Cleveland-Cliffs Inc (CLF)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 19,185,000 | 19,972,000 | 21,008,000 | 21,900,000 | 21,996,000 | 21,928,000 | 21,976,000 | 22,329,000 | 22,989,000 | 23,291,000 | 23,642,000 | 22,350,000 | 20,444,000 | 17,354,000 | 12,996,000 | 9,044,000 | 5,354,000 | 3,632,100 | 2,541,700 | 2,191,900 |
| Property, plant and equipment | US$ in thousands | 9,942,000 | 8,687,000 | 8,728,000 | 8,771,000 | 8,895,000 | 8,837,000 | 8,878,000 | 8,950,000 | 9,070,000 | 9,030,000 | 9,047,000 | 9,012,000 | 9,186,000 | 8,974,000 | 8,982,000 | 9,014,000 | 8,743,000 | 4,550,700 | 4,547,900 | 4,549,800 |
| Fixed asset turnover | 1.93 | 2.30 | 2.41 | 2.50 | 2.47 | 2.48 | 2.48 | 2.49 | 2.53 | 2.58 | 2.61 | 2.48 | 2.23 | 1.93 | 1.45 | 1.00 | 0.61 | 0.80 | 0.56 | 0.48 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $19,185,000K ÷ $9,942,000K
= 1.93
The fixed asset turnover of Cleveland-Cliffs Inc has shown a fluctuating trend over the reported periods. The ratio increased from 0.48 in March 2020 to a peak of 2.61 in June 2022, indicating an improvement in the company's ability to generate revenue from its fixed assets.
However, the ratio began to decline after June 2022, reaching 1.93 by December 2024. This could suggest a potential decrease in the efficiency of utilizing fixed assets to generate sales.
Overall, although there have been fluctuations in the fixed asset turnover ratio, the company has generally shown an increasing trend in utilizing its fixed assets more efficiently to generate revenue, with some recent signs of a decline. Further analysis and monitoring of the trend in fixed asset turnover would be beneficial to understand the company's asset management efficiency.
Peer comparison
Dec 31, 2024