United States Steel (United States Steel) Change In Inventory

: $257 Mil (TTM As of Dec. 2023)

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

United States Steel's change in inventory for the quarter that ended in Dec. 2023 was $205 Mil. It means United States Steel's inventory declined by $205 Mil from Sep. 2023 to Dec. 2023 .

United States Steel's change in inventory for the fiscal year that ended in Dec. 2023 was $257 Mil. It means United States Steel's inventory declined by $257 Mil from Dec. 2022 to Dec. 2023 .

United States Steel's Total Inventories for the quarter that ended in Dec. 2023 was $2,128 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. United States Steel's Days Inventory for the quarter that ended in Dec. 2023 was 52.51.

Inventory Turnover measures how fast the company turns over its inventory within a year. United States Steel's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.74.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. United States Steel's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.53.

United States Steel Change In Inventory Historical Data

The historical data trend for United States Steel's Change In Inventory 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

Change In Inventory

296.00

506.00

-677.00

-222.00

257.00

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
Change In Inventory																475.00	-167.00	-	219.00	205.00

United States Steel Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $257 Mil.

United States Steel (NYSE:X) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

United States Steel's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2216	/	3851	*	365 / 4
	=	52.51

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

United States Steel's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3851	/	2216
	=	1.74

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

United States Steel's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2216	/	4144
	=	0.53

United States Steel Change In Inventory Related Terms

Thank you for viewing the detailed overview of United States Steel's Change In Inventory 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 » Change In Inventory

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