Performance Shipping (Performance Shipping) Receivables Turnover : 2.88 (As of Dec. 2023)

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What is Performance Shipping 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. Performance Shipping's Revenue for the three months ended in Dec. 2023 was $23.8 Mil. Performance Shipping's average Accounts Receivable for the three months ended in Dec. 2023 was $8.3 Mil. Hence, Performance Shipping's Receivables Turnover for the three months ended in Dec. 2023 was 2.88.

Performance Shipping Receivables Turnover Historical Data

The historical data trend for Performance Shipping'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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Performance Shipping Receivables Turnover Chart

Performance Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.08

11.23

10.00

11.65

12.53

Performance Shipping Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.30	3.24	3.48	2.66	2.88

Competitive Comparison of Performance Shipping's Receivables Turnover

For the Marine Shipping subindustry, Performance Shipping'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.

Performance Shipping's Receivables Turnover Distribution in the Transportation Industry

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

* The bar in red indicates where Performance Shipping's Receivables Turnover falls into.

Performance Shipping Receivables Turnover Calculation

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

Performance Shipping'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 )
=	108.938	/ (	(9.11	+	8.28)	/	2 )
=	108.938	/	8.695
=	12.53

Performance Shipping's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	23.84	/ (	(0	+	8.28)	/	1 )
=	23.84	/	8.28
=	2.88

Performance Shipping (NAS:PSHG) 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.

Performance Shipping Receivables Turnover 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 » Receivables Turnover

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