Baltic Trading (FRA:L8B) Change In Receivables : €1.32 Mil (TTM As of Mar. 2015)

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What is Baltic Trading Change In Receivables?

Baltic Trading's change in receivables for the quarter that ended in Mar. 2015 was €1.32 Mil. It means Baltic Trading's Accounts Receivable declined by €1.32 Mil from Dec. 2014 to Mar. 2015 .

Baltic Trading's change in receivables for the fiscal year that ended in Dec. 2014 was €0.38 Mil. It means Baltic Trading's Accounts Receivable declined by €0.38 Mil from Dec. 2013 to Dec. 2014 .

Baltic Trading's Accounts Receivable for the quarter that ended in Mar. 2015 was €2.33 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. Baltic Trading's Days Sales Outstanding for the three months ended in Mar. 2015 was 33.24.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Baltic Trading's liquidation value for the three months ended in Mar. 2015 was €-184.95 Mil.

Baltic Trading Change In Receivables Historical Data

The historical data trend for Baltic Trading'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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Baltic Trading Change In Receivables Chart

Baltic Trading Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Change In Receivables

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-0.50

-0.75

0.54

-2.53

0.38

Baltic Trading Quarterly Data
	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
Change In Receivables	Get a 7-Day Free Trial															0.27	0.75	-0.12	-0.63	1.32

Baltic Trading 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 Mar. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was €1.32 Mil.

Baltic Trading (FRA:L8B) 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.

Baltic Trading's Days Sales Outstanding for the quarter that ended in Mar. 2015 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.326	/	6.386	*	91
=	33.24

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

Baltic Trading's liquidation value for the quarter that ended in Mar. 2015 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	13.907	-	200.598	+	0.75 * 2.326	+	0.5 * 0
=	-184.95

Baltic Trading Change In Receivables Related Terms

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Baltic Trading (FRA:L8B) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Baltic Trading Ltd (FRA:L8B) » Definitions » Change In Receivables

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Website

http://www.baltictrading.com

Baltic Trading Ltd is a New York City-based company incorporated in October 2009 in the Marshall Islands to conduct shipping business focused on the drybulk industry spot market. The Company's fleet currently consists of four Capesize vessels, four Supramax vessels and five Handysize vessels with an aggregate carrying capacity of approximately 1,095,000 deadweight tons. Its fleet contains five groups of sister ships, which are vessels of virtually identical sizes and specifications. It operates a fleet of drybulk ships that transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. It plans to operate all of its vessels in the spot market, on spot market-related time charters, or in vessel pools trading in the spot market. Its customers include national, regional and international companies, including Cargill International S.A. ('Cargill'), Klaveness Chartering ('Klaveness'), Resource Marine PTE Ltd. (part of the Macquarie group of Companies) ('Resource Marine'), and Swissmarine Services S.A. ('Swissmarine'). The Company competes with other owners of drybulk carriers in the Capesize, Supramax and Handysize class sectors, some of whom may also charter its vessels as customers. The Company is subject to international conventions and treaties, national, state and local laws and regulations in force in the countries in which its vessels may operate or are atregistered relating to safety and health and environmental protection including the storage, handling, emission, transportation and discharge of hazardous and non-hazardous merials, and the remediation of contamination and liability for damage to natural resources.

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