United States Steel Corporation

NYSE X

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United States Steel Corporation Accounts Payable Turnover Ratio 1 year YoY Change (%) for the quarter ending March 31, 2024: 2.98%

United States Steel Corporation Accounts Payable Turnover Ratio 1 year YoY Change (%) is 2.98% for the quarter ending March 31, 2024, a 129.57% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues. The measure "Change (%)" refers to the percentage change in the value of a financial metric between two time points. This measure provides a relative perspective on the magnitude of change.
  • United States Steel Corporation Accounts Payable Turnover Ratio for the quarter ending March 31, 2023 was 1.41, a -10.08% change year over year.
  • United States Steel Corporation Accounts Payable Turnover Ratio for the quarter ending March 31, 2022 was 1.57, a 8.02% change year over year.
  • United States Steel Corporation Accounts Payable Turnover Ratio for the quarter ending March 31, 2021 was 1.45, a 12.50% change year over year.
  • United States Steel Corporation Accounts Payable Turnover Ratio for the quarter ending March 31, 2020 was 1.29, a -6.22% change year over year.
NYSE: X

United States Steel Corporation

CEO Mr. David Boyd Burritt
IPO Date April 12, 1991
Location United States
Headquarters 600 Grant Street, Pittsburgh, PA, United States, 15219-2800
Employees 21,803
Sector Basic Materials
Industry Steel
Description

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke. This segment serves customers in the service center, conversion, transportation, automotive, construction, container, appliance, and electrical markets. The Mini Mill segment provides hot-rolled, cold-rolled, and coated sheets and electrical steel products. This segment serves customers in the automotive, construction, pipe and tube, sheet converter, electrical, solar industrial equipment, and service center markets. The USSE segment provides slabs, strip mill plates, sheets, tin mill products, and spiral welded pipes. This segment serves customers in the construction, container, appliance and electrical, service center, conversion, oil, gas, and petrochemical markets. The Tubular segment offers seamless and electric resistance welded steel casing and tubing products, as well as standard and line pipe and mechanical tubing products primarily to customers in the oil, gas, and petrochemical markets. It also engages in the real estate business. United States Steel Corporation was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania.

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StockViz Staff

September 19, 2024

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