Golden Ocean Group Limited asset turnover ratio, the ability of Golden Ocean Group Limited's assets to generate revenue in the fourth quarter 2024, increased sequentially to 0.29 in the fourth quarter (Dec 31 2024), GOGL's balance sheet remain strong.

Within sector 10 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 2024 compared to the preceding quarter from 0 to 2802.

Asset Turnover Ratio Definition

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GOGL Asset Turnover Ratio	(Dec 31 2024) IV. Quarter	0 III. Quarter	0 II. Quarter	0 I. Quarter	(Dec 31 2023) IV. Quarter
Y / Y Asset Change	-3.06 %	-3.21 %	-3.23 %	-3.21 %	7.07 %
Y / Y Revenue Change	9.33 %	-	-	-	-20.45 %
Asset Turnover Ratio (TTM)	0.29	-	-	-	0.25
GOGL's Total Ranking	# 2802	# 0	# 0	# 0	# 558
Seq. Asset Change	0.69 %	-0.71 %	0.72 %	-3.73 %	0.54 %
Seq. Revenue Change	-	-	-	-	-

Asset Turnover Ratio Company Ranking
Within:	No.
Cruise and Shipping Industry	# 11
Services Sector	# 467
Overall Market	# 2802

Asset Turnover Ratio Statistics
High	Average	Low
0.35	0.23	0.09
(Dec 31 2021)		(Dec 31 2015)

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

Companies with similar Asset Turnover Ratio for the quarter ending Dec 31 2024, within Services Sector	Asset Turnover Ratio	Revenues for 12 Months ending Dec 31 2024	Assets at quarter ending Dec 31 2024
Deluxe Corporation	0.78	$ 2,121.761 Millions	$ 2,712.214 Millions
Gaotu Techedu Inc	0.78	$ 623.835 Millions	$ 798.441 Millions
Exponent Inc	0.78	$ 558.514 Millions	$ 714.979 Millions
Matson inc	0.78	$ 3,421.800 Millions	$ 4,382.850 Millions
Laureate Education Inc	0.78	$ 1,566.642 Millions	$ 2,006.855 Millions
Pdd Holdings inc	0.78	$ 53,955.324 Millions	$ 69,189.417 Millions
Vivakor Inc	0.78	$ 89.811 Millions	$ 115.424 Millions
Kura Sushi Usa Inc	0.77	$ 250.841 Millions	$ 324.326 Millions
Galaxy Gaming Inc	0.77	$ 31.737 Millions	$ 41.226 Millions
Netflix Inc	0.77	$ 39,000.966 Millions	$ 50,959.708 Millions
Ryder System Inc	0.77	$ 12,636.000 Millions	$ 16,514.500 Millions
Korn Ferry	0.77	$ 2,741.182 Millions	$ 3,582.990 Millions
Townsquare Media Inc	0.76	$ 450.982 Millions	$ 590.541 Millions
Shake Shack Inc	0.75	$ 1,252.608 Millions	$ 1,663.245 Millions
Butler National Corp	0.74	$ 84.991 Millions	$ 114.233 Millions
Sea Limited	0.74	$ 16,819.866 Millions	$ 22,625.469 Millions
Bab Inc	0.74	$ 3.545 Millions	$ 4.773 Millions
Stagwell Inc	0.74	$ 2,841.216 Millions	$ 3,828.209 Millions
Lindblad Expeditions Holdings Inc	0.74	$ 644.727 Millions	$ 873.276 Millions
Onterris Inc	0.72	$ 696.395 Millions	$ 964.815 Millions
First Watch Restaurant Group Inc	0.71	$ 1,015.910 Millions	$ 1,428.806 Millions
Buzzfeed Inc	0.71	$ 189.887 Millions	$ 267.458 Millions
Gambling com Group Limited	0.71	$ 126.646 Millions	$ 178.583 Millions
Warner Music Group Corp	0.71	$ 6,344.000 Millions	$ 8,967.750 Millions
Marcus Corp	0.71	$ 735.560 Millions	$ 1,040.430 Millions
Gamesquare Holdings Inc	0.71	$ 68.334 Millions	$ 96.806 Millions
Perma Fix Environmental Services Inc	0.70	$ 59.117 Millions	$ 84.104 Millions
Ke Holdings inc	0.70	$ 12,803.324 Millions	$ 18,241.377 Millions
Acco Brands Corporation	0.70	$ 1,666.200 Millions	$ 2,385.725 Millions
Bright Horizons Family Solutions Inc	0.70	$ 2,685.606 Millions	$ 3,848.484 Millions

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