Cleveland-Cliffs Inc (CLF)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 11.95 | 10.33 | 9.60 | 10.08 | 11.73 | 10.12 | 9.20 | 8.38 | 9.48 | 7.39 | 6.30 | 5.45 | 4.49 | 5.48 | 4.67 | 3.52 | 13.04 | 9.62 | 9.29 | 16.81 | |
| DSO | days | 30.53 | 35.32 | 38.03 | 36.22 | 31.12 | 36.06 | 39.69 | 43.56 | 38.51 | 49.38 | 57.91 | 66.95 | 81.33 | 66.60 | 78.24 | 103.66 | 27.99 | 37.92 | 39.31 | 21.72 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 11.95
= 30.53
To analyze Cleveland-Cliffs Inc's Days Sales Outstanding (DSO) over the specified quarters, we observe a fluctuating trend in the company's collection period. In Q4 2023, the DSO decreased to 30.53 days compared to the previous quarter at 35.32 days in Q3 2023. This decline may suggest an improvement in the company's collection efficiency or potentially more aggressive collection efforts during this period.
Looking at historical data, Q4 2023's DSO of 30.53 days is also lower than the DSO reported in Q4 2022 at 31.12 days. This could indicate a positive trend in managing accounts receivable and converting sales into cash faster than the corresponding period in the prior year.
Overall, the downward trend in DSO from Q3 2023 to Q4 2023 and the improvement compared to the same quarter of the previous year may reflect positively on Cleveland-Cliffs Inc's ability to effectively collect receivables and manage its working capital. However, it is essential to monitor future DSO figures to assess the ongoing efficiency of the company's accounts receivable management.
Peer comparison
Dec 31, 2023