Diamond S Shipping Group (Diamond S Shipping Group) Receivables Turnover : 50.24 (As of Mar. 2013)

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What is Diamond S Shipping Group 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. Diamond S Shipping Group's Revenue for the six months ended in Mar. 2013 was $175.87 Mil. Diamond S Shipping Group's average Accounts Receivable for the six months ended in Mar. 2013 was $3.50 Mil. Hence, Diamond S Shipping Group's Receivables Turnover for the six months ended in Mar. 2013 was 50.24.

Diamond S Shipping Group Receivables Turnover Historical Data

The historical data trend for Diamond S Shipping Group'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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Diamond S Shipping Group Receivables Turnover Chart

Diamond S Shipping Group Annual Data

Trend

Mar12

Mar13

Receivables Turnover

53.22

50.24

Diamond S Shipping Group Semi-Annual Data
	Mar12	Mar13
Receivables Turnover	53.22	50.24

Competitive Comparison of Diamond S Shipping Group's Receivables Turnover

For the Marine Shipping subindustry, Diamond S Shipping Group'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.

Diamond S Shipping Group's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Diamond S Shipping Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Diamond S Shipping Group's Receivables Turnover falls into.

Diamond S Shipping Group Receivables Turnover Calculation

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

Diamond S Shipping Group's Receivables Turnover for the fiscal year that ended in Mar. 2013 is calculated as

	Receivables Turnover (A: Mar. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2013 )	/ (	(Accounts Receivable (A: Mar. 2012 )	+	Accounts Receivable (A: Mar. 2013 ))	/	count )
=	175.874	/ (	(1.717	+	5.285)	/	2 )
=	175.874	/	3.501
=	50.24

Diamond S Shipping Group's Receivables Turnover for the quarter that ended in Mar. 2013 is calculated as

	Receivables Turnover (Q: Mar. 2013 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2013 )	/ (	(Accounts Receivable (Q: Mar. 2012 )	+	Accounts Receivable (Q: Mar. 2013 ))	/	count )
=	175.874	/ (	(1.717	+	5.285)	/	2 )
=	175.874	/	3.501
=	50.24

Diamond S Shipping Group (NYSE:DSG) 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.

Diamond S Shipping Group Receivables Turnover Related Terms

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Diamond S Shipping Group (Diamond S Shipping Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Diamond S Shipping Group Inc (NYSE:DSG) » Definitions » Receivables Turnover

Comparable Companies

PRGNF TEUFF BSTN TOPS RLOG DRYS ESEA GTMAY PXS GLBS SHIP GNKOQ GSL NAO PANL NAP GASS NM DAC OSG

Traded in Other Exchanges

N/A

Address

Website

http://www.diamondsshipping.com

Diamond S Shipping Group Inc, is incorporated in Marshall Islands on July 31, 2013. The Company provides seaborne transportation of refined petroleum and other products in the international shipping markets. The Company is the owners and operators of medium range, or MR, product tankers. The Company's fleet currently consists of 33 MR product tankers built at Korean and Japanese shipyards. The Company competes on basis of price, vessel location, size, age and condition of the vessel. The Company is subject to various international conventions, national, state and local laws and regulations in the countries in which its vessels may operate or are registered.