United States Steel (United States Steel) Accounts Receivable

: $1,390 Mil (As of Dec. 2023)

View and export this data going back to 1991. Start your Free Trial

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. United States Steel's accounts receivables for the quarter that ended in Dec. 2023 was $1,390 Mil.

Accounts receivable can be measured by Days Sales Outstanding. United States Steel's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 30.61.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. United States Steel's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-19.45.

United States Steel Accounts Receivable Historical Data

The historical data trend for United States Steel's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

United States Steel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Get a 7-Day Free Trial

1,177.00

994.00

2,089.00

1,485.00

1,390.00

United States Steel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															1,485.00	1,808.00	1,864.00	1,404.00	1,390.00

United States Steel Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

United States Steel Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

United States Steel's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1390	/	4144	*	91
=	30.61

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), United States Steel's accounts receivable are only considered to be worth 75% of book value:

United States Steel's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2948	+	0.75 * 1390	+	0.5 * 2128	-	9311
-	0	-	93)	/	223.671
=	-19.45

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

United States Steel Accounts Receivable Related Terms

Thank you for viewing the detailed overview of United States Steel's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

United States Steel (United States Steel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » United States Steel Corp (NYSE:X) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

X:Mexico 1USX1:Italy USX1:Germany USX1:Germany USX1:Germany USX1:Germany X:Chile USSX34:Brazil X:Argentina

Address

600 Grant Street, Pittsburgh, PA, USA, 15219-2800

Website

https://www.ussteel.com

United States Steel Corp operates primarily in the United States but also has a steelmaking capacity in Slovakia. The company's operating segments include North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment includes U. S. Steel's integrated steel plants and equity investees in North America involved in the production of slabs, strip mill plates, sheets, and tin mill products, as well as all iron ore and coke production facilities in the United States. It primarily serves North American customers in the service center, conversion, transportation, construction, container, and appliance, and electrical markets.

Executives

Daniel R Brown	officer: SVP Adv. Tech. Steelmaking	600 GRANT STREET, SUITE 1844, C/O UNITED STATES STEEL CORPORATION, PITTSBURGH PA 15219
David B Burritt	officer: Exec. VP and CFO	600 GRANT STREET, SUITE 1500, PITTSBURGH PA 15219
Scott D Buckiso	officer: VP Euro Solutions & Pres USSK	600 GRANT STREET, PITTSBURGH PA 15219
Kenneth E Jaycox	officer: SVP & Chief Comm. Officer	600 GRANT STREET, SUITE 6100, PITTSBURGH PA 15219
James E. Bruno	officer: Sr VP, Automotive Solutions	600 GRANT STREET, PITTSBURGH PA 15219
Duane D Holloway	officer: SVP, GC, CCO & Corp. Sec	C/O UNITED STATES STEEL CORPORATION, 600 GRANT STREET, PITTSBURGH PA 15219
Alicia J. Davis	director	21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Andrea J. Ayers	director	STANLEY BLACK & DECKER, IN., 1000 STANLEY DRIVE, NEW BRITAIN CT 06053
Richard Fruehauf	officer: Deputy Gen Counsel - Corporate	600 GRANT STREET, PITTSBURGH PA 15219
Jessica Graziano	officer: SVP & Chief Financial Officer	C/O UNITED RENTALS, INC, 100 FIRST STAMFORD PL, STAMFORD CT 06902
Manpreet Grewal	officer: VP, Controller & CAO	600 GRANT STREET, PITTSBURGH PA 15219
Christine S Breves	officer: VP & Supply Chain Officer	600 GRANT STREET, SUITE 6100, PITTSBURGH PA 16059
Terry L Dunlap	director	1000 SIX PPG PLACE, PITTSBURGH PA 15222
Tracy A Atkinson	director	MFS INVESTMENT MANAGEMENT, 500 BOYLSTON ST., BOSTON MA 02116
Jeh C. Johnson	director	77 BEALE ST., P.O. BOX 770000, SAN FRANCISCO CA 94177