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CLF (Cleveland-Cliffs) Days Inventory : 90.70 (As of Mar. 2025)


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What is Cleveland-Cliffs Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cleveland-Cliffs's Average Total Inventories for the three months ended in Mar. 2025 was $4,990 Mil. Cleveland-Cliffs's Cost of Goods Sold for the three months ended in Mar. 2025 was $5,020 Mil. Hence, Cleveland-Cliffs's Days Inventory for the three months ended in Mar. 2025 was 90.70.

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

CLF' s Days Inventory Range Over the Past 10 Years
Min: 48.93   Med: 88.08   Max: 148.27
Current: 86.84

During the past 13 years, Cleveland-Cliffs's highest Days Inventory was 148.27. The lowest was 48.93. And the median was 88.08.

CLF's Days Inventory is ranked better than
52.39% of 586 companies
in the Steel industry
Industry Median: 88.875 vs CLF: 86.84

Cleveland-Cliffs's Days Inventory increased from Mar. 2024 (82.72) to Mar. 2025 (90.70). It might indicate that Cleveland-Cliffs's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cleveland-Cliffs's Inventory Turnover for the three months ended in Mar. 2025 was 1.01.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Cleveland-Cliffs's Inventory-to-Revenue for the three months ended in Mar. 2025 was 1.08.


Cleveland-Cliffs Days Inventory Historical Data

The historical data trend for Cleveland-Cliffs's Days Inventory 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 Inventory Chart

Cleveland-Cliffs Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 148.27 103.42 91.99 84.94 91.22

Cleveland-Cliffs Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 82.72 80.03 82.36 92.58 90.70

Competitive Comparison of Cleveland-Cliffs's Days Inventory

For the Steel subindustry, Cleveland-Cliffs's Days Inventory, along with its competitors' market caps and Days Inventory 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 Inventory Distribution in the Steel Industry

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

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


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Cleveland-Cliffs Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Cleveland-Cliffs's Days Inventory for the fiscal year that ended in Dec. 2024 is calculated as

Days Inventory (A: Dec. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2023 ) + Total Inventories (A: Dec. 2024 )) / count ) / Cost of Goods Sold (A: Dec. 2024 )*Days in Period
=( (4460 + 5094) / 2 ) / 19115*365
=4777 / 19115*365
=91.22

Cleveland-Cliffs's Days Inventory for the quarter that ended in Mar. 2025 is calculated as:

Days Inventory (Q: Mar. 2025 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2024 ) + Total Inventories (Q: Mar. 2025 )) / count ) / Cost of Goods Sold (Q: Mar. 2025 )*Days in Period
=( (5094 + 4886) / 2 ) / 5020*365 / 4
=4990 / 5020*365 / 4
=90.70

* 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.


Cleveland-Cliffs  (NYSE:CLF) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Cleveland-Cliffs's Inventory Turnover for the three months ended in Mar. 2025 is calculated as

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Cleveland-Cliffs's Inventory to Revenue for the three months 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

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Cleveland-Cliffs Days Inventory Related Terms

Thank you for viewing the detailed overview of Cleveland-Cliffs's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Cleveland-Cliffs Business Description

Address
200 Public Square, Suite 3300, Cleveland, OH, USA, 44114-2315
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.
Executives
James D Graham officer: EVP, Chief Legal Officer & Sec 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114
John T Baldwin director 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114
Keith Koci officer: EVP, Chief Financial Officer ONE RIVERWAY, SUITE 1100, HOUSTON TX 77056
Michael Ralph S Iii director
Goncalves Celso L Jr officer: EVP, CFO 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114
Douglas C Taylor director 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114
Lourenco Goncalves director, officer: Chairman, President & CEO
Susan Miranda Green director 11211 LANDY COURT, KENSINGTON MD 20895
Arlene M Yocum director 99 PINE STREET, ALBANY NY 12207
Terry G. Fedor officer: EVP, United States Iron Ore 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44067
Clifford T Smith officer: EVP, Seaborne Iron Ore 200 PUBLIC SQUARE, SUITE 3300, CLEVELAND OH 44114
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
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