Ardmore Shipping Corporation Receivables

Receivables of ASC for past 10 years: annual, quarterly and twelve month trailing (TTM) including Receivables growth rates and interactive chart. Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers. Accounts receivables are listed on the balance sheet as a current asset. AR is any amount of money owed by customers for purchases made on credit. When a company makes a sale, it records revenues and a corresponding balance in accounts receivable. When an invoice is paid, the accounts payable account is reduced and cash is received. Receivables should grow in-line with revenue over time, if they are growing much faster, a company might be booking revenue too aggressively.


Highlights and Quick Summary

  • Receivables for the quarter ending March 30, 2021 was $19.5 Million (a 9.45% increase compared to previous quarter)
  • Year-over-year quarterly Receivables decreased by -41.38%
  • Annual Receivables for 2020 was $17.8 Million (a -40.8% decrease from previous year)
  • Annual Receivables for 2019 was $30.1 Million (a 6.5% increase from previous year)
  • Annual Receivables for 2018 was $28.2 Million (a 3.6% increase from previous year)
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Historical Receivables of Ardmore Shipping Corporation

Most recent Receivablesof ASC including historical data for past 10 years.

Interactive Chart of Receivables of Ardmore Shipping Corporation

Ardmore Shipping Corporation Receivables for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $19.49
2020 $17.81 $19.73 $33.25 $27.71 $17.81
2019 $30.08 $24.84 $24.4 $28.36 $30.08
2018 $27.46 $28.83 $26.01 $28.22 $28.25
2017 $27.26 $28.78 $28.03 $26.82 $27.26
2016 $23.23 $21.49 $19.91 $20.27 $23.23
2015 $26.21 $21.9 $16.79 $13.4 $26.21
2014 $5.62 $4.24 $1.9 $0.99 $5.62
2013 $1.07 $1.41 $1.07 $1.07
2012 $1.36
2011 $2.38 $2.38

Business Profile of Ardmore Shipping Corporation

Sector: Industrials
Industry: Marine Shipping
Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. As of February 15, 2021, the company operated a fleet of 25 double-hulled product and chemical tankers. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers. The company was founded in 2010 and is based in Pembroke, Bermuda.