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Genco Shipping & Trading (Genco Shipping & Trading) Accounts Receivable : $17.8 Mil (As of Dec. 2023)


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What is Genco Shipping & Trading Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Genco Shipping & Trading's accounts receivables for the quarter that ended in Dec. 2023 was $17.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Genco Shipping & Trading's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 14.07.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Genco Shipping & Trading's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-3.65.

Genco Shipping & Trading Accounts Receivable Historical Data

The historical data trend for Genco Shipping & Trading'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.

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Genco Shipping & Trading Accounts Receivable Chart

Genco Shipping & Trading 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 13.70 12.99 20.12 25.33 17.82

Genco Shipping & Trading Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 25.33 16.69 19.69 19.52 17.82

Genco Shipping & Trading Accounts Receivable Calculation

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

Genco Shipping & Trading 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=17.815/115.516*91
=14.07

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

Genco Shipping & Trading's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=(46.542+0.75 * 17.815+0.5 * 26.749-227.256
-0-1.39)/42.547
=-3.65

* 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.

Genco Shipping & Trading Accounts Receivable Related Terms

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Genco Shipping & Trading (Genco Shipping & Trading) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Genco Shipping & Trading Ltd (NYSE:GNK) » Definitions » Accounts Receivable
Comparable Companies
NAT CPLP EGLE ASC SB ZIM NMM CMRE SMHI DAC BSP:PSVM11 BOM:532921 HKSE:01919 OCSE:MAERSK B SHSE:600018 TSE:9101 TPE:2603 PHS:ICT TSE:9104 TSE:9107
Traded in Other Exchanges
GNU1:Germany
Address
299 Park Avenue, 12th Floor, New York, NY, USA, 10171
Website
https://www.gencoshipping.com
Genco Shipping & Trading Ltd is an international shipping company specializing in the transportation of iron ore, coal, grain, steel products and other drybulk cargoes. It is involved in the ocean transportation of drybulk cargoes. The company operates in one segment, the ocean transportation of drybulk cargoes through the ownership and operation of drybulk carrier vessels. It generates revenue through time charter agreements, spot market voyage charters, pool agreements and spot market-related time charters.
Executives
Peter George Allen officer: Chief Financial Officer GENCO SHIPPING & TRADING LIMITED, 299 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10171
Arthur L Regan director C/O ARLINGTON TANKERS LTD, THE HAYWARD BUILDING 22 BERMUDIANA ROAD, HAMILTON HM 11 D0 --
Jesper Christensen officer: Chief Commercial Officer GENCO SHIPPING & TRADING LIMITED, 299 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10171
Robert E Hughes officer: Chief Operations Officer GENCO SHIPPING & TRADING LIMITED, 299 PARK AVE., 12TH FLOOR, NEW YORK NY 10171
Apostolos Zafolias officer: Chief Financial Officer GENCO SHIPPING & TRADING, 299 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10171
John C Wobensmith officer: Chief Financial Officer 35 WEST 56TH STREET, NEW YORK NY 10019
Joseph Adamo officer: Chief Accounting Officer GENCO SHIPPING & TRADING, 299 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10171
Ccp Ii Cayman Gp Ltd. 10 percent owner 375 PARK AVE, 12TH FLOOR, NEW YORK NY 10152
Centerbridge Credit Partners, L.p. 10 percent owner 375 PARK AVENUE, 11TH FLOOR, NEW YORK NY 10152
Karin Y Orsel director HOGELANDSTERWEG 14, FARMSUM P7 9936 BH
Apollo Management Holdings Gp, Llc 10 percent owner 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Strategic Value Partners, Llc 10 percent owner 100 WEST PUTNAM AVENUE, GREENWICH CT 06830
Daniel Han director GENCO SHIPPING & TRADING LIMITED, 299 PARK AVE., 12TH FLOOR, NEW YORK NY 10171
Kathleen C Haines director P.O. BOX 385, COS COB CT 06807
Christoph O Majeske director 17001 NORTHCHASE DR., STE. 100, HOUSTON TX 77060