USEA (United Maritime) Receivables Turnover : 7.54 (As of Dec. 2024)

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What is United Maritime 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. United Maritime's Revenue for the three months ended in Dec. 2024 was $10.83 Mil. United Maritime's average Accounts Receivable for the three months ended in Dec. 2024 was $1.44 Mil. Hence, United Maritime's Receivables Turnover for the three months ended in Dec. 2024 was 7.54.

United Maritime Receivables Turnover Historical Data

The historical data trend for United Maritime'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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United Maritime Receivables Turnover Chart

United Maritime Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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105.64

53.67

69.97

53.81

United Maritime Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial								45.85	42.06	8.36	7.77	7.54

Competitive Comparison of United Maritime's Receivables Turnover

For the Marine Shipping subindustry, United Maritime'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.

United Maritime's Receivables Turnover Distribution in the Transportation Industry

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

* The bar in red indicates where United Maritime's Receivables Turnover falls into.

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United Maritime Receivables Turnover Calculation

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

United Maritime'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 )
=	45.439	/ (	(0.252	+	1.437)	/	2 )
=	45.439	/	0.8445
=	53.81

United Maritime'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 )
=	10.832	/ (	(0	+	1.437)	/	1 )
=	10.832	/	1.437
=	7.54

United Maritime (NAS:USEA) 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.

United Maritime Receivables Turnover Related Terms

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United Maritime Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » United Maritime Corp (NAS:USEA) » Definitions » Receivables Turnover

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YS9:Germany

Address

154 Vouliagmenis Avenue, Glyfada, GRC, 166 74

Website

https://www.unitedmaritime.gr/en

United Maritime Corp operates as a shipping company currently specializing in the seaborne transportation of dry bulk commodities. It currently operates one LR2 tanker vessel and three Capesize dry bulk vessels, two Kamsarmax dry bulk vessels, and three Panamax dry bulk vessels, with an aggregate cargo-carrying capacity of approximately 1,004,289 dwt.