United Gross Profit vs Operating Income Analysis

X Stock

USD 38.58 0.45 1.15%

United States financial indicator trend analysis is much more than just breaking down United States Steel prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether United States Steel is a good investment. Please check the relationship between United States Gross Profit and its Operating Income accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in United States Steel. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Gross Profit vs Operating Income

Gross Profit vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of United States Steel Gross Profit account and Operating Income. At this time, the significance of the direction appears to have very strong relationship.

The correlation between United States' Gross Profit and Operating Income is 0.86. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Operating Income in the same time period over historical financial statements of United States Steel, assuming nothing else is changed. The correlation between historical values of United States' Gross Profit and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of United States Steel are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Gross Profit i.e., United States' Gross Profit and Operating Income go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of United States Steel minus its cost of goods sold. It is profit before United States operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Operating Income

Operating Income is the amount of profit realized from United States Steel operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of United States Steel is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from United States' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into United States Steel current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in United States Steel. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Sales General And Administrative To Revenue is likely to rise to 0.04 in 2024, whereas Selling General Administrative is likely to drop slightly above 388.3 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	5.7B	4.3B	2.3B	1.5B
Total Revenue	20.3B	21.1B	18.1B	13.1B

Gross Profit Total Revenue

United States fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Retained Earnings	Accounts Payable	Other Liab	Other Assets	Long Term Debt
Total Assets		0.71	0.26	0.89	0.69	0.75	-0.03	0.59	0.97	0.19	0.59	0.62	0.8	0.52	0.64	0.54	0.45	0.73	0.47	0.89	0.24	0.74	0.79	0.09	-0.26	0.69
Short Long Term Debt Total	0.71		-0.13	0.65	0.24	0.43	0.45	0.32	0.69	-0.06	0.32	0.39	0.6	0.64	0.52	0.37	0.45	0.74	0.16	0.63	0.45	0.24	0.48	0.05	-0.11	0.95
Other Current Liab	0.26	-0.13		0.0	0.71	0.5	-0.56	0.59	0.35	0.89	0.59	-0.23	0.29	-0.36	-0.41	0.03	0.14	-0.28	0.53	0.07	-0.08	0.54	0.06	-0.31	0.41	0.07
Total Current Liabilities	0.89	0.65	0.0		0.51	0.57	-0.01	0.48	0.76	-0.13	0.48	0.76	0.77	0.47	0.8	0.69	0.49	0.72	0.29	0.96	0.37	0.56	0.89	0.02	-0.44	0.5
Total Stockholder Equity	0.69	0.24	0.71	0.51		0.92	-0.44	0.88	0.7	0.58	0.88	0.17	0.66	0.03	0.12	0.35	0.43	0.21	0.83	0.55	-0.03	0.88	0.55	-0.27	-0.24	0.33
Property Plant And Equipment Net	0.75	0.43	0.5	0.57	0.92		-0.1	0.75	0.79	0.43	0.75	0.32	0.56	0.37	0.31	0.36	0.31	0.49	0.9	0.56	0.12	0.92	0.5	0.0	-0.34	0.51
Net Debt	-0.03	0.45	-0.56	-0.01	-0.44	-0.1		-0.57	0.04	-0.28	-0.57	0.31	-0.37	0.72	0.36	0.02	-0.32	0.56	-0.18	-0.14	0.44	-0.2	-0.28	0.61	0.07	0.43
Cash	0.59	0.32	0.59	0.48	0.88	0.75	-0.57		0.54	0.38	1.0	0.01	0.76	-0.1	0.02	0.29	0.63	0.1	0.66	0.58	-0.04	0.65	0.57	-0.5	-0.28	0.36
Non Current Assets Total	0.97	0.69	0.35	0.76	0.7	0.79	0.04	0.54		0.34	0.54	0.51	0.71	0.54	0.51	0.39	0.39	0.69	0.54	0.74	0.18	0.76	0.67	0.15	-0.13	0.73
Non Currrent Assets Other	0.19	-0.06	0.89	-0.13	0.58	0.43	-0.28	0.38	0.34		0.38	-0.23	0.13	-0.22	-0.47	-0.04	0.04	-0.22	0.46	-0.1	-0.07	0.45	-0.13	-0.14	0.56	0.19
Cash And Short Term Investments	0.59	0.32	0.59	0.48	0.88	0.75	-0.57	1.0	0.54	0.38		0.01	0.76	-0.1	0.02	0.29	0.63	0.1	0.66	0.58	-0.04	0.65	0.57	-0.5	-0.28	0.36
Net Receivables	0.62	0.39	-0.23	0.76	0.17	0.32	0.31	0.01	0.51	-0.23	0.01		0.28	0.71	0.88	0.63	0.06	0.83	0.07	0.7	0.38	0.44	0.52	0.55	-0.34	0.27
Common Stock Shares Outstanding	0.8	0.6	0.29	0.77	0.66	0.56	-0.37	0.76	0.71	0.13	0.76	0.28		0.06	0.35	0.33	0.85	0.33	0.3	0.81	-0.05	0.44	0.88	-0.46	-0.28	0.53
Non Current Liabilities Total	0.52	0.64	-0.36	0.47	0.03	0.37	0.72	-0.1	0.54	-0.22	-0.1	0.71	0.06		0.7	0.28	-0.1	0.95	0.15	0.41	0.39	0.36	0.17	0.76	-0.2	0.62
Inventory	0.64	0.52	-0.41	0.8	0.12	0.31	0.36	0.02	0.51	-0.47	0.02	0.88	0.35	0.7		0.65	0.07	0.83	0.04	0.76	0.37	0.37	0.58	0.41	-0.56	0.34
Other Current Assets	0.54	0.37	0.03	0.69	0.35	0.36	0.02	0.29	0.39	-0.04	0.29	0.63	0.33	0.28	0.65		0.0	0.47	0.21	0.72	0.52	0.46	0.41	0.02	-0.36	0.27
Other Stockholder Equity	0.45	0.45	0.14	0.49	0.43	0.31	-0.32	0.63	0.39	0.04	0.63	0.06	0.85	-0.1	0.07	0.0		0.1	0.13	0.5	-0.23	0.09	0.71	-0.58	-0.19	0.38
Total Liab	0.73	0.74	-0.28	0.72	0.21	0.49	0.56	0.1	0.69	-0.22	0.1	0.83	0.33	0.95	0.83	0.47	0.1		0.22	0.66	0.43	0.48	0.45	0.6	-0.32	0.67
Property Plant And Equipment Gross	0.47	0.16	0.53	0.29	0.83	0.9	-0.18	0.66	0.54	0.46	0.66	0.07	0.3	0.15	0.04	0.21	0.13	0.22		0.27	0.1	0.83	0.26	-0.07	-0.35	0.26
Total Current Assets	0.89	0.63	0.07	0.96	0.55	0.56	-0.14	0.58	0.74	-0.1	0.58	0.7	0.81	0.41	0.76	0.72	0.5	0.66	0.27		0.29	0.58	0.85	-0.04	-0.44	0.51
Short Term Debt	0.24	0.45	-0.08	0.37	-0.03	0.12	0.44	-0.04	0.18	-0.07	-0.04	0.38	-0.05	0.39	0.37	0.52	-0.23	0.43	0.1	0.29		0.12	0.0	0.22	0.06	0.37
Retained Earnings	0.74	0.24	0.54	0.56	0.88	0.92	-0.2	0.65	0.76	0.45	0.65	0.44	0.44	0.36	0.37	0.46	0.09	0.48	0.83	0.58	0.12		0.45	0.18	-0.3	0.32
Accounts Payable	0.79	0.48	0.06	0.89	0.55	0.5	-0.28	0.57	0.67	-0.13	0.57	0.52	0.88	0.17	0.58	0.41	0.71	0.45	0.26	0.85	0.0	0.45		-0.25	-0.46	0.32
Other Liab	0.09	0.05	-0.31	0.02	-0.27	0.0	0.61	-0.5	0.15	-0.14	-0.5	0.55	-0.46	0.76	0.41	0.02	-0.58	0.6	-0.07	-0.04	0.22	0.18	-0.25		0.07	0.09
Other Assets	-0.26	-0.11	0.41	-0.44	-0.24	-0.34	0.07	-0.28	-0.13	0.56	-0.28	-0.34	-0.28	-0.2	-0.56	-0.36	-0.19	-0.32	-0.35	-0.44	0.06	-0.3	-0.46	0.07		0.07
Long Term Debt	0.69	0.95	0.07	0.5	0.33	0.51	0.43	0.36	0.73	0.19	0.36	0.27	0.53	0.62	0.34	0.27	0.38	0.67	0.26	0.51	0.37	0.32	0.32	0.09	0.07

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United States Account Relationship Matchups

United States fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.6B	12.1B	17.8B	19.5B	20.5B	11.9B
Short Long Term Debt Total	3.8B	5.1B	4.0B	4.1B	4.3B	2.8B
Other Current Liab	221M	527M	767M	829M	799M	839.0M
Total Current Liabilities	2.7B	2.7B	3.9B	4.0B	3.9B	2.6B
Total Stockholder Equity	4.1B	3.8B	9.0B	10.2B	11.0B	11.6B
Property Plant And Equipment Net	5.7B	5.7B	7.4B	8.6B	10.5B	11.0B
Net Debt	3.1B	3.1B	1.5B	578M	1.4B	1.9B
Cash	749M	2.0B	2.5B	3.5B	2.9B	3.1B
Non Current Assets Total	7.8B	7.6B	10.7B	11.6B	13.5B	7.6B
Non Currrent Assets Other	530M	641M	1.1B	706M	870M	1.0B
Cash And Short Term Investments	749M	2.0B	2.5B	3.5B	2.9B	3.1B
Net Receivables	1.2B	994M	2.1B	1.6B	1.5B	1.4B
Common Stock Shares Outstanding	171.4M	196.7M	280.4M	277.0M	255.4M	143.2M
Liabilities And Stockholders Equity	11.6B	12.1B	17.8B	19.5B	20.5B	11.9B
Non Current Liabilities Total	4.9B	5.5B	4.9B	5.2B	5.4B	5.5B
Inventory	1.8B	1.4B	2.2B	2.4B	2.1B	1.7B
Other Current Assets	102M	51M	331M	368M	319M	210.6M
Other Stockholder Equity	3.8B	3.8B	4.2B	4.9B	4.0B	3.4B
Total Liab	7.6B	8.2B	8.7B	9.1B	9.3B	8.1B
Property Plant And Equipment Gross	5.7B	5.7B	7.4B	8.6B	24.1B	25.3B
Total Current Assets	3.8B	4.4B	7.2B	7.9B	6.9B	4.3B
Short Term Debt	14M	310M	70M	87M	230M	121.1M
Retained Earnings	544M	(623M)	3.5B	6.0B	6.9B	7.2B
Accounts Payable	2.1B	1.7B	2.7B	2.8B	2.7B	1.6B
Accumulated Other Comprehensive Income	(478M)	(47M)	331M	(85M)	46M	48.3M
Other Liab	1.1B	666M	862M	1.2B	1.1B	2.1B
Other Assets	696M	2.1B	1.1B	716M	75M	71.3M
Long Term Debt	3.6B	4.7B	3.9B	3.9B	4.1B	3.2B
Common Stock Total Equity	179M	229M	280M	283M	254.7M	186.8M
Common Stock	179M	229M	280M	283M	286M	188.5M
Property Plant Equipment	5.4B	5.4B	7.4B	8.5B	9.8B	5.7B
Current Deferred Revenue	383M	308M	425M	10M	(2.8B)	(2.6B)
Intangible Assets	150M	129M	519M	478M	436M	270.9M
Treasury Stock	(173M)	(175M)	(334M)	(1.2B)	(1.4B)	(1.3B)
Net Tangible Assets	3.9B	3.7B	7.6B	8.8B	10.1B	10.7B
Retained Earnings Total Equity	544M	(623M)	3.5B	6.0B	5.4B	5.7B
Long Term Debt Total	3.6B	4.7B	3.9B	3.9B	4.5B	3.8B

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United Gross Profit vs Operating Income Analysis

Gross Profit vs Operating Income

Gross Profit vs Operating Income Correlation Analysis

Correlation Coefficient

Gross Profit

Operating Income

United States fundamental ratios Correlations

United States Account Relationship Matchups

High Positive Relationship

High Negative Relationship

United States fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.97	Total Assets
Total Current Assets	+ 0.96	Total Current Liabilities
Long Term Debt	+ 0.95	Short Long Term Debt Total
Total Liab	+ 0.95	Non Current Liabilities Total
Property Plant And Equipment Net	+ 0.92	Total Stockholder Equity

Other Liab	- 0.58	Other Stockholder Equity
Cash And Short Term Investments	- 0.57	Net Debt
Cash	- 0.57	Net Debt
Other Assets	- 0.56	Inventory
Net Debt	- 0.56	Other Current Liab
Other Liab	- 0.5	Cash And Short Term Investments