Grindrod Shipping Holdings (Grindrod Shipping Holdings) Receivables Turnover : 15.99 (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Grindrod Shipping Holdings 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. Grindrod Shipping Holdings's Revenue for the three months ended in Dec. 2023 was $88.8 Mil. Grindrod Shipping Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was $5.6 Mil. Hence, Grindrod Shipping Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 15.99.

Grindrod Shipping Holdings Receivables Turnover Historical Data

The historical data trend for Grindrod Shipping Holdings'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.

* Premium members only.

Grindrod Shipping Holdings Receivables Turnover Chart

Grindrod Shipping Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

21.60

19.97

53.94

45.45

43.03

Grindrod Shipping Holdings Quarterly Data
	Jun18	Dec18	Jun19	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															8.26	9.27	18.41	20.48	15.99

Competitive Comparison of Grindrod Shipping Holdings's Receivables Turnover

For the Marine Shipping subindustry, Grindrod Shipping Holdings'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.

Grindrod Shipping Holdings's Receivables Turnover Distribution in the Transportation Industry

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

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

Grindrod Shipping Holdings Receivables Turnover Calculation

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

Grindrod Shipping Holdings'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 )
=	387.096	/ (	(11.29	+	6.702)	/	2 )
=	387.096	/	8.996
=	43.03

Grindrod Shipping Holdings'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 )
=	88.785	/ (	(4.404	+	6.702)	/	2 )
=	88.785	/	5.553
=	15.99

Grindrod Shipping Holdings (NAS:GRIN) 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.

Grindrod Shipping Holdings Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Grindrod Shipping Holdings's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Grindrod Shipping Holdings (Grindrod Shipping Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Grindrod Shipping Holdings Ltd (NAS:GRIN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

GSH:South Africa 1RZ:Germany

Address

200 Cantonment Road, No. 03-01 Southpoint, Singapore, SGP, 089763

Website

https://www.grinshipping.com

Grindrod Shipping Holdings Ltd owns charters in and operates a fleet of drybulk carriers and one tanker. The drybulk carrier's business is further divided into handysize, and supramax. It generates its revenue from Vessels which comprise charter hire of ships and freight revenue.

Executives

Industrial Partnership Investments Proprietary Ltd

10 percent owner

P O BOX 456, STELLENBOSCH T3 7599