United States Steel (United States Steel) EBIT : $1,119 Mil (TTM As of Dec. 2023)

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What is United States Steel EBIT?

United States Steel's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-156 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1,119 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. United States Steel's annualized ROC % for the quarter that ended in Dec. 2023 was -1.85%. United States Steel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -5.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. United States Steel's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.48%.

United States Steel EBIT Historical Data

The historical data trend for United States Steel's EBIT 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 EBIT Chart

United States Steel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-310.00

-1,027.00

4,657.00

3,418.00

1,119.00

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
EBIT	Get a 7-Day Free Trial															257.00	277.00	641.00	357.00	-156.00

Competitive Comparison of United States Steel's EBIT

For the Steel subindustry, United States Steel's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

United States Steel's EV-to-EBIT Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, United States Steel's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where United States Steel's EV-to-EBIT falls into.

United States Steel EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT 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 $1,119 Mil.

United States Steel (NYSE:X) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

United States Steel's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-520 * ( 1 - 51.52% )	/	( (13515	+	13741)	/ 2 )
=	-252.096	/	13628
=	-1.85 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	20395	-	3658	-	( 3222	-	max(0, 3801	-	7395	+	3222	))
=	13515

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	20451	-	3762	-	( 2948	-	max(0, 3948	-	6943	+	2948	))
=	13741

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

United States Steel's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-624	/	( ( (10027 + max(378, 0))	+	(10502 + max(75, 0)) )	/	2 )
=	-624	/	( ( 10405	+	10577 )	/	2 )
=	-624	/	10491
=	-5.95 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1404	+	2304	+	328)	-	(3658	+	0	+	0)
=	378

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1390	+	2128	+	319)	-	(3762	+	0	+	0)
=	75

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

United States Steel's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1119	/	9747.411
	=	11.48 %

United States Steel EBIT Related Terms

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United States Steel (United States Steel) Business Description

Industry

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

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