Cleveland-Cliffs (Cleveland-Cliffs) Days Sales Outstanding

: 35.36 (As of Dec. 2023)

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Cleveland-Cliffs's average Accounts Receivable for the three months ended in Dec. 2023 was $1,981 Mil. Cleveland-Cliffs's Revenue for the three months ended in Dec. 2023 was $5,112 Mil. Hence, Cleveland-Cliffs's Days Sales Outstanding for the three months ended in Dec. 2023 was 35.36.

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

CLF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 14.77 Med: 27.75 Max: 43.05
Current: 34.61

During the past 13 years, Cleveland-Cliffs's highest Days Sales Outstanding was 43.05. The lowest was 14.77. And the median was 27.75.

CLF's Days Sales Outstanding is ranked better than
66.78% of 599 companies
in the Steel industry
Industry Median: 50.01 vs CLF: 34.61

Cleveland-Cliffs's Days Sales Outstanding declined from Dec. 2022 (38.54) to Dec. 2023 (35.36).

Cleveland-Cliffs Days Sales Outstanding Historical Data

The historical data trend for Cleveland-Cliffs's Days Sales Outstanding 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 Sales Outstanding

29.41

43.05

29.66

32.66

31.53

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 Sales Outstanding																38.54	35.98	34.36	35.91	35.36

Competitive Comparison

For the Steel subindustry, Cleveland-Cliffs's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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 Sales Outstanding Distribution

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

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

Cleveland-Cliffs Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

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

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (1960	+	1840)	/	2 )	/	21996	*	365
=	1900					/	21996	*	365
=	31.53

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

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (2122	+	1840)	/	2 )	/	5112	*	365 / 4
=	1981					/	5112	*	365 / 4
=	35.36

Cleveland-Cliffs (NYSE:CLF) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Cleveland-Cliffs Days Sales Outstanding 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 Sales Outstanding

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