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Cleveland-Cliffs Inc
NYSE CLF
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Cleveland-Cliffs Inc Working Capital Turnover Ratio 5 year CAGR for the Trailing 12 Months (TTM) ending March 31, 2024: 25.74%
Cleveland-Cliffs Inc Working Capital Turnover Ratio 5 year CAGR is 25.74% for the Trailing 12 Months (TTM) ending March 31, 2024, a 315.32% change year over year. The working capital turnover ratio measures the efficiency of a company in utilizing its working capital to generate revenue. It is calculated by dividing the revenue by the working capital. This ratio indicates the number of times the company's working capital is converted into revenue during a specific period. A higher working capital turnover ratio suggests more efficient utilization of working capital in revenue generation. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
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Cleveland-Cliffs Inc Working Capital Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2023 was 1.29, a -6.46% change year over year.
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Cleveland-Cliffs Inc Working Capital Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2022 was 1.38, a 31.68% change year over year.
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Cleveland-Cliffs Inc Working Capital Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2021 was 1.04, a 26.21% change year over year.
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Cleveland-Cliffs Inc Working Capital Turnover Ratio for the Trailing 12 Months (TTM) ending March 31, 2020 was 0.83, a 53.79% 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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