Globus Maritime (Globus Maritime) Receivables Turnover : 6.91 (As of Dec. 2023)

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What is Globus Maritime 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. Globus Maritime's Revenue for the three months ended in Dec. 2023 was $7.11 Mil. Globus Maritime's average Accounts Receivable for the three months ended in Dec. 2023 was $1.03 Mil. Hence, Globus Maritime's Receivables Turnover for the three months ended in Dec. 2023 was 6.91.

Globus Maritime Receivables Turnover Historical Data

The historical data trend for Globus Maritime'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.

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Globus Maritime Receivables Turnover Chart

Globus Maritime Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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38.24

59.81

75.05

111.07

49.53

Globus Maritime Quarterly Data
	Mar19	Jun19	Sep19	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															5.49	78.71	12.82	10.13	6.91

Competitive Comparison of Globus Maritime's Receivables Turnover

For the Marine Shipping subindustry, Globus Maritime'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.

Globus Maritime's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Globus Maritime's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Globus Maritime's Receivables Turnover falls into.

Globus Maritime Receivables Turnover Calculation

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

Globus Maritime'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 )
=	31.205	/ (	(0.109	+	1.151)	/	2 )
=	31.205	/	0.63
=	49.53

Globus Maritime'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 )
=	7.11	/ (	(0.906	+	1.151)	/	2 )
=	7.11	/	1.0285
=	6.91

Globus Maritime (NAS:GLBS) 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.

Globus Maritime Receivables Turnover Related Terms

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Globus Maritime (Globus Maritime) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Globus Maritime Ltd (NAS:GLBS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

0G93:Germany

Address

128 Vouliagmenis Avenue, 3rd Floor, Glyfada, Athens, GRC, 166 74

Website

http://www.globusmaritime.gr

Globus Maritime Ltd is a dry bulk shipping company that provides marine transportation services internationally. The company owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargo. Its operations are managed by its subsidiary which also provides in-house commercial and technical management for its vessels and also offers consulting services for an affiliated ship management company. It generates maximum revenues by charging customers for the use of vessels to transport dry bulk commodities.