Castor Maritime (Castor Maritime) Receivables Turnover : 8.74 (As of Mar. 2024)

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What is Castor Maritime Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Castor Maritime's Revenue for the three months ended in Mar. 2024 was $20.39 Mil. Castor Maritime's average Accounts Receivable for the three months ended in Mar. 2024 was $2.33 Mil. Hence, Castor Maritime's Receivables Turnover for the three months ended in Mar. 2024 was 8.74.

Castor Maritime Receivables Turnover Historical Data

The historical data trend for Castor Maritime's Receivables Turnover 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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Castor Maritime Receivables Turnover Chart

Castor Maritime Annual Data

Trend

Sep17

Sep18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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54.75

16.45

21.58

27.49

34.70

Castor Maritime Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															9.04	16.26	10.63	9.79	8.74

Competitive Comparison of Castor Maritime's Receivables Turnover

For the Marine Shipping subindustry, Castor Maritime's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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.

Castor Maritime's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Castor Maritime's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Castor Maritime's Receivables Turnover falls into.

Castor Maritime Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Castor Maritime's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	97.516	/ (	(2.706	+	2.915)	/	2 )
=	97.516	/	2.8105
=	34.70

Castor Maritime's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	20.39	/ (	(2.915	+	1.749)	/	2 )
=	20.39	/	2.332
=	8.74

Castor Maritime (NAS:CTRM) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Castor Maritime Receivables Turnover Related Terms

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Castor Maritime (Castor Maritime) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Castor Maritime Inc (NAS:CTRM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

1C1A:Germany

Address

223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, Limassol, CYP, 3036

Website

https://www.castormaritime.com

Castor Maritime Inc is a provider of seaborne transportation services for dry bulk cargo, including iron ore, coal, grain, steel products, fertilizers, cement, bauxite, sugar, and scrap metal, among others. The firm operates under four reportable segments namely Dry bulk; Aframax/LR2 tanker; Handysize tanker and Container ship. It generates maximum revenue from the Dry bulk segment.