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Genco Shipping & Trading's change in receivables for the quarter that ended in Mar. 2024 was $-4.1 Mil. It means Genco Shipping & Trading's Accounts Receivable increased by $4.1 Mil from Dec. 2023 to Mar. 2024 .
Genco Shipping & Trading's change in receivables for the fiscal year that ended in Dec. 2023 was $7.5 Mil. It means Genco Shipping & Trading's Accounts Receivable declined by $7.5 Mil from Dec. 2022 to Dec. 2023 .
Genco Shipping & Trading's Accounts Receivable for the quarter that ended in Mar. 2024 was $21.9 Mil.
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 Receivable are being managed. Genco Shipping & Trading's Days Sales Outstanding for the three months ended in Mar. 2024 was 17.01.
In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Genco Shipping & Trading's liquidation value for the three months ended in Mar. 2024 was $-121.1 Mil.
The historical data trend for Genco Shipping & Trading's Change In Receivables 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.
Genco Shipping & Trading Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Change In Receivables | Get a 7-Day Free Trial | 8.61 | 0.71 | -7.13 | -5.22 | 7.52 |
Genco Shipping & Trading Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Change In Receivables | Get a 7-Day Free Trial | 8.64 | -3.00 | 0.17 | 1.71 | -4.07 |
Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.
Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.2 Mil.
* 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.
Genco Shipping & Trading (NYSE:GNK) Change In Receivables 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 Receivable are being managed.
Genco Shipping & Trading's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 21.888 | / | 117.435 | * | 91 |
= | 17.01 |
2. In Ben Graham's calculation of liquidation value, Genco Shipping & Trading's accounts receivable are only considered to be worth 75% of book value:
Genco Shipping & Trading's liquidation value for the quarter that ended in Mar. 2024 is calculated as:
Liquidation Value | |||||||
= | Cash, Cash Equivalents, Marketable Securities | - | Total Liabilities | + | (0.75 * Accounts Receivable) | + | (0.5 * Total Inventories) |
= | 48.364 | - | 201.176 | + | 0.75 * 21.888 | + | 0.5 * 30.638 |
= | -121.1 |
* 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.
Thank you for viewing the detailed overview of Genco Shipping & Trading's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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