Cleveland-Cliffs Inc (CLF)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 19,185,000 | 21,996,000 | 22,989,000 | 20,444,000 | 5,354,000 |
| Receivables | US$ in thousands | 1,576,000 | 1,840,000 | 1,960,000 | 2,157,000 | 1,193,000 |
| Receivables turnover | 12.17 | 11.95 | 11.73 | 9.48 | 4.49 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $19,185,000K ÷ $1,576,000K
= 12.17
Cleveland-Cliffs Inc's receivables turnover has shown a positive trend over the past five years, increasing from 4.49 in December 2020 to 12.17 in December 2024. This improvement indicates that the company has been more efficient in converting its accounts receivables into cash during this period. A higher receivables turnover ratio suggests that Cleveland-Cliffs is collecting payments from customers more quickly, which can positively impact its cash flow and overall liquidity. The steady increase in the receivables turnover ratio reflects improved management of credit sales and stronger collection practices. This trend is favorable as it indicates better working capital management and potentially reduced credit risk for the company.
Peer comparison
Dec 31, 2024