Due to the increase in investments during the fourth quarter 2023, Patriot Transportation Holding Inc 's asset turnover ratio sequentially decreased to 1.93 in the fourth quarter (Sep 30 2023), but remained above the company's average. For every Dollar on the Balance Sheet, Patriot Transportation Holding Inc realized $1.93 in annual sales.

Within sector Patriot Transportation Holding Inc achieved the highest 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 235 to 257.

Asset Turnover Ratio Definition

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PATI Asset Turnover Ratio	(Sep 30 2023) IV. Quarter	(Jun 30 2023) III. Quarter	(Mar 31 2023) II. Quarter	(Dec 31 2022) I. Quarter	(Sep 30 2022) IV. Quarter
Y / Y Asset Change	11.31 %	3.88 %	-0.05 %	-0.42 %	-10.58 %
Y / Y Revenue Change	5.83 %	3.2 %	12.12 %	11.08 %	11.85 %
Asset Turnover Ratio (TTM)	1.93	1.95	1.96	1.9	1.85
PATI's Total Ranking	# 257	# 235	# 108	# 131	# 210
Seq. Asset Change	4.54 %	6.03 %	-0.04 %	0.47 %	-2.44 %
Seq. Revenue Change	-0.15 %	3.36 %	2.69 %	-0.14 %	-2.63 %

Asset Turnover Ratio Company Ranking
Within:	No.
Transport & Logistics Industry	# 1
Transportation Sector	# 6
Overall Market	# 257

Asset Turnover Ratio Statistics
High	Average	Low
2.09	1.71	1.33
(Sep 30 2015)		(Sep 30 2020)

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

Companies with similar Asset Turnover Ratio for the quarter ending Sep 30 2023, within Transportation Sector	Asset Turnover Ratio	Revenues for 12 Months ending Sep 30 2023	Assets at quarter ending Sep 30 2023
C h Robinson Worldwide Inc	3.31	$ 18,441.377 Millions	$ 5,568.269 Millions
Landstar System Inc	3.10	$ 5,781.657 Millions	$ 1,865.008 Millions
Unique Logistics International Inc	3.06	$ 330.124 Millions	$ 107.914 Millions
Radiant Logistics Inc	2.27	$ 965.312 Millions	$ 425.712 Millions
Expeditors International Of Washington Inc	2.09	$ 10,463.870 Millions	$ 5,016.293 Millions
Patriot Transportation Holding Inc	1.89	$ 94.785 Millions	$ 50.032 Millions
Arcbest Corporation	1.87	$ 4,582.126 Millions	$ 2,444.357 Millions
Global Crossing Airlines Group Inc.	1.78	$ 138.701 Millions	$ 78.082 Millions
Freightcar America Inc	1.72	$ 360.478 Millions	$ 209.990 Millions
J b Hunt Transport Services Inc	1.64	$ 13,175.586 Millions	$ 8,049.422 Millions
Polaris Inc	1.63	$ 8,874.000 Millions	$ 5,427.600 Millions
Hub Group Inc	1.58	$ 4,503.065 Millions	$ 2,854.059 Millions
Air T Inc	1.51	$ 286.170 Millions	$ 189.032 Millions
Forward Air Corporation	1.43	$ 1,723.895 Millions	$ 1,202.449 Millions
Universal Logistics Holdings Inc	1.40	$ 1,729.940 Millions	$ 1,233.405 Millions
Covenant Logistics Group Inc	1.35	$ 1,125.645 Millions	$ 831.041 Millions
United Parcel Service Inc	1.31	$ 93,074.000 Millions	$ 70,985.250 Millions
Schneider National Inc	1.28	$ 5,688.900 Millions	$ 4,455.600 Millions
Saia Inc	1.21	$ 2,786.027 Millions	$ 2,309.985 Millions
Marten Transport Ltd	1.20	$ 1,185.817 Millions	$ 986.560 Millions
Pamt Corp	1.19	$ 868.254 Millions	$ 732.533 Millions
Old Dominion Freight Line Inc	1.17	$ 5,862.261 Millions	$ 5,018.376 Millions
Jet ai Inc	1.12	$ 10.051 Millions	$ 8.974 Millions
Saker Aviation Services Inc	1.06	$ 8.173 Millions	$ 7.685 Millions
Werner Enterprises Inc	1.06	$ 3,323.045 Millions	$ 3,128.307 Millions
Fedex Corporation	1.02	$ 88,594.000 Millions	$ 86,622.000 Millions
The Greenbrier Companies Inc	1.00	$ 3,943.100 Millions	$ 3,926.025 Millions
Wheels Up Experience Inc	0.89	$ 1,415.194 Millions	$ 1,586.888 Millions
American Airlines Group Inc	0.80	$ 52,914.000 Millions	$ 66,118.250 Millions
Heartland Express Inc	0.80	$ 1,287.035 Millions	$ 1,613.546 Millions

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