Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cleveland-Cliffs's accounts receivables for the quarter that ended in Mar. 2025 was $1,798 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
Cleveland-Cliffs's Days Sales Outstanding for the quarter that ended in Mar. 2025 was 35.44.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cleveland-Cliffs's Net-Net Working Capital per share for the quarter that ended in Mar. 2025 was $-21.71.
Cleveland-Cliffs Accounts Receivable Historical Data
The historical data trend for Cleveland-Cliffs's Accounts Receivable 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.
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
Cleveland-Cliffs Accounts Receivable Explanation
1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of 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 receivables are being managed.
Cleveland-Cliffs's Days Sales Outstanding for the quarter that ended in Mar. 2025 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Cleveland-Cliffs's accounts receivable are only considered to be worth 75% of book value:
Cleveland-Cliffs's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2025 is calculated as:
* 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.
Be Aware
Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.
If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.
Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.
Cleveland-Cliffs Accounts Receivable Related Terms
Thank you for viewing the detailed overview of Cleveland-Cliffs's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It is organized into four operating segments based on differentiated products, Steelmaking, Tubular, Tooling and Stamping and European Operations, but operates through 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.
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