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Nordic American Tankers (Nordic American Tankers) Revenue : $361.3 Mil (TTM As of Dec. 2023)


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What is Nordic American Tankers Revenue?

Nordic American Tankers's revenue for the three months ended in Dec. 2023 was $92.7 Mil. Its revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $361.3 Mil. Nordic American Tankers's Revenue per Share for the three months ended in Dec. 2023 was $0.44. Its Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $1.73.

Warning Sign:

Nordic American Tankers Ltd revenue per share has been in decline for the last 5 years.

During the past 12 months, the average Revenue per Share Growth Rate of Nordic American Tankers was 11.70% per year. During the past 3 years, the average Revenue per Share Growth Rate was -7.60% per year. During the past 5 years, the average Revenue per Share Growth Rate was -5.40% per year. During the past 10 years, the average Revenue per Share Growth Rate was -10.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get other companies' revenue growth rate using Revenue per Share data.

During the past 13 years, Nordic American Tankers's highest 3-Year average Revenue per Share Growth Rate was 103.50% per year. The lowest was -33.90% per year. And the median was -1.85% per year.


Nordic American Tankers Revenue Historical Data

The historical data trend for Nordic American Tankers's Revenue 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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Nordic American Tankers Revenue Chart

Nordic American Tankers Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 317.22 354.62 191.08 339.34 391.69

Nordic American Tankers Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Revenue 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 241.61 87.09 133.44 48.04 92.70

Competitive Comparison of Nordic American Tankers's Revenue

For the Marine Shipping subindustry, Nordic American Tankers's Revenue, along with its competitors' market caps and Revenue 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.


Nordic American Tankers's Revenue Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Nordic American Tankers's Revenue distribution charts can be found below:

* The bar in red indicates where Nordic American Tankers's Revenue falls into.



Nordic American Tankers Revenue Calculation

Also referred as sales, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. Revenue is often referred to as the "top line" due to its position on the income statement at the very top.

Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $361.3 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.


Nordic American Tankers  (NYSE:NAT) Revenue Explanation

In ranking the predictability, companies with more consistent revenue and earnings growth are ranked high with predictability.

Peter Lynch categorized companies according to their revenue growth:


Slow Grower: Inflation < 10-Year Revenue Growth Rate < 10%:
Stalwart: 10% < 10-Year Revenue Growth Rate < 20%:
Fast Grower: 10-Year Revenue Growth Rate > 20%:

His favorite companies are stalwart, those growing between 10-20% a year.

Companies in cyclical industries may see their revenue fluctuate wildly in good years and bad years.


Be Aware

Revenue can be manipulated by changing the way how revenue is booked. Companies may book sales before the payment is received, or before the revenue is fully earned. These will be added to balance sheet items such as account payable or account receivables.


Nordic American Tankers Revenue Related Terms

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Nordic American Tankers (Nordic American Tankers) Business Description

Traded in Other Exchanges
Address
26 Victoria Street, Swan Building, Hamilton, BMU, HM 12
Nordic American Tankers Ltd owns and operates double hull crude oil tankers. It is an international tanker company that owns double-hull Suezmax tankers. It operates vessels in the spot market or on spot market-related charters pursuant to cooperative arrangements with third parties. The company's fleet consists of crude oil tankers, and all of its vessels are employed in the spot market. The company has only one type of vessel - Suezmax crude oil tankers. It operates in markets that are very competitive and based mainly on supply and demand.