Cleveland-Cliffs Inc (CLF)
Receivables 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 |
| Receivables | US$ in thousands | 1,576,000 | 1,583,000 | 1,773,000 | 1,868,000 | 1,840,000 | 2,122,000 | 2,290,000 | 2,216,000 | 1,960,000 | 2,301,000 | 2,571,000 | 2,667,000 | 2,157,000 | 2,348,000 | 2,062,000 | 1,659,000 | 1,193,000 | 662,700 | 544,800 | 622,500 |
| Receivables turnover | 12.17 | 12.62 | 11.85 | 11.72 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $19,185,000K ÷ $1,576,000K
= 12.17
The receivables turnover ratio for Cleveland-Cliffs Inc has shown a general increasing trend over the past few years. The ratio measures how efficiently the company is able to collect payments from its customers.
From March 2020 to December 2024, the receivables turnover ratio increased steadily from 3.52 to 12.17. This indicates that the company has been more effective in converting its receivables into cash during this period.
A higher receivables turnover ratio suggests that the company is collecting payments from its customers more quickly, which is a positive sign of efficient operations. It signifies that Cleveland-Cliffs Inc is managing its accounts receivable effectively and may have implemented improved credit policies or is maintaining better customer relationships.
Overall, the increasing trend in the receivables turnover ratio for Cleveland-Cliffs Inc indicates a positive development in the company's ability to manage its accounts receivable efficiently and convert them into cash in a timely manner. Investors and stakeholders may view this trend as a favorable indicator of the company's financial health and operational performance.
Peer comparison
Dec 31, 2024