United States Steel's Total Assets for the quarter that ended in Dec. 2023 was $20,451 Mil.
During the past 12 months, United States Steel's average Total Assets Growth Rate was 9.70% per year.
During the past 3 years, the average Total Assets Growth Rate was 20.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 13.30% per year.
During the past 10 years, the average Total Assets Growth Rate was 5.50% per year.
During the past 13 years, United States Steel's highest 3-Year average Total Assets Growth Rate was 22.60%. The lowest was -16.90%. And the median was 4.60%.
Total Assets is connected with ROA %. United States Steel's annualizedROA % for the quarter that ended in Dec. 2023 was -1.57%. Total Assets is also linked to Revenue through Asset Turnover. United States Steel's Asset Turnover for the quarter that ended in Dec. 2023 was 0.20.
United States Steel Total Assets Historical Data
The historical data trend for United States Steel's Total Assets 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.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
United States Steel's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
United States Steel (NYSE:X) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
United States Steel's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
United States Steel Total Assets Related Terms
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United States Steel (United States Steel) Business Description
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.
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