The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Cleveland-Cliffs's Revenue for the
three
months ended in Mar. 2026 was MXN88,757 Mil. Cleveland-Cliffs's average Accounts Receivable for the
three
months ended in Mar. 2026 was MXN29,951 Mil.
Hence, Cleveland-Cliffs's Receivables Turnover for the
three
months ended in Mar. 2026 was 2.96.
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
Cleveland-Cliffs Receivables Turnover Related Terms
Cleveland-Cliffs Receivables Turnover Historical Data
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The historical data trend for Cleveland-Cliffs's Receivables Turnover 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.
MEX:CLF vs TX, WS, NWPX: Receivables Turnover Comparison
For the Steel subindustry, Cleveland-Cliffs's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover vs Steel Industry
For the Steel industry and Basic Materials sector, Cleveland-Cliffs's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Cleveland-Cliffs's Receivables Turnover falls into.
* 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 (MEX:CLF) has a Receivables Turnover of 2.96 as of Mar. 2026. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on Cleveland-Cliffs and its competitors. According to the industry distribution chart, Cleveland-Cliffs ranks #188 out of 605 companies in the Steel industry, placing it in the top 31.1%.
Is Cleveland-Cliffs' Receivables Turnover too high?
Cleveland-Cliffs' current Receivables Turnover is 2.96. The Steel industry median Receivables Turnover is 7.18. Cleveland-Cliffs' value of 2.96 is 58.8% below this industry median. Based on the distribution chart, Cleveland-Cliffs ranks #188 out of 605 companies in the Steel industry, which is above the industry midpoint. Overall, Cleveland-Cliffs has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cleveland-Cliffs' Receivables Turnover compare to TX and WS?
According to the Steel industry distribution chart, Cleveland-Cliffs ranks #188 out of 605 companies for Receivables Turnover. This puts Cleveland-Cliffs in the upper half of its industry. The industry median Receivables Turnover is 7.18. Cleveland-Cliffs' value of 2.96 is 58.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Steel company?
The median Receivables Turnover among Steel companies is 7.18, based on 605 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cleveland-Cliffs's current Receivables Turnover of 2.96 is 58.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on Cleveland-Cliffs and its competitors. For the Steel industry, the median Receivables Turnover is 7.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cleveland-Cliffs's current Receivables Turnover is 2.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cleveland-Cliffs stock overvalued right now?
Based on GuruFocus' analysis, Cleveland-Cliffs (MEX:CLF) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN206.53, compared to a current price of MXN172.90 — trading 16.3% below its estimated fair value. The current Receivables Turnover is 2.96 and 58.8% below the Steel industry median of 7.18. Cleveland-Cliffs' overall GF Score™ is 55/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Cleveland-Cliffs (MEX:CLF), the current Receivables Turnover is 2.96 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Cleveland-Cliffs (MEX:CLF) Overvalued in 2026?
Based on GuruFocus' analysis, Cleveland-Cliffs stock appears to be undervalued.
The current stock price of MXN172.90 is trading 16.3% below its estimated GF Value™ of MXN206.53.
GuruFocus considers Cleveland-Cliffs to be Modestly Undervalued.
Key valuation signals for MEX:CLF:
Receivables Turnover: 2.96
GF Value™: MXN206.53 vs. price of MXN172.90 (16.3% below fair value)
Industry Position: 58.8% below the Steel median (#188 of 605)
No single metric tells the full story. See the MEX:CLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
55GF Score
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