Cleveland-Cliffs (Cleveland-Cliffs) Days Payable

: 38.53 (As of Dec. 2023)

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Cleveland-Cliffs's average Accounts Payable for the three months ended in Dec. 2023 was $2,088 Mil. Cleveland-Cliffs's Cost of Goods Sold for the three months ended in Dec. 2023 was $4,944 Mil. Hence, Cleveland-Cliffs's Days Payable for the three months ended in Dec. 2023 was 38.53.

The historical rank and industry rank for Cleveland-Cliffs's Days Payable or its related term are showing as below:

CLF' s Days Payable Range Over the Past 10 Years
Min: 27.03 Med: 37.74 Max: 63.24
Current: 37.73

During the past 13 years, Cleveland-Cliffs's highest Days Payable was 63.24. The lowest was 27.03. And the median was 37.74.

CLF's Days Payable is ranked worse than
51.79% of 587 companies
in the Steel industry
Industry Median: 39.75 vs CLF: 37.73

Cleveland-Cliffs's Days Payable declined from Dec. 2022 (40.65) to Dec. 2023 (38.53). It may suggest that Cleveland-Cliffs accelerated paying its suppliers.

Cleveland-Cliffs Days Payable Historical Data

The historical data trend for Cleveland-Cliffs's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cleveland-Cliffs Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

49.02

63.24

41.85

37.97

37.95

Cleveland-Cliffs Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																40.65	38.28	36.65	37.32	38.53

Competitive Comparison

For the Steel subindustry, Cleveland-Cliffs's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cleveland-Cliffs Days Payable Distribution

For the Steel industry and Basic Materials sector, Cleveland-Cliffs's Days Payable distribution charts can be found below:

* The bar in red indicates where Cleveland-Cliffs's Days Payable falls into.

Cleveland-Cliffs Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Cleveland-Cliffs's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2186	+	2099)	/	2 )	/	20605	*	365
=	2142.5					/	20605	*	365
=	37.95

Cleveland-Cliffs's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2076	+	2099)	/	2 )	/	4944	*	365 / 4
=	2087.5					/	4944	*	365 / 4
=	38.53

Cleveland-Cliffs Days Payable Related Terms

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Cleveland-Cliffs (Cleveland-Cliffs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Cleveland-Cliffs Inc (NYSE:CLF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CLF:Mexico CVA:Germany CVA:Germany

Address

200 Public Square, Suite 3300, Cleveland, OH, USA, 44114-2315

Website

https://www.clevelandcliffs.com

Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It has one reportable segment -Steelmaking. It is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling and tubing. It serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Geographically, it operates in the United States, Canada and other countries. The majority of revenue is from the United States. It is a supplier of steel to the automotive industry in North America.

Executives

Michael Ralph S Iii	director
Goncalves Celso L Jr	officer: EVP, CFO	200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114
Arlene M Yocum	director	99 PINE STREET, ALBANY NY 12207
Lourenco Goncalves	director, officer: Chairman, President & CEO
Keith Koci	officer: EVP, Chief Financial Officer	ONE RIVERWAY, SUITE 1100, HOUSTON TX 77056
Douglas C Taylor	director	200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114
Susan Miranda Green	director	11211 LANDY COURT, KENSINGTON MD 20895
Janet L Miller	director	200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114
Fisher Robert P Jr	director	200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44067
John T Baldwin	director	200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114
Arcelormittal North America Holdings Llc	other: Former 10% Owner	1 SOUTH DEARBORN STREET, 13TH FLOOR, CHICAGO IL 60603
Rcelormittal	other: Former 10% Owner	24-26, BOULEVARD D?AVRANCHES, L-1160 LUXEMBOURG, GRAND DUCHY OF LUXEMBOURG N4 00000
Kimberly A Floriani	officer: VP, Corp Controller & CAO	200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114
M Ann Harlan	director
William K Gerber	director	999 WEST BIG BEAVER ROAD, TROY MI 48084