Navios Maritime Holdings Inc asset turnover ratio, the ability of Navios Maritime Holdings Inc 's assets to generate revenue in the second quarter 2023, increased sequentially to 0.39 in the second quarter (Jun 30 2023), yet the ratio remained below the average, as NM's position remain challenging.

Within sector 38 more businesses have achieved higher asset turnover ratio. While asset turnover ranking remained unchanged in the Second Quarter 2023 compared to previous quarter at no. 3006.

Asset Turnover Ratio Definition

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NM Asset Turnover Ratio	(Jun 30 2023) II. Quarter	(Dec 31 2022) IV. Quarter	0 III. Quarter	0 II. Quarter	0 I. Quarter
Y / Y Asset Change	-6.27 %	-68.24 %	-48.8 %	-9.16 %	-48.8 %
Y / Y Revenue Change	-	-56.4 %	-	-51.83 %	-
Asset Turnover Ratio (TTM)	0.39	0.3	-	0.37	-
NM's Total Ranking	# 3006	# 3006	# 0	# 2962	#
Seq. Asset Change	-2.4 %	-3.96 %	-39.65 %	65.71 %	-66.93 %
Seq. Revenue Change	-67.93 %	-	-	-	-

Asset Turnover Ratio Company Ranking
Within:	No.
Marine Transportation Industry	# 39
Transportation Sector	# 93
Overall Market	# 3006

Asset Turnover Ratio Statistics
High	Average	Low
9.32	5.98	4.11
(Dec 31 2021)		(Dec 31 2018)

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

Companies with similar Asset Turnover Ratio for the quarter ending Jun 30 2023, within Transportation Sector	Asset Turnover Ratio	Revenues for 12 Months ending Jun 30 2023	Assets at quarter ending Jun 30 2023
Marten Transport Ltd	1.27	$ 1,230.727 Millions	$ 971.935 Millions
Pamt Corp	1.26	$ 919.382 Millions	$ 729.475 Millions
Saia Inc	1.23	$ 2,740.444 Millions	$ 2,223.736 Millions
Old Dominion Freight Line Inc	1.22	$ 5,950.674 Millions	$ 4,896.506 Millions
Saker Aviation Services Inc	1.16	$ 8.181 Millions	$ 7.054 Millions
Werner Enterprises Inc	1.09	$ 3,332.907 Millions	$ 3,044.473 Millions
Fedex Corporation	1.05	$ 90,155.000 Millions	$ 86,184.500 Millions
The Greenbrier Companies Inc	1.00	$ 3,876.600 Millions	$ 3,885.700 Millions
Wheels Up Experience Inc	0.90	$ 1,515.487 Millions	$ 1,691.899 Millions
Frontier Group Holdings Inc	0.80	$ 3,627.000 Millions	$ 4,530.750 Millions
American Airlines Group Inc	0.80	$ 52,894.000 Millions	$ 66,353.500 Millions
Heartland Express Inc	0.77	$ 1,265.985 Millions	$ 1,645.062 Millions
Delta Air Lines Inc	0.76	$ 55,747.000 Millions	$ 72,878.750 Millions
Brink s Co	0.76	$ 4,729.200 Millions	$ 6,240.975 Millions
Jetblue Airways Corp	0.75	$ 9,915.000 Millions	$ 13,270.750 Millions
Pangaea Logistics Solutions Ltd	0.73	$ 539.087 Millions	$ 735.488 Millions
United Airlines Holdings Inc	0.73	$ 50,884.000 Millions	$ 70,021.000 Millions
Alaska Air Group Inc	0.72	$ 10,341.000 Millions	$ 14,460.500 Millions
Southwest Airlines Co	0.70	$ 25,135.000 Millions	$ 35,845.000 Millions
Hawaiian Holdings inc	0.68	$ 2,791.719 Millions	$ 4,134.512 Millions
Bristow Group Inc	0.67	$ 1,242.237 Millions	$ 1,842.452 Millions
Tritium Dcfc Limited	0.67	$ 184.544 Millions	$ 275.176 Millions
Usd Partners Lp	0.66	$ 82.725 Millions	$ 124.425 Millions
Sun Country Airlines Holdings Inc	0.64	$ 1,004.053 Millions	$ 1,565.551 Millions
Knight swift Transportation Holdings Inc	0.62	$ 6,830.373 Millions	$ 11,019.982 Millions
Spirit Aviation Holdings Inc	0.60	$ 5,516.735 Millions	$ 9,141.178 Millions
Air Transport Services Group Inc	0.57	$ 2,080.375 Millions	$ 3,642.476 Millions
Chargepoint Holdings Inc	0.53	$ 558.324 Millions	$ 1,052.188 Millions
Allegiant Travel Co	0.51	$ 2,505.370 Millions	$ 4,895.156 Millions
Westinghouse Air Brake Technologies Corporation	0.48	$ 8,988.000 Millions	$ 18,608.000 Millions

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