ICON (Icon Energy) Receivables Turnover : 0.00 (As of Dec. 2024)

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What is Icon Energy Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Icon Energy's Revenue for the three months ended in Dec. 2024 was $1.73 Mil. Icon Energy's average Accounts Receivable for the three months ended in Dec. 2024 was $0.00 Mil.

Icon Energy Receivables Turnover Historical Data

The historical data trend for Icon Energy's Receivables Turnover 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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Icon Energy Receivables Turnover Chart

Icon Energy Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

138.63

90.51

38.26

Icon Energy Quarterly Data
	Dec21	Dec22	Sep23	Dec23	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial			10.26	18.61	-	-	-

Competitive Comparison of Icon Energy's Receivables Turnover

For the Marine Shipping subindustry, Icon Energy's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Icon Energy's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Icon Energy's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Icon Energy's Receivables Turnover falls into.

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Icon Energy Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Icon Energy's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	5.309	/ (	(0	+	0)	/	1 )
=	5.309	/	0
=	N/A

Icon Energy's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	1.727	/ (	(0	+	0)	/	1 )
=	1.727	/	0
=	N/A

Icon Energy (NAS:ICON) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Icon Energy Receivables Turnover Related Terms

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Icon Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Icon Energy Corp (NAS:ICON) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Pavimar Shipping Co, 17th km National Road, Athens-Lamia & Foinikos Str, Nea Kifissia, Athens, GRC, 14564

Website

https://www.icon-nrg.com

Icon Energy Corp is a Growth-oriented company that operates as a holding company for the purpose of acquiring, owning, chartering and operating dry bulk vessels through its subsidiaries. The company generates its revenues by chartering the Initial Vessels to regional and international dry bulk operators, commodity traders and end users.