Performance Shipping Accounts Receivables 2011-2026 | PSHG

Accounts receivable — is the amount of money owed to a company by other organizations, individuals, or the government. It arises when a company has already delivered goods, performed work, or provided services, but has not yet received payment for them.

Examples of accounts receivable

Customers have not paid invoices for delivered products
An advance has been paid to a supplier, but goods have not yet been received
Employees have not reported on accountable amounts
The government must refund tax overpayments
Outstanding loans issued

Importance of accounts receivable in company analysis

Asset quality
Accounts receivable are part of current assets. But they are not cash — they are promises. Investors assess how realistic these promises are to be collected. The higher the share of overdue or doubtful receivables, the greater the risk of asset impairment.
Impact on cash flow
Even if a company shows a profit, the money can be "tied up" in receivables. This means profit does not turn into actual cash, and the company may face liquidity shortages.
Assessment of management efficiency
The following accounts receivable turnover ratios are commonly used:
Receivables turnover = Revenue / Average accounts receivable
(the higher — the better)

Days Sales Outstanding (DSO) = 365 / Turnover
(the fewer days — the faster customers pay)

If the DSO is constantly increasing — this is a red flag — customers are delaying payments, and money gets stuck in settlements.

Annual Accounts Receivables Performance Shipping

2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
-	-	-	-	3.5 M	4.68 M	110 K	428 K	471 K	753 K	691 K	534 K	215 K	163 K

All numbers in USD currency

Indicator range from annual reports

Maximum	Minimum	Average
4.68 M	110 K	1.16 M

Quarterly Accounts Receivables Performance Shipping

2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1
-	-	-	-	3.79 M	-	2.49 M	-	3.5 M	-	-	-	3.98 M	-	-	-	110 K	-	240 K	-	428 K	-	654 K	-	471 K	-	470 K	-	753 K	-	811 K	-	691 K	-	521 K	-	534 K	-	314 K	-	215 K	-	-	-	163 K	-	-	-

All numbers in USD currency

Indicator range from quarterly reporting

Maximum	Minimum	Average
3.98 M	110 K	1.12 M

Accounts Receivables of other stocks in the Marine shipping industry

Issuer	Accounts Receivables	Price	% 24h	Market Cap	Country
Capital Product Partners L.P. CPLP	8.44 M	-	2.13 %	$ 355 B	Greece
Castor Maritime CTRM	1.3 M	$ 1.94	0.52 %	$ 18.7 M	Cyprus
EuroDry Ltd. EDRY	1.53 M	$ 21.38	3.71 %	$ 58.3 M	Greece
Flex LNG Ltd. FLNG	392 K	$ 32.71	0.46 %	$ 1.77 B	Bermuda
Eagle Bulk Shipping EGLE	30.9 M	-	-2.29 %	$ 678 M	USA
Danaos Corporation DAC	38.7 M	$ 133.21	2.62 %	$ 2.46 B	Greece
Costamare CMRE	8.25 M	$ 17.4	3.69 %	$ 2.09 B	Greece
Diana Shipping DSX	3.74 M	$ 2.69	2.09 %	$ 297 M	Greece
StealthGas GASS	3.6 M	$ 10.38	3.59 %	$ 366 M	Greece
Nordic American Tankers Limited NAT	16.2 M	$ 5.61	1.54 %	$ 1.17 B	Bermuda
Star Bulk Carriers Corp. SBLK	38.1 M	$ 26.68	2.3 %	$ 3.07 B	Greece
Genco Shipping & Trading Limited GNK	14.3 M	$ 24.21	2.15 %	$ 1.05 B	USA
Pangaea Logistics Solutions, Ltd. PANL	55.9 M	$ 8.19	0.31 %	$ 523 M	USA
International Seaways INSW	2.62 M	$ 86.3	3.6 %	$ 4.26 B	USA
Seanergy Maritime Holdings Corp. SHIP	801 K	$ 15.78	4.02 %	$ 323 M	Greece
Matson MATX	269 M	$ 187.91	4.36 %	$ 6.33 B	USA
Navios Maritime Holdings NM	46.5 M	-	0.22 %	$ 51.7 M	Monaco
Huntington Ingalls Industries HII	339 M	$ 321.68	-0.9 %	$ 12.6 B	USA
Kirby Corporation KEX	473 M	$ 149.31	1.83 %	$ 8.32 B	USA
SEACOR Marine Holdings SMHI	64.5 M	$ 7.34	-	$ 192 M	USA
Ardmore Shipping Corporation ASC	47.5 M	$ 19.52	3.58 %	$ 793 M	Bermuda
Navios Maritime Partners L.P. NMM	17 M	$ 75.5	0.87 %	$ 2.16 B	Greece
Top Ships TOPS	1.54 M	-	-1.67 %	$ 22.3 M	Greece
Safe Bulkers SB	6.48 M	$ 6.89	1.32 %	$ 710 M	Monaco
Euroseas Ltd. ESEA	2.01 M	$ 71.21	6.23 %	$ 494 M	Greece
Pyxis Tankers PXS	703 K	$ 4.67	3.9 %	$ 48.7 M	Greece