Cleveland Extraordinary Items vs Operating Income Analysis
CLF Stock | USD 17.67 0.21 1.17% |
Cleveland Cliffs financial indicator trend analysis is way more than just evaluating Cleveland Cliffs prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cleveland Cliffs is a good investment. Please check the relationship between Cleveland Cliffs Extraordinary Items and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cleveland Cliffs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more detail on how to invest in Cleveland Stock please use our How to Invest in Cleveland Cliffs guide.
Extraordinary Items vs Operating Income
Extraordinary Items vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cleveland Cliffs Extraordinary Items account and Operating Income. At this time, the significance of the direction appears to have weak relationship.
The correlation between Cleveland Cliffs' Extraordinary Items and Operating Income is 0.37. Overlapping area represents the amount of variation of Extraordinary Items that can explain the historical movement of Operating Income in the same time period over historical financial statements of Cleveland Cliffs, assuming nothing else is changed. The correlation between historical values of Cleveland Cliffs' Extraordinary Items and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Extraordinary Items of Cleveland Cliffs are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Extraordinary Items i.e., Cleveland Cliffs' Extraordinary Items and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.37 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Extraordinary Items
Operating Income
Operating Income is the amount of profit realized from Cleveland Cliffs operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Cleveland Cliffs is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most indicators from Cleveland Cliffs' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cleveland Cliffs current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cleveland Cliffs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more detail on how to invest in Cleveland Stock please use our How to Invest in Cleveland Cliffs guide.At this time, Cleveland Cliffs' Enterprise Value is most likely to increase significantly in the upcoming years.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.5B | 2.5B | 1.4B | 1.5B | Total Revenue | 20.4B | 23.0B | 22.0B | 23.1B |
Cleveland Cliffs fundamental ratios Correlations
Click cells to compare fundamentals
Cleveland Cliffs Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cleveland Cliffs fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.5B | 16.8B | 19.0B | 18.8B | 17.5B | 18.4B | |
Short Long Term Debt Total | 2.1B | 5.4B | 5.2B | 4.2B | 3.1B | 3.3B | |
Other Current Liab | 216.2M | 1.2B | 1.3B | 637M | 1.4B | 1.5B | |
Total Current Liabilities | 409.4M | 2.9B | 3.6B | 3.5B | 3.5B | 3.7B | |
Total Stockholder Equity | 357.9M | 2.0B | 5.8B | 8.0B | 7.9B | 8.3B | |
Property Plant And Equipment Net | 1.9B | 8.7B | 9.2B | 9.1B | 8.9B | 9.3B | |
Net Debt | 1.8B | 5.3B | 5.2B | 4.2B | 2.9B | 3.1B | |
Retained Earnings | (2.8B) | (3.0B) | (1M) | 1.3B | 1.7B | 1.8B | |
Cash | 352.6M | 112M | 48M | 26M | 198M | 269.6M | |
Non Current Assets Total | 2.6B | 11.5B | 11.3B | 11.3B | 10.9B | 11.4B | |
Non Currrent Assets Other | 217.4M | 682M | 1.0B | 410M | 38M | 36.1M | |
Cash And Short Term Investments | 352.6M | 112M | 48M | 26M | 198M | 277.3M | |
Net Receivables | 152.6M | 1.2B | 2.2B | 2.0B | 1.8B | 1.9B | |
Common Stock Shares Outstanding | 284.5M | 379M | 558M | 524M | 511M | 536.6M | |
Liabilities And Stockholders Equity | 3.5B | 16.8B | 19.0B | 18.8B | 17.5B | 18.4B | |
Non Current Liabilities Total | 2.7B | 11.5B | 9.6B | 7.2B | 5.9B | 6.2B | |
Inventory | 317.4M | 3.8B | 5.2B | 5.1B | 4.5B | 4.7B | |
Other Current Assets | 29.5M | 165M | 263M | 306M | 138M | 98.4M | |
Other Stockholder Equity | 3.5B | (11.7B) | (13.9B) | 4.8B | 4.4B | 4.7B | |
Total Liab | 3.1B | 14.4B | 13.2B | 10.7B | 9.4B | 9.9B | |
Property Plant And Equipment Gross | 1.9B | 8.7B | 11.5B | 12.4B | 12.9B | 13.6B | |
Total Current Assets | 897.9M | 5.3B | 7.7B | 7.4B | 6.6B | 7.0B | |
Accumulated Other Comprehensive Income | (318.8M) | (133M) | 618M | 1.8B | 1.7B | 1.7B | |
Short Term Debt | 22.1M | 144M | 147M | 136M | 90M | 88.8M | |
Accounts Payable | 193.2M | 1.6B | 2.1B | 2.2B | 2.1B | 2.2B | |
Other Liab | 576.1M | 5.4B | 4.0B | 2.6B | 3.0B | 3.1B | |
Other Assets | 678.6M | 1.3B | 671M | 1.1B | 1.3B | 1.4B | |
Long Term Debt | 2.1B | 5.4B | 5.2B | 4.2B | 3.1B | 2.6B | |
Treasury Stock | (390.7M) | (354M) | (82M) | (310M) | (279M) | (293.0M) | |
Property Plant Equipment | 1.9B | 8.7B | 9.2B | 9.1B | 10.4B | 11.0B | |
Current Deferred Revenue | 22.1M | 7M | 25M | 590M | (90M) | (85.5M) | |
Intangible Assets | 48M | 188M | 221M | 214M | 201M | 131.1M | |
Retained Earnings Total Equity | (2.8B) | (3.0B) | (1M) | 1.3B | 1.2B | 1.3B |
Currently Active Assets on Macroaxis
When determining whether Cleveland Cliffs is a strong investment it is important to analyze Cleveland Cliffs' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cleveland Cliffs' future performance. For an informed investment choice regarding Cleveland Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cleveland Cliffs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more detail on how to invest in Cleveland Stock please use our How to Invest in Cleveland Cliffs guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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When running Cleveland Cliffs' price analysis, check to measure Cleveland Cliffs' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cleveland Cliffs is operating at the current time. Most of Cleveland Cliffs' value examination focuses on studying past and present price action to predict the probability of Cleveland Cliffs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cleveland Cliffs' price. Additionally, you may evaluate how the addition of Cleveland Cliffs to your portfolios can decrease your overall portfolio volatility.
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Is Cleveland Cliffs' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cleveland Cliffs. If investors know Cleveland will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cleveland Cliffs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.792 | Earnings Share 0.75 | Revenue Per Share 43.431 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0392 |
The market value of Cleveland Cliffs is measured differently than its book value, which is the value of Cleveland that is recorded on the company's balance sheet. Investors also form their own opinion of Cleveland Cliffs' value that differs from its market value or its book value, called intrinsic value, which is Cleveland Cliffs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cleveland Cliffs' market value can be influenced by many factors that don't directly affect Cleveland Cliffs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cleveland Cliffs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cleveland Cliffs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cleveland Cliffs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.