Castor Maritime (Castor Maritime) Change In Receivables : $-0.21 Mil (TTM As of Dec. 2023)

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What is Castor Maritime Change In Receivables?

Castor Maritime's change in receivables for the quarter that ended in Dec. 2023 was $-0.44 Mil. It means Castor Maritime's Accounts Receivable increased by $0.44 Mil from Sep. 2023 to Dec. 2023 .

Castor Maritime's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.21 Mil. It means Castor Maritime's Accounts Receivable increased by $0.21 Mil from Dec. 2022 to Dec. 2023 .

Castor Maritime's Accounts Receivable for the quarter that ended in Dec. 2023 was $2.92 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. Castor Maritime's Days Sales Outstanding for the three months ended in Dec. 2023 was 10.09.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Castor Maritime's liquidation value for the three months ended in Dec. 2023 was $96.84 Mil.

Castor Maritime Change In Receivables Historical Data

The historical data trend for Castor Maritime'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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Castor Maritime Change In Receivables Chart

Castor Maritime Annual Data

Trend

Sep17

Sep18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.45

-1.12

-2.82

1.42

-0.21

Castor Maritime 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															-1.47	-0.20	1.35	-0.92	-0.44

Castor Maritime 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 $-0.21 Mil.

Castor Maritime (NAS:CTRM) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.915	/	26.364	*	91
=	10.09

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

Castor Maritime'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)
=	188.473	-	94.312	+	0.75 * 2.915	+	0.5 * 0.978
=	96.84

Castor Maritime Change In Receivables Related Terms

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Castor Maritime (Castor Maritime) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Castor Maritime Inc (NAS:CTRM) » Definitions » Change In Receivables

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1C1A:Germany

Address

223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, Limassol, CYP, 3036

Website

https://www.castormaritime.com

Castor Maritime Inc is a provider of seaborne transportation services for dry bulk cargo, including iron ore, coal, grain, steel products, fertilizers, cement, bauxite, sugar, and scrap metal, among others. The firm operates under four reportable segments namely Dry bulk; Aframax/LR2 tanker; Handysize tanker and Container ship. It generates maximum revenue from the Dry bulk segment.