Receiveable Turnover (Annual)

Receiveable Turnover: An accounting measure used to quantify a firm's effectiveness in extending credit as well as collecting debts. Calculated as: Total Revenues / Accounts Receivable

Pangaea Logistics Solutions Ltd. (PANL) had Receiveable Turnover of 10.43 for the most recently reported fiscal year, ending 2023-12-31.

Quarterly Annual

Figures for fiscal year ending 2023-12-31

Income Statement Financials
Revenue	$499.27M
Net Income	$26.32M
Cost of Goods Sold	$338.47M
Gross Profit	$160.80M
Operating Expenses	$454.65M
Operating Income	$44.62M
Non-Operating Income/Expense	$-16.08M
Pre-Tax Income	$28.54M
Normalized Pre-Tax Income	$28.54M
Income after Taxes	$28.54M
Income from Continuous Operations	$28.54M
Consolidated Net Income/Loss	$28.54M
Normalized Income after Taxes	$28.54M
EBIT	$44.62M
EBITDA	$75.76M
Weighted-Average Shares Outstanding (Basic)	44.77M
Weighted-Average Shares Outstanding (Diluted)	45.48M
Earnings per Share (EPS) (Basic)	$0.59
Earnings per Share (EPS) (Diluted)	$0.58
Balance Sheet Financials
Current Assets	$191.83M
Property, Plant, and Equipment	$474.27M
Long-Term Assets	$513.35M
Total Assets	$705.18M
Current Liabilities	$105.33M
Long-Term Debt	$211.71M
Long-Term Liabilities	$229.65M
Total Liabilities	$334.98M
Common Equity	$370.20M
Tangible Shareholders Equity	$367.09M
Shareholders Equity	$370.20M
Common Shares Outstanding	46.47M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$53.79M
Cash Flow from Investing Activities	$-15.98M
Cash Flow from Financial Activities	$-67.15M
Beginning Cash	$128.38M
End Cash	$99.04M
Increase/Decrease in Cash	$-29.35M
Stock-Based Compensation	$2.09M
Common Stock Dividends Paid	$-28.50M
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	1.82
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.36
Debt to Equity Ratio	0.71
Gross Margin	32.21%
Operating Margin	8.94%
EBIT Margin	8.94%
EBITDA Margin	15.17%
Pre-Tax Profit Margin	5.72%
Profit Margin	5.27%
Free Cash Flow	$43.79M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.71
Inventory Turnover	20.44
Receiveable Turnover	10.43
Days Sales in Receivables	35.01
Return on Equity	7.71%
Return on Tangible Equity	7.77%
Return on Assets	4.05%
Return on Investments	4.90%
Book Value Per Share	$7.97
Free Cash Flow per Share	$0.96
Operating Cash Flow per Share	$1.18

Data from Zacks Investment Research, Inc.