Performance Shipping (Performance Shipping) Change In Receivables : $-1.4 Mil (TTM As of Dec. 2023)

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What is Performance Shipping Change In Receivables?

Performance Shipping's change in receivables for the quarter that ended in Dec. 2023 was $0.0 Mil. It means Performance Shipping's Accounts Receivable stayed the same from Sep. 2023 to Dec. 2023 .

Performance Shipping's change in receivables for the fiscal year that ended in Dec. 2023 was $0.8 Mil. It means Performance Shipping's Accounts Receivable declined by $0.8 Mil from Dec. 2022 to Dec. 2023 .

Performance Shipping's Accounts Receivable for the quarter that ended in Dec. 2023 was $8.3 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. Performance Shipping's Days Sales Outstanding for the three months ended in Dec. 2023 was 31.69.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Performance Shipping's liquidation value for the three months ended in Dec. 2023 was $11.5 Mil.

Performance Shipping Change In Receivables Historical Data

The historical data trend for Performance 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.

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Performance Shipping Change In Receivables Chart

Performance Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-4.58

1.07

-0.20

-5.32

0.83

Performance 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															-1.39	-	-	-	-

Performance 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 $-1.4 Mil.

Performance Shipping (NAS:PSHG) 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.

Performance 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
=	8.28	/	23.84	*	91
=	31.69

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

Performance 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)
=	67.267	-	63.082	+	0.75 * 8.28	+	0.5 * 2.203
=	11.5

Performance Shipping Change In Receivables Related Terms

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Performance Shipping (Performance Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Performance Shipping Inc (NAS:PSHG) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

DS2:Germany DS2:Germany

Address

373 Syngrou Avenue, 175 64 Palaio Faliro, Athens, GRC, 175 64

Website

https://www.pshipping.com

Performance Shipping Inc is a provider of shipping transportation services through its ownership of tanker vessels. The company's vessels are employed on time charters with liner companies carrying containerized cargo along various shipping routes. It owns and operates eight Aframax tanker vessels.

Executives

Gyllenhammar Ab Peter

10 percent owner

LINNEGATAN 18, STOCKHOLM V7 11447