What is United States Steel's ROI in the second quarter of 2024?
United States Steel Corp achieved a return on average invested assets (ROI) of
3.43 % in its second quarter of 2024, this is above X's average return on investment of 1.18%.
United States Steel Corps investments during the 12 months ending in the second quarter of 2024 are valued at $16 billion
ROI fell compared to the first quarter of 2024, despite the net income growth of 7.02% from the first quarter of 2024.
Within the
Basic Materials sector 116 other companies had a higher return on investment. While return on investment, the total ranking has deteriorated compared to the first quarter of 2024 from
1079 to
1233.
Definition and Formula of Return on Investment
| Return On Investment |
(Jun 30 2024)
II. Quarter |
(Mar 31 2024)
I. Quarter |
(Dec 31 2023)
IV. Quarter |
(Sep 30 2023)
III. Quarter |
(Jun 30 2023)
II. Quarter |
| Y / Y Investment Change TTM |
5.87 % |
6.32 % |
5.63 % |
6.66 % |
9.9 % |
| Y / Y Net Income Change TTM |
-57.24 % |
-52.91 % |
-45.49 % |
-21.73 % |
37.01 % |
| Investment (TTM) in Millions |
16,960 |
16,700 |
16,503 |
16,594 |
16,237 |
| Return On Investment (TTM) |
3.43 % |
5.25 % |
5.52 % |
7.2 % |
8.5 % |
| X's Overall
Ranking |
# 1233 |
# 1079 |
# 1068 |
# 1060 |
# 150 |
| Seq. Investment Change TTM |
1.09 % |
1.81 % |
1.57 % |
1.27 % |
1.52 % |
| Seq. Net Income Change TTM |
-33.91 % |
-3.13 % |
-22.11 % |
-14.25 % |
-27.21 % |
| Net Income (TTM) in Millions |
573 |
867 |
895 |
1,149 |
1,340 |
