Safe Bulkers (Safe Bulkers) Receivables Turnover : 9.37 (As of Dec. 2023)

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What is Safe Bulkers 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. Safe Bulkers's Revenue for the three months ended in Dec. 2023 was $82.29 Mil. Safe Bulkers's average Accounts Receivable for the three months ended in Dec. 2023 was $8.79 Mil. Hence, Safe Bulkers's Receivables Turnover for the three months ended in Dec. 2023 was 9.37.

Safe Bulkers Receivables Turnover Historical Data

The historical data trend for Safe Bulkers'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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Safe Bulkers Receivables Turnover Chart

Safe Bulkers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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14.92

19.58

50.75

48.05

37.27

Safe Bulkers 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															13.38	10.32	-	-	9.37

Competitive Comparison of Safe Bulkers's Receivables Turnover

For the Marine Shipping subindustry, Safe Bulkers'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.

Safe Bulkers's Receivables Turnover Distribution in the Transportation Industry

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

* The bar in red indicates where Safe Bulkers's Receivables Turnover falls into.

Safe Bulkers Receivables Turnover Calculation

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

Safe Bulkers'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 )
=	284.401	/ (	(6.475	+	8.786)	/	2 )
=	284.401	/	7.6305
=	37.27

Safe Bulkers'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 )
=	82.289	/ (	(0	+	8.786)	/	1 )
=	82.289	/	8.786
=	9.37

Safe Bulkers (NYSE:SBpD.PFD) 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.

Safe Bulkers Receivables Turnover Related Terms

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Safe Bulkers (Safe Bulkers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Safe Bulkers Inc (NYSE:SBpD.PFD) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SBpC.PFD:USA SB:USA SBL:Germany

Address

6, Avenue des Citronniers, Apt. D11, Les Acanthes, Monaco City, MCO, MC98000

Website

https://www.safebulkers.com

Safe Bulkers Inc is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along international shipping routes for consumers of marine drybulk transportation services. The company employs its vessels on both period time charters and spot time charters, according to the assessment of market conditions, with consumers of marine drybulk transportation services.