Pangaea Logistics Solutions (Pangaea Logistics Solutions) Change In Receivables

: $-14.1 Mil (TTM As of Dec. 2023)

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Pangaea Logistics Solutions's change in receivables for the quarter that ended in Dec. 2023 was $3.6 Mil. It means Pangaea Logistics Solutions's Accounts Receivable declined by $3.6 Mil from Sep. 2023 to Dec. 2023 .

Pangaea Logistics Solutions's change in receivables for the fiscal year that ended in Dec. 2023 was $-14.1 Mil. It means Pangaea Logistics Solutions's Accounts Receivable increased by $14.1 Mil from Dec. 2022 to Dec. 2023 .

Pangaea Logistics Solutions's Accounts Receivable for the quarter that ended in Dec. 2023 was $47.9 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. Pangaea Logistics Solutions's Days Sales Outstanding for the three months ended in Dec. 2023 was 33.14.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Pangaea Logistics Solutions's liquidation value for the three months ended in Dec. 2023 was $-191.7 Mil.

Pangaea Logistics Solutions Change In Receivables Historical Data

The historical data trend for Pangaea Logistics Solutions'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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Pangaea Logistics Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-0.73

-1.00

-26.67

15.13

-14.08

Pangaea Logistics Solutions 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																4.49	3.49	-10.68	-10.48	3.60

Pangaea Logistics Solutions 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 $-14.1 Mil.

Pangaea Logistics Solutions (NAS:PANL) 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.

Pangaea Logistics Solutions's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	47.892	/	131.877	*	91
=	33.14

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

Pangaea Logistics Solutions'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)
=	99.038	-	334.984	+	0.75 * 47.892	+	0.5 * 16.556
=	-191.7

Pangaea Logistics Solutions Change In Receivables Related Terms

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Pangaea Logistics Solutions (Pangaea Logistics Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pangaea Logistics Solutions Ltd (NAS:PANL) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

PGA:Germany

Address

C/o Phoenix Bulk Carriers (US) LLC, 109 Long Wharf, Newport, RI, USA, 02840

Website

https://www.pangaeals.com

Pangaea Logistics Solutions Ltd and its subsidiaries provide seaborne drybulk transportation services. It transports drybulk cargos including grains, coal, iron, ore, pig, iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The firm's services include cargo loading, cargo discharge, vessel chartering, voyage planning and technical vessel management. The company derives all of its revenues from contracts of affreightment, voyage charters and time charters.

Executives

David Sgro	director	777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Eric Rosenfeld	director	777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Petersen Mads Rosenber Boye	officer: Chief Operating Officer	109 LONG WHARF, NEWPORT RI 02840
Karen H Beachy	director	PO BOX 1400, RAPID CITY SD 57709
Pangaea One Acquisition Holdings Xiv, Llc	10 percent owner	C/O CARTESIAN CAPITAL GROUP, LLC, 505 FIFTH AVENUE, NEW YORK NY 10017
Gianni Delsignore	officer: Chief Financial Officer	257 WICKHAM ROAD, NORTH KINGSTOWN RI 02852
Mark L Filanowski	director	C/O MARINE TRANSPORT CORP, 1200 HARBOR BOULEVARD, WEEHAWKEN NJ 07087
Nam Trinh	director	505 FIFTH AVENUE, 15TH FLOOR, CARTESIAN CAPITAL GROUP, NEW YORK NY 10017
Anthony Laura	officer: See Remarks	C/O PANGAEA LOGISTICS SOLUTIONS LTD., 109 LONG WHARF, NEWPORT RI 02840
Edward Coll	director, 10 percent owner, officer: Chief Executive Officer	C/O PANGAEA LOGISTICS SOLUTIONS LTD., 109 LONG WHARF, NEWPORT RI 02840
L.p. Malemod,	10 percent owner	C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
L.p. Nypsun,	10 percent owner	C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
L.p. Leggonly,	10 percent owner	C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
L.p. Imfinno,	10 percent owner	C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
Pangaea One Gp, Llc	10 percent owner	C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017