TOP Ships (TOP Ships) Receivables Turnover : 131.87 (As of Dec. 2023)

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What is TOP Ships 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. TOP Ships's Revenue for the six months ended in Dec. 2023 was $41.80 Mil. TOP Ships's average Accounts Receivable for the six months ended in Dec. 2023 was $0.32 Mil. Hence, TOP Ships's Receivables Turnover for the six months ended in Dec. 2023 was 131.87.

TOP Ships Receivables Turnover Historical Data

The historical data trend for TOP Ships'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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TOP Ships Receivables Turnover Chart

TOP Ships Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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90.72

93.80

741.67

1,920.38

510.46

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
Receivables Turnover	Get a 7-Day Free Trial															467.02	210.55	277.81	5,143.13	131.87

Competitive Comparison of TOP Ships's Receivables Turnover

For the Oil & Gas Midstream subindustry, TOP Ships'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.

TOP Ships's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, TOP Ships's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where TOP Ships's Receivables Turnover falls into.

TOP Ships Receivables Turnover Calculation

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

TOP Ships'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 )
=	82.949	/ (	(0.008	+	0.317)	/	2 )
=	82.949	/	0.1625
=	510.46

TOP Ships'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	41.804	/ (	(0	+	0.317)	/	1 )
=	41.804	/	0.317
=	131.87

TOP Ships (AMEX:TOPS) 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.

TOP Ships Receivables Turnover 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 » Receivables Turnover

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