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Cleveland-Cliffs Inc
NYSE CLF
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Cleveland-Cliffs Inc Accounts Payable Turnover Ratio 1 year YoY Change (%) for the quarter ending March 31, 2024: 4.03%
Cleveland-Cliffs Inc Accounts Payable Turnover Ratio 1 year YoY Change (%) is 4.03% for the quarter ending March 31, 2024, a 156.94% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues. The measure "Change (%)" refers to the percentage change in the value of a financial metric between two time points. This measure provides a relative perspective on the magnitude of change.
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Cleveland-Cliffs Inc Accounts Payable Turnover Ratio for the quarter ending March 31, 2023 was 2.44, a -7.07% change year over year.
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Cleveland-Cliffs Inc Accounts Payable Turnover Ratio for the quarter ending March 31, 2022 was 2.62, a 12.88% change year over year.
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Cleveland-Cliffs Inc Accounts Payable Turnover Ratio for the quarter ending March 31, 2021 was 2.32, a 433.88% change year over year.
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Cleveland-Cliffs Inc Accounts Payable Turnover Ratio for the quarter ending March 31, 2020 was 0.44, a -52.41% change year over year.
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NYSE: CLF
| CEO | Mr. C. Lourenco Goncalves |
| IPO Date | Nov. 5, 1987 |
| Location | United States |
| Headquarters | 200 Public Square, Cleveland, OH, United States, 44114-2315 |
| Employees | 28,000 |
| Sector | Basic Materials |
| Industry | Steel |
Description
Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company offers hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, galvalume, enameling, and advanced high-strength steel products; austenitic, martensitic, duplex, precipitation hardening, and ferritic stainless steel products; plates; and grain oriented and non-oriented electrical steel products, as well as slab, scrap, iron ore, coal, and coke. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing. In addition, the company offers tinplate products, such as electrolytic tin coated and chrome coated sheet, and tin mill products; tooling and sampling; ingots, rolled blooms, and cast blooms; and hot-briquetted iron products. Further, it owns five iron ore mines in Minnesota and Michigan. The company serves automotive, infrastructure and manufacturing, distributors and converters, and steel producers. The company was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio.
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StockViz Staff
September 19, 2024
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