TOP Ships (TOP Ships) Change In Receivables : $0.00 Mil (TTM As of Dec. 2023)

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What is TOP Ships Change In Receivables?

TOP Ships's change in receivables for the quarter that ended in Dec. 2023 was $0.00 Mil. It means TOP Ships's Accounts Receivable stayed the same from Jun. 2023 to Dec. 2023 .

TOP Ships's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.31 Mil. It means TOP Ships's Accounts Receivable increased by $0.31 Mil from Dec. 2022 to Dec. 2023 .

TOP Ships's Accounts Receivable for the quarter that ended in Dec. 2023 was $0.32 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. TOP Ships's Days Sales Outstanding for the six months ended in Dec. 2023 was 1.38.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. TOP Ships's liquidation value for the six months ended in Dec. 2023 was $-239.16 Mil.

TOP Ships Change In Receivables Historical Data

The historical data trend for TOP Ships'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.

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TOP Ships Change In Receivables Chart

TOP Ships Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.25

0.64

-0.08

0.07

-0.31

TOP Ships Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

TOP Ships Change In Receivables Calculation

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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.00 Mil.

TOP Ships (AMEX:TOPS) 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.

TOP Ships's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.317	/	41.804	*	91
=	1.38

2. In Ben Graham's calculation of liquidation value, TOP Ships's accounts receivable are only considered to be worth 75% of book value:

TOP Ships's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	35.956	-	275.809	+	0.75 * 0.317	+	0.5 * 0.915
=	-239.16

TOP Ships Change In Receivables Related Terms

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TOP Ships (TOP Ships) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TOP Ships Inc (AMEX:TOPS) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

UER0:Germany

Address

1 Vasilisis Sofias and Megalou Alexandrou Street, Maroussi, GRC, 15124

Website

https://www.topships.org

TOP Ships Inc owns tanker vessels throughout the world. The company focuses on the transportation of petroleum products (clean and dirty) and bulk liquid chemicals. It generates revenue from the Time Charter agreements.

Executives

Ronin Capital, Llc

10 percent owner

350 N. ORLEANS, SUITE 2N, CHICAGO IL 60654