Cleveland-Cliffs Inc (CLF)
Total 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 |
| Total assets | US$ in thousands | 20,947,000 | 16,796,000 | 16,928,000 | 17,236,000 | 17,537,000 | 18,059,000 | 18,303,000 | 18,652,000 | 18,755,000 | 19,688,000 | 20,039,000 | 19,768,000 | 18,975,000 | 18,066,000 | 17,746,000 | 17,215,000 | 16,771,000 | 8,480,900 | 8,490,700 | 8,912,300 |
| Total asset turnover | 0.92 | 1.19 | 1.24 | 1.27 | 1.25 | 1.21 | 1.20 | 1.20 | 1.23 | 1.18 | 1.18 | 1.13 | 1.08 | 0.96 | 0.73 | 0.53 | 0.32 | 0.43 | 0.30 | 0.25 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $19,185,000K ÷ $20,947,000K
= 0.92
Cleveland-Cliffs Inc's total asset turnover ratio has shown a varying trend over the past few years, indicating the company's ability to generate revenue relative to its total assets. The ratio started at 0.25 as of March 31, 2020, and gradually increased to 1.25 by December 31, 2023. This upward trend suggests that the company became more efficient in utilizing its assets to generate sales during this period.
However, there was a slight decrease in the total asset turnover ratio to 0.92 by December 31, 2024. This decline may indicate a decrease in sales generated per dollar of assets, which could be a concern if it continues in the future. It would be important for stakeholders to monitor the company's asset utilization efficiency to ensure optimal performance.
Overall, Cleveland-Cliffs Inc's total asset turnover ratio has shown both improvements and temporary setbacks, highlighting the importance of consistent monitoring and analysis of the company's asset management and revenue generation strategies.
Peer comparison
Dec 31, 2024