Eagle Bulk Shipping Inc 's asset turnover ratio, the ratio that measures the ability of Eagle Bulk Shipping Inc 's assets to generate revenue, sequentially decreased to 0.35 in the fourth quarter (Dec 31 2023), which does not come as a surprise, as the Eagle Bulk Shipping Inc continue to experience difficult business climate.

Within sector 21 more businesses have achieved higher asset turnover ratio. While ranking the asset turnover ratio, among all other companies, it is fair to say, that the company's position has deteriorated in the fourth quarter 2023 compared to the preceding quarter from 938 to 962.

Asset Turnover Ratio Definition

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EGLE Asset Turnover Ratio	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter	(Dec 31 2022) IV. Quarter
Y / Y Asset Change	-7.17 %	-7.31 %	-2.92 %	4.3 %	9.79 %
Y / Y Revenue Change	-30.94 %	-55.42 %	-48.96 %	-42.95 %	-18.02 %
Asset Turnover Ratio (TTM)	0.35	0.38	0.46	0.54	0.61
EGLE's Total Ranking	# 962	# 938	# 937	# 894	# 913
Seq. Asset Change	-1.2 %	-2.06 %	-1.69 %	-2.42 %	-1.35 %
Seq. Revenue Change	26.61 %	-18.54 %	-3.6 %	-30.54 %	-18.28 %

Asset Turnover Ratio Company Ranking
Within:	No.
Marine Transportation Industry	# 22
Transportation Sector	# 43
Overall Market	# 962

Asset Turnover Ratio Statistics
High	Average	Low
24.48	17.54	10.23
(Dec 31 2021)		(Dec 31 2015)

EGLE Company Profile • Back to EGLE Efficiency Comparisons • Compare EGLE Asset Turnover Ratio to its Competitors

Companies with similar Asset Turnover Ratio for the quarter ending Dec 31 2023, within Transportation Sector	Asset Turnover Ratio	Revenues for 12 Months ending Dec 31 2023	Assets at quarter ending Dec 31 2023
Azul Sa	0.90	$ 3,525.341 Millions	$ 3,901.253 Millions
Wheels Up Experience Inc	0.87	$ 1,253.317 Millions	$ 1,435.097 Millions
Volato Group Inc	0.84	$ 105.672 Millions	$ 125.727 Millions
Grindrod Shipping Holdings Ltd	0.84	$ 387.096 Millions	$ 460.884 Millions
Forward Air Corporation	0.83	$ 1,370.735 Millions	$ 1,645.313 Millions
American Airlines Group Inc	0.80	$ 52,788.000 Millions	$ 65,703.750 Millions
Latam Airlines Group S a	0.79	$ 11,640.541 Millions	$ 14,667.315 Millions
Delta Air Lines Inc	0.79	$ 58,048.000 Millions	$ 73,380.500 Millions
Heartland Express Inc	0.77	$ 1,207.458 Millions	$ 1,573.586 Millions
Brink s Co	0.76	$ 4,874.600 Millions	$ 6,382.775 Millions
United Airlines Holdings Inc	0.75	$ 53,717.000 Millions	$ 72,003.750 Millions
Frontier Group Holdings Inc	0.74	$ 3,589.000 Millions	$ 4,826.500 Millions
Southwest Airlines Co	0.72	$ 26,091.000 Millions	$ 36,383.000 Millions
Jetblue Airways Corp	0.71	$ 9,615.000 Millions	$ 13,493.250 Millions
Alaska Air Group Inc	0.71	$ 10,426.000 Millions	$ 14,725.750 Millions
Medixall Group Inc	0.70	$ 0.309 Millions	$ 0.442 Millions
Pangaea Logistics Solutions Ltd	0.69	$ 496.342 Millions	$ 722.144 Millions
Hawaiian Holdings inc	0.69	$ 2,716.284 Millions	$ 3,961.023 Millions
Bristow Group Inc	0.68	$ 1,297.429 Millions	$ 1,905.360 Millions
Teekay Corporation Ltd	0.67	$ 1,464.975 Millions	$ 2,196.638 Millions
Copa Holdings S a	0.67	$ 3,457.004 Millions	$ 5,196.836 Millions
Sun Country Airlines Holdings Inc	0.65	$ 1,049.620 Millions	$ 1,610.261 Millions
Knight swift Transportation Holdings Inc	0.59	$ 7,141.766 Millions	$ 12,022.986 Millions
Central North Airport Group	0.57	$ 854.488 Millions	$ 1,491.671 Millions
Spirit Aviation Holdings Inc	0.57	$ 5,362.549 Millions	$ 9,368.308 Millions
Air Transport Services Group Inc	0.55	$ 2,070.611 Millions	$ 3,795.762 Millions
Torm Plc	0.53	$ 1,520.393 Millions	$ 2,852.237 Millions
Westinghouse Air Brake Technologies Corporation	0.51	$ 9,677.000 Millions	$ 18,860.500 Millions
Allegiant Travel Co	0.51	$ 2,509.857 Millions	$ 4,905.122 Millions
Republic Airways Holdings Inc	0.49	$ 469.668 Millions	$ 953.573 Millions

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