Ardmore Shipping (Ardmore Shipping) Change In Receivables : $23.6 Mil (TTM As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Ardmore Shipping Change In Receivables?

Ardmore Shipping's change in receivables for the quarter that ended in Dec. 2023 was $-5.4 Mil. It means Ardmore Shipping's Accounts Receivable increased by $5.4 Mil from Sep. 2023 to Dec. 2023 .

Ardmore Shipping's change in receivables for the fiscal year that ended in Dec. 2023 was $23.6 Mil. It means Ardmore Shipping's Accounts Receivable declined by $23.6 Mil from Dec. 2022 to Dec. 2023 .

Ardmore Shipping's Accounts Receivable for the quarter that ended in Dec. 2023 was $56.2 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. Ardmore Shipping's Days Sales Outstanding for the three months ended in Dec. 2023 was 51.90.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Ardmore Shipping's liquidation value for the three months ended in Dec. 2023 was $-21.2 Mil.

Ardmore Shipping Change In Receivables Historical Data

The historical data trend for Ardmore Shipping'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.

* Premium members only.

Ardmore Shipping Change In Receivables Chart

Ardmore Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

Get a 7-Day Free Trial

-2.62

12.27

-2.50

-59.56

23.61

Ardmore Shipping Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-14.37	10.91	5.88	12.27	-5.44

Ardmore Shipping 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 quarterly data reported by the company within the most recent 12 months, which was $23.6 Mil.

Ardmore Shipping (NYSE:ASC) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	56.234	/	98.879	*	91
=	51.90

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

Ardmore Shipping'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)
=	46.805	-	116.507	+	0.75 * 56.234	+	0.5 * 12.558
=	-21.2

Ardmore Shipping Change In Receivables Related Terms

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

Ardmore Shipping (Ardmore Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ardmore Shipping Corp (NYSE:ASC) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

A61:Germany A61:Germany

Address

69 Pitts Bay Road, Belvedere Building, Ground Floor, Pembroke, Hamilton, BMU, HM08

Website

https://www.ardmoreshipping.com

Ardmore Shipping Corp owns and operates a fleet of mid-size product and chemical tankers, which provide seaborne transportation of petroleum products and chemicals across the globe. The company is focused on fuel efficiency and cost leadership, and it provides its shipping services to customers through voyage charters, commercial pools, and time charters. Its main customers are oil majors, national oil companies, oil and chemical traders, and chemical companies.