Diana Shipping (Diana Shipping) Receivables Turnover : 10.22 (As of Dec. 2023)

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What is Diana Shipping 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. Diana Shipping's Revenue for the three months ended in Dec. 2023 was $60.0 Mil. Diana Shipping's average Accounts Receivable for the three months ended in Dec. 2023 was $5.9 Mil. Hence, Diana Shipping's Receivables Turnover for the three months ended in Dec. 2023 was 10.22.

Diana Shipping Receivables Turnover Historical Data

The historical data trend for Diana Shipping'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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Diana Shipping Receivables Turnover Chart

Diana Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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40.84

25.92

53.11

64.74

43.70

Diana Shipping Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															12.36	11.86	20.46	18.84	10.22

Competitive Comparison of Diana Shipping's Receivables Turnover

For the Marine Shipping subindustry, Diana Shipping'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.

Diana Shipping's Receivables Turnover Distribution in the Transportation Industry

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

* The bar in red indicates where Diana Shipping's Receivables Turnover falls into.

Diana Shipping Receivables Turnover Calculation

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

Diana Shipping's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	262.098	/ (	(6.126	+	5.87)	/	2 )
=	262.098	/	5.998
=	43.70

Diana Shipping's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	60.016	/ (	(0	+	5.87)	/	1 )
=	60.016	/	5.87
=	10.22

Diana Shipping (NYSE:DSX) 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.

Diana Shipping Receivables Turnover Related Terms

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Diana Shipping (Diana Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Diana Shipping Inc (NYSE:DSX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

DSXpB.PFD:USA DSZ:Germany

Address

175 64 Palaio Faliro, Pendelis 16, Athens, GRC, 175 64

Website

https://www.dianashippinginc.com

Diana Shipping Inc provides shipping transportation services. The company, through its subsidiaries, operates a fleet of vessels consisting of dry bulk carriers such as Panamax, Kamsarmax, Post-Panamax, Capesize and Newcastlemax vessels. Using this fleet, the firm provides transportation services for various goods including coal, iron ore, and grains. It also transports minor bulks, including steel products, cement, and fertilizers through its dry bulk carrier vessels. The operation of the vessels is the main source of revenue generation, the services provided by the vessels are similar and all operate under the same economic environment.