Cleveland-Cliffs (Cleveland-Cliffs) Days Sales Outstanding : 32.54 (As of Mar. 2024)

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What is Cleveland-Cliffs Days Sales Outstanding?

Cleveland-Cliffs's average Accounts Receivable for the three months ended in Mar. 2024 was $1,854 Mil. Cleveland-Cliffs's Revenue for the three months ended in Mar. 2024 was $5,199 Mil. Hence, Cleveland-Cliffs's Days Sales Outstanding for the three months ended in Mar. 2024 was 32.54.

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

CLV' s Days Sales Outstanding Range Over the Past 10 Years
Min: 14.77 Med: 27.75 Max: 43.05
Current: 34.45

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.

CLV's Days Sales Outstanding is ranked better than
66.67% of 600 companies
in the Steel industry
Industry Median: 49.98 vs CLV: 34.45

Cleveland-Cliffs's Days Sales Outstanding declined from Mar. 2023 (35.98) to Mar. 2024 (32.54).

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 Days Sales Outstanding Chart

Cleveland-Cliffs Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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29.41

43.05

29.66

32.66

31.53

Cleveland-Cliffs Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															35.98	34.36	35.91	35.36	32.54

Competitive Comparison of Cleveland-Cliffs's Days Sales Outstanding

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's Days Sales Outstanding Distribution in the Steel Industry

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 Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (1840	+	1868)	/	2 )	/	5199	*	365 / 4
=	1854					/	5199	*	365 / 4
=	32.54

Cleveland-Cliffs (NYSE:CLV) 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:CLV) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

CLF:USA CLF:Mexico 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.