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International Seaways (International Seaways) Accounts Receivable : $9 Mil (As of Mar. 2024)


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What is International Seaways Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. International Seaways's accounts receivables for the quarter that ended in Mar. 2024 was $9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. International Seaways's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 2.89.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. International Seaways's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-10.92.


International Seaways Accounts Receivable Historical Data

The historical data trend for International Seaways's Accounts Receivable 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.

* Premium members only.

International Seaways Accounts Receivable Chart

International Seaways Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.49 4.93 6.96 10.21 9.87

International Seaways Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.82 6.75 7.62 9.87 8.70

International Seaways Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


International Seaways Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

International Seaways's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=8.695/274.401*91
=2.89

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), International Seaways's accounts receivable are only considered to be worth 75% of book value:

International Seaways's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(214.501+0.75 * 8.695+0.5 * 0.593-756.532
-0-0)/48.9998
=-10.92

* 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.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


International Seaways Accounts Receivable Related Terms

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International Seaways (International Seaways) Business Description

Traded in Other Exchanges
Address
600 Third Avenue, 39th Floor, New York, NY, USA, 10016
International Seaways Inc owns and operates a fleet of oceangoing vessels engaged primarily in the transportation of crude oil and petroleum products. The company's vessel operations are organized into two segments: Crude Tankers and Product Carriers. The fleet consists of ULCC, VLCC, Suezmax, Aframax, and Panamax crude tankers, as well as LR1, LR2, and MR product carriers.
Executives
Jeffrey Pribor officer: Chief Financial Officer 35 WEST 56TH STREET, NEW YORK NY 10019
Derek G. Solon officer: VP and Chief Comm. Officer C/O INTERNATIONAL SEAWAYS, INC., 600 THIRD AVENUE, 39TH FLOOR, NEW YORK NY 10016
Small James D Iii officer: SVP & Secretary C/O OVERSEAS SHIPHOLDING GROUP, INC., 1301 AVENUE OF THE AMERICAS, 42ND FLOOR, NEW YORK NY 10019
Lois K Zabrocky director, officer: President 666 THIRD AVENUE, 5TH FLOOR, NEW YORK NY 10017
Douglas D Wheat director C/O HAAS WHEAT & PARTNERS LP, 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
Randee E Day director 217 DEBRA LANE, PALM BEACH FL 33480
David I Greenberg director ALTRIA GROUP INC, 120 PARK AVE, NEW YORK NY 10017
William F. Nugent officer: VP and Head of Shipping Ops. C/O INTERNATIONAL SEAWAYS, INC., 600 THIRD AVENUE, 39TH FLOOR, NEW YORK NY 10465
Ian T Blackley director, officer: Senior Vice President & CFO 666 THIRD AVENUE, NEW YORK NY 10017
Stevenson Craig H Jr director C/O OMI CORP, ONE STATION PL, STAMFORD CT 06902
Adewale Oshodi officer: Controller 1301 AVENUE OF THE AMERICAS, 42ND FLOOR, C/O OVERSEAS SHIPHOLDING GROUP, INC., NEW YORK NY 10019
Famatown Finance Ltd 10 percent owner C/O SEATANKERS MANAGEMENT CO. LTD, P. O. BOX 53562, LIMASSOL G4 CY 3399
C.k. Ltd 10 percent owner 28 ESPLANADE STREET, ST. HELIER Y9 JE4 2QP
Greenwich Holdings Ltd. 10 percent owner C/O SEATANKERS MANAGEMENT CO. LTD., P.O. BOX 53562, LIMASSOL G4 CY 3399
Alexandra Kate Blankenship director 33 BENEDICT PLACE, 2ND FLOOR, GREENWICH CT 06830