,121) | 2,808) | |||||||
| Accounts payable and other accrued liabilities | 3,112) | 3,175) | 3,016) | 3,280) | 3,385) | 3,343) | 2,908) | 3,000) | 2,819) | 2,528) | 1,884) | 1,646) | 1,459) | 2,133) | 2,054) | 2,249) | 2,615) | 2,547) | 2,535) | 2,525) | 2,331) | 2,174) | |||||||
| Short-term Activity Ratio | |||||||||||||||||||||||||||||
| Payables turnover1 | 5.27 | 5.33 | 5.56 | 5.10 | 4.80 | 4.57 | 5.00 | 4.34 | 4.06 | 3.97 | 5.07 | 6.05 | 7.24 | 5.40 | 5.88 | 5.56 | 4.89 | 4.97 | 4.85 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Payables Turnover, Competitors2 | |||||||||||||||||||||||||||||
| Newmont Corp. | 11.24 | 10.05 | 10.22 | 10.93 | 10.38 | 11.45 | 10.49 | 10.54 | 10.24 | 11.05 | 10.17 | 12.24 | 11.08 | 10.90 | 9.64 | — | — | — | — | — | — | — | |||||||
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
Payables turnover
= (Cost of salesQ2 2023
+ Cost of salesQ1 2023
+ Cost of salesQ4 2022
+ Cost of salesQ3 2022)
÷ Accounts payable and other accrued liabilities
= (4,161 + 3,953 + 3,934 + 4,359)
÷ 3,112 = 5.27
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | United States Steel Corp. payables turnover ratio decreased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Working Capital Turnover
United States Steel Corp., working capital turnover calculation (quarterly data)
| 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) | |||||||||||||||||||||||||||||
| Current assets | 7,835) | 7,548) | 7,866) | 8,452) | 9,035) | 8,380) | 7,152) | 6,799) | 5,638) | 4,250) | 4,432) | 4,244) | 4,924) | 4,686) | 3,813) | 4,042) | 4,547) | 4,630) | 4,830) | 5,068) | 4,812) | 4,830) | |||||||
| Less: Current liabilities | 4,072) | 4,015) | 3,959) | 4,162) | 4,568) | 4,405) | 3,852) | 4,030) | 4,451) | 3,144) | 2,656) | 2,463) | 2,141) | 2,777) | 2,625) | 2,850) | 3,223) | 3,140) | 3,197) | 3,136) | 2,902) | 2,959) | |||||||
| Working capital | 3,763) | 3,533) | 3,907) | 4,290) | 4,467) | 3,975) | 3,300) | 2,769) | 1,187) | 1,106) | 1,776) | 1,781) | 2,783) | 1,909) | 1,188) | 1,192) | 1,324) | 1,490) | 1,633) | 1,932) | 1,910) | 1,871) | |||||||
| 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) | |||||||
| Short-term Activity Ratio | |||||||||||||||||||||||||||||
| Working capital turnover1 | 5.05 | 5.75 | 5.39 | 5.21 | 5.17 | 5.50 | 6.14 | 6.22 | 11.45 | 9.64 | 5.48 | 5.62 | 3.86 | 6.38 | 10.89 | 11.58 | 10.92 | 9.75 | 8.68 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Working Capital Turnover, Competitors2 | |||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 2.36 | 2.28 | 2.46 | 2.47 | 2.37 | 2.78 | 2.56 | 2.56 | 2.68 | 2.60 | 2.41 | 2.74 | 3.04 | 3.18 | 3.06 | — | — | — | — | — | — | — | |||||||
| Newmont Corp. | 3.25 | 3.04 | 3.32 | 3.03 | 2.78 | 2.67 | 2.42 | 2.61 | 2.68 | 2.41 | 2.24 | 2.24 | 2.47 | 2.34 | 2.51 | — | — | — | — | — | — | — | |||||||
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
Working capital turnover
= (Net salesQ2 2023
+ Net salesQ1 2023
+ Net salesQ4 2022
+ Net salesQ3 2022)
÷ Working capital
= (5,008 + 4,470 + 4,338 + 5,203)
÷ 3,763 = 5.05
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | United States Steel Corp. working capital turnover ratio improved from Q4 2022 to Q1 2023 but then deteriorated significantly from Q1 2023 to Q2 2023. |
Average Inventory Processing Period
United States Steel Corp., average inventory processing period calculation (quarterly data)
| 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 | |||||||||||||||||||||||||||||
| Inventory turnover | 6.46 | 6.65 | 7.11 | 6.07 | 5.39 | 5.74 | 6.58 | 6.24 | 5.98 | 5.73 | 6.82 | 7.12 | 6.46 | 5.55 | 6.77 | 6.04 | 5.90 | 5.94 | 5.88 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | |||||||||||||||||||||||||||||
| Average inventory processing period1 | 57 | 55 | 51 | 60 | 68 | 64 | 56 | 58 | 61 | 64 | 54 | 51 | 56 | 66 | 54 | 60 | 62 | 61 | 62 | — | — | — | |||||||
| Benchmarks (no. days) | |||||||||||||||||||||||||||||
| Average Inventory Processing Period, Competitors2 | |||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 136 | 139 | 125 | 119 | 118 | 112 | 117 | 112 | 121 | 129 | 122 | 118 | 114 | 109 | 113 | — | — | — | — | — | — | — | |||||||
| Newmont Corp. | 64 | 60 | 55 | 59 | 56 | 62 | 62 | 69 | 68 | 72 | 70 | 70 | 67 | 64 | 71 | — | — | — | — | — | — | — | |||||||
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
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 6.46 = 57
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | United States Steel Corp. number of days of inventory outstanding deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Average Receivable Collection Period
United States Steel Corp., average receivable collection period calculation (quarterly data)
| 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 | |||||||||||||||||||||||||||||
| Receivables turnover | 10.20 | 11.23 | 12.88 | 10.98 | 8.88 | 9.05 | 9.71 | 7.16 | 6.76 | 6.58 | 9.80 | 9.10 | 11.43 | 10.40 | 10.99 | 9.86 | 8.83 | 8.40 | 8.55 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | |||||||||||||||||||||||||||||
| Average receivable collection period1 | 36 | 33 | 28 | 33 | 41 | 40 | 38 | 51 | 54 | 55 | 37 | 40 | 32 | 35 | 33 | 37 | 41 | 43 | 43 | — | — | — | |||||||
| Benchmarks (no. days) | |||||||||||||||||||||||||||||
| Average Receivable Collection Period, Competitors2 | |||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 11 | 19 | 21 | 13 | 15 | 23 | 19 | 16 | 21 | 28 | 23 | 24 | 20 | 14 | 19 | — | — | — | — | — | — | — | |||||||
| Newmont Corp. | 6 | 11 | 11 | 9 | 11 | 12 | 10 | 10 | 10 | 8 | 14 | 11 | 9 | 8 | 14 | — | — | — | — | — | — | — | |||||||
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
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 10.20 = 36
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | United States Steel Corp. number of days of receivables outstanding deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Operating Cycle
United States Steel Corp., operating cycle calculation (quarterly data)
No. days
| 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 | |||||||||||||||||||||||||||||
| Average inventory processing period | 57 | 55 | 51 | 60 | 68 | 64 | 56 | 58 | 61 | 64 | 54 | 51 | 56 | 66 | 54 | 60 | 62 | 61 | 62 | — | — | — | |||||||
| Average receivable collection period | 36 | 33 | 28 | 33 | 41 | 40 | 38 | 51 | 54 | 55 | 37 | 40 | 32 | 35 | 33 | 37 | 41 | 43 | 43 | — | — | — | |||||||
| Short-term Activity Ratio | |||||||||||||||||||||||||||||
| Operating cycle1 | 93 | 88 | 79 | 93 | 109 | 104 | 94 | 109 | 115 | 119 | 91 | 91 | 88 | 101 | 87 | 97 | 103 | 104 | 105 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Operating Cycle, Competitors2 | |||||||||||||||||||||||||||||
| Freeport-McMoRan Inc. | 147 | 158 | 146 | 132 | 133 | 135 | 136 | 128 | 142 | 157 | 145 | 142 | 134 | 123 | 132 | — | — | — | — | — | — | — | |||||||
| Newmont Corp. | 70 | 71 | 66 | 68 | 67 | 74 | 72 | 79 | 78 | 80 | 84 | 81 | 76 | 72 | 85 | — | — | — | — | — | — | — | |||||||
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
Operating cycle = Average inventory processing period + Average receivable collection period
= 57 + 36 = 93
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | United States Steel Corp. operating cycle deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Average Payables Payment Period
United States Steel Corp., average payables payment period calculation (quarterly data)
| 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 | |||||||||||||||||||||||||||||
| Payables turnover | 5.27 | 5.33 | 5.56 | 5.10 | 4.80 | 4.57 | 5.00 | 4.34 | 4.06 | 3.97 | 5.07 | 6.05 | 7.24 | 5.40 | 5.88 | 5.56 | 4.89 | 4.97 | 4.85 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | |||||||||||||||||||||||||||||
| Average payables payment period1 | 69 | 69 | 66 | 72 | 76 | 80 | 73 | 84 | 90 | 92 | 72 | 60 | 50 | 68 | 62 | 66 | 75 | 73 | 75 | — | — | — | |||||||
| Benchmarks (no. days) | |||||||||||||||||||||||||||||
| Average Payables Payment Period, Competitors2 | |||||||||||||||||||||||||||||
| Newmont Corp. | 32 | 36 | 36 | 33 | 35 | 32 | 35 | 35 | 36 | 33 | 36 | 30 | 33 | 33 | 38 | — | — | — | — | — | — | — | |||||||
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
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 5.27 = 69
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. |
Cash Conversion Cycle
United States Steel Corp., cash conversion cycle calculation (quarterly data)
No. days
| 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 | |||||||||||||||||||||||||||||
| Average inventory processing period | 57 | 55 | 51 | 60 | 68 | 64 | 56 | 58 | 61 | 64 | 54 | 51 | 56 | 66 | 54 | 60 | 62 | 61 | 62 | — | — | — | |||||||
| Average receivable collection period | 36 | 33 | 28 | 33 | 41 | 40 | 38 | 51 | 54 | 55 | 37 | 40 | 32 | 35 | 33 | 37 | 41 | 43 | 43 | — | — | — | |||||||
| Average payables payment period | 69 | 69 | 66 | 72 | 76 | 80 | 73 | 84 | 90 | 92 | 72 | 60 | 50 | 68 | 62 | 66 | 75 | 73 | 75 | — | — | — | |||||||
| Short-term Activity Ratio | |||||||||||||||||||||||||||||
| Cash conversion cycle1 | 24 | 19 | 13 | 21 | 33 | 24 | 21 | 25 | 25 | 27 | 19 | 31 | 38 | 33 | 25 | 31 | 28 | 31 | 30 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Cash Conversion Cycle, Competitors2 | |||||||||||||||||||||||||||||
| Newmont Corp. | 38 | 35 | 30 | 35 | 32 | 42 | 37 | 44 | 42 | 47 | 48 | 51 | 43 | 39 | 47 | — | — | — | — | — | — | — | |||||||
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
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 57 + 36 – 69 = 24
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. | United States Steel Corp. cash conversion cycle deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |