Cleveland-Cliffs Inc (CLF)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 12.17 | 11.95 | 11.73 | 9.48 | 4.49 | |
| DSO | days | 29.98 | 30.53 | 31.12 | 38.51 | 81.33 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 12.17
= 29.98
Cleveland-Cliffs Inc's Days of Sales Outstanding (DSO) has exhibited a positive trend over the years, decreasing from 81.33 days as of December 31, 2020, to 29.98 days as of December 31, 2024. This indicates that the company has been efficient in collecting its accounts receivable, translating to a shorter time period between making a sale and receiving payment. A lower DSO is generally favorable as it signifies improved liquidity and cash flow management. Cleveland-Cliffs Inc's decreasing DSO trend suggests that the company has been effectively managing its credit policies and collections process over the years.
Peer comparison
Dec 31, 2024