CSIMarket
 


Cleveland cliffs Inc   (CLF)
Other Ticker:  
 
    Sector  Basic Materials    Industry Metal Mining
   Industry Metal Mining
   Sector  Basic Materials


Cleveland Cliffs Inc 's ROA from the fourth quarter of 2023 to the fourth quarter of 2022 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics


What is Cleveland Cliffs Inc 's ROA in the fourth quarter of 2023?
Cleveland cliffs Inc achieved a return on average assets (ROA) of 2.48 % in its fourth quarter of 2023, this is above CLF's average return on assets of 0.45%.
Cleveland Cliffs Inc s assets during the 12 months ending in the fourth quarter of 2023 are valued at $18 billion

Despite the company's net income deteriorating, Cleveland Cliffs Inc was able to improve its ROA compared to the third quarter of 2023.

However, within the Basic Materials sector 122 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Dec 31 2023 quarter, so far to 1273, from total ROA ranking in the third quarter of 2023 at 1833.

What is ROA?


Return On Assets (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Total Assets Change -6.49 % -8.27 % -8.66 % -5.65 % -1.16 %
Y / Y Net Income Change - 66.67 % -40.77 % - -
Net Income (TTM) in million 450 385 275 520 1,376
Return On Assets (TTM) 2.48 % 2.09 % 1.46 % 2.7 % 7.03 %
CLF's Total Ranking # 1273 # 1833 # 2109 # 1771 # 1151
Total Assets (TTM) in million 17,537 18,059 18,303 18,652 18,755
Seq. Total Assets Change -2.89 % -1.33 % -1.87 % -0.55 % -4.74 %
Seq. Net Income Change - -22.75 % - - -



Return On Assets Company Ranking
Within: No.
Industry # 20
Sector # 123
Overall # 1270

Return On Assets Statistics
High Average Low
51.53 %
0.45 %
-235.69 %
(Dec. 31, 2008)   (June 30. 2015)





Financial Statements
Cleveland Cliffs Inc 's Assets $ 17,537 million CLF's Balance sheet
Cleveland Cliffs Inc 's Income $ -139 million Quarterly CLF's Income Statement
CLF's Income by Division See CLF's Income by Division



Annual Return On Assets (Dec 31 2023)
FY 2023
(Dec 31 2022)
FY 2022
(Dec 31 2021)
FY 2021
(Dec 31 2020)
FY 2020
(Dec 31 2019)
FY 2019
Y / Y Total Assets Change -6.49 % -1.16 % 13.14 % 378.65 % -0.73 %
Total Assets in million 17,537 18,755 18,975 16,771 3,504
Y / Y Net Income Change -67.3 % -54.63 % - - -74.04 %
Net Income in million 450 1,376 3,033 -81 293
Return On Assets 2.57 % 7.34 % 15.98 % -0.48 % 8.36 %




Comment on CLF's ROA in the fiscal year ending 2023
In the fiscal year 2023 Cleveland Cliffs Inc 's ROA decreased compared to previous year to 2.57 %, due to deterioration of net income -67.3 % to $450.00 million, from $1,376.00 million a year ago, as CLF's assets were $17,537.00 million.


More Return On Assets Ratios
CLF's' Return on Assets at Yahoo Finance
Metal Mining Industry Return On Assets Trends and Statistics
Basic Materials Sector Roa Statistics
Roa Trends for overall market
CLF's Roa Ratio versus Metal Mining Industry, Basic Materials Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Roa for CLF's Competitors
Roa for Cleveland Cliffs Inc 's Suppliers
Return On Assets for CLF's Customers

You may also want to know
CLF's Roi CLF's Inventory Turnover Ratio CLF's Growth Rates CLF's Dividend Comparisons
CLF's Profitability Ratios CLF's Asset Turnover Ratio CLF's Dividend Growth
CLF's Roe CLF's Valuation Ratios CLF's Financial Strength Ratios CLF's Dividend Payout Ratio



Companies with similar Return On Assets at Dec 31 2023, within Basic Materials Sector ROA
Agnico Eagle Mines Limited  6.77 %
Balchem Corp  6.73 %
Aptargroup Inc   6.70 %
Sonoco Products Company  6.66 %
Graphic Packaging Holding Co  6.66 %
Timken Co  6.56 %
Vulcan Materials Company  6.54 %
Ecolab Inc   6.45 %
Titan International Inc   6.44 %
Summit Materials Inc   6.39 %
Ero Copper Corp  6.24 %
Reynolds Consumer Products Inc   6.16 %
Avery Dennison Corporation  6.13 %
Greif Inc   6.08 %
Eastman Chemical Co  6.08 %
Haynes International inc   6.03 %
Ppg Industries Inc   5.99 %
Crane Nxt Co   5.77 %
Olin Corporation  5.72 %
Orion S a   5.60 %
Baker Hughes Company  5.45 %
Mcewen Mining inc   5.31 %
Insteel Industries Inc  5.24 %
Lyondellbasell Industries N v   5.20 %
Mueller Water Products Inc   5.15 %
Origin Materials Inc   5.03 %
Mdu Resources Group Inc  4.99 %
Red Trail Energy Llc  4.90 %
Arcosa Inc   4.67 %
Carpenter Technology Corporation  4.64 %


Date modified: 2024-02-09T00:13:43+00:00


Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com