Precious Shipping PCL (Precious Shipping PCL) Receivables Turnover : 5.54 (As of Mar. 2024)

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What is Precious Shipping PCL 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. Precious Shipping PCL's Revenue for the three months ended in Mar. 2024 was $41.1 Mil. Precious Shipping PCL's average Accounts Receivable for the three months ended in Mar. 2024 was $7.4 Mil. Hence, Precious Shipping PCL's Receivables Turnover for the three months ended in Mar. 2024 was 5.54.

Precious Shipping PCL Receivables Turnover Historical Data

The historical data trend for Precious Shipping PCL'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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Precious Shipping PCL Receivables Turnover Chart

Precious Shipping PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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19.90

21.28

47.40

39.62

17.70

Precious Shipping PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															5.21	6.97	5.44	6.00	5.54

Competitive Comparison of Precious Shipping PCL's Receivables Turnover

For the Marine Shipping subindustry, Precious Shipping PCL'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.

Precious Shipping PCL's Receivables Turnover Distribution in the Transportation Industry

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

* The bar in red indicates where Precious Shipping PCL's Receivables Turnover falls into.

Precious Shipping PCL Receivables Turnover Calculation

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

Precious Shipping PCL'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 )
=	145.779	/ (	(8.029	+	8.444)	/	2 )
=	145.779	/	8.2365
=	17.70

Precious Shipping PCL's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	41.143	/ (	(8.444	+	6.399)	/	2 )
=	41.143	/	7.4215
=	5.54

Precious Shipping PCL (OTCPK:PSGFF) 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.

Precious Shipping PCL Receivables Turnover Related Terms

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Precious Shipping PCL (Precious Shipping PCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Precious Shipping PCL (OTCPK:PSGFF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PSL:Thailand PZ9:Germany

Address

No. 8 North Sathorn Road, G, Cathay House, 7th, 8th and 9th floor, Silom, Bangrak, Bangkok, THA, 10500

Website

https://www.preciousshipping.com

Precious Shipping PCL is a Thailand-based holding company engaged in the marine transportation business. It's involved in the business of owning and operating (chartering) small handy-sized and supramax dry bulk vessels, on a tramp shipping basis without any set routes. The chartering of the vessels is undertaken in two ways: time charter and voyage charge. This is the only industry segment in which the Group mainly operates and almost the majority of the revenue is generated from this segment.

Precious Shipping PCL (Precious Shipping PCL) Headlines

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