Performance Shipping (Performance Shipping) Days Sales Outstanding : 31.69 (As of Dec. 2023)

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What is Performance Shipping Days Sales Outstanding?

Performance Shipping's average Accounts Receivable for the three months ended in Dec. 2023 was $8.3 Mil. Performance Shipping's Revenue for the three months ended in Dec. 2023 was $23.8 Mil. Hence, Performance Shipping's Days Sales Outstanding for the three months ended in Dec. 2023 was 31.69.

The historical rank and industry rank for Performance Shipping's Days Sales Outstanding or its related term are showing as below:

PSHG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 4.13 Med: 29.13 Max: 118.61
Current: 29.53

During the past 13 years, Performance Shipping's highest Days Sales Outstanding was 118.61. The lowest was 4.13. And the median was 29.13.

PSHG's Days Sales Outstanding is ranked better than
72.15% of 966 companies
in the Transportation industry
Industry Median: 45.79 vs PSHG: 29.53

Performance Shipping's Days Sales Outstanding increased from Dec. 2022 (27.65) to Dec. 2023 (31.69).

Performance Shipping Days Sales Outstanding Historical Data

The historical data trend for Performance Shipping's Days Sales Outstanding 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.

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Performance Shipping Days Sales Outstanding Chart

Performance Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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118.61

32.50

36.48

31.32

29.13

Performance Shipping Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															27.65	28.15	26.25	34.24	31.69

Competitive Comparison of Performance Shipping's Days Sales Outstanding

For the Marine Shipping subindustry, Performance Shipping's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Performance Shipping's Days Sales Outstanding Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Performance Shipping's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Performance Shipping's Days Sales Outstanding falls into.

Performance Shipping Days Sales Outstanding Calculation

Days Sales Outstanding measures 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 Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Performance Shipping's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (9.11	+	8.28)	/	2 )	/	108.938	*	365
=	8.695					/	108.938	*	365
=	29.13

Performance Shipping's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0	+	8.28)	/	1 )	/	23.84	*	365 / 4
=	8.28					/	23.84	*	365 / 4
=	31.69

Performance Shipping (NAS:PSHG) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Performance Shipping Days Sales Outstanding Related Terms

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Performance Shipping (Performance Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Performance Shipping Inc (NAS:PSHG) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

DS2:Germany DS2:Germany

Address

373 Syngrou Avenue, 175 64 Palaio Faliro, Athens, GRC, 175 64

Website

https://www.pshipping.com

Performance Shipping Inc is a provider of shipping transportation services through its ownership of tanker vessels. The company's vessels are employed on time charters with liner companies carrying containerized cargo along various shipping routes. It owns and operates eight Aframax tanker vessels.

Executives

Gyllenhammar Ab Peter

10 percent owner

LINNEGATAN 18, STOCKHOLM V7 11447