Best Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the fourth quarter 2023 to a ratio of 75.57, above the company average. This is a clear sign of healthy business climate in the Transport & Logistics industry and improving liquidity at their respective customers, during the fourth quarter 2023. Average receivable collection period, for the Best Inc in Dec 31 2023 quarter, has decreased to 5 days, compared to 9 days, in the 0 quarter.

If we take a look into Transportation sector 10 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 319, from overall ranking in the third quarter 2023 at 469.

What is Receivable Turnover Ratio?
What is Best Inc Selling?

What is Receivable Turnover Ratio?

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BEST Receivables Turnover Ratio	(Dec 31 2023) IV. Quarter	0 III. Quarter	0 II. Quarter	0 I. Quarter	(Dec 31 2022) IV. Quarter
Y / Y Receivable Change	-44.3 %	-	-	-	-25.56 %
Y / Y Revenue Change	4.32 %	-	-	-	-37.38 %
Receivable Turnover Ratio (TTM)	75.57	40.35	20.17	13.45	10.09
BEST's Total Ranking	# 319	# 469	# 0	# 508	# 1455
Accounts Receivable average collection period days	5	9	18	27	36
Seq. Receivable Change	-	-	-	-	0 %
Seq. Revenue Change	-	-	-	-	-

Receivable Turnover Company Ranking
Within:	No.
Transport & Logistics Industry	# 1
Transportation Sector	# 11
Overall Market	# 319

Receivable Turnover Ratio Statistics
High	Average	Low
64.71	14.11	2.73
(Dec 31 2023)		(Mar 31 2015)

BEST Company Profile • Back to BEST Efficiency Comparisons • Compare BEST Receivables Turnover Ratio to its Competitors

Financial Statements
Best Inc 's Accounts Receivable	$ 62 Millions	Visit BEST's Balance sheet
Best Inc 's Sales TTM	$ 1,171 Millions	Visit BEST's Income Statement
Sources of BEST's Revenues		Visit BEST's Sales by Geography

Other Accounts Receivable Turnover Ratios
Transport & Logistics Industry Accounts Receivable Turnover Trends and Statistics
Transportation Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
BEST's Receivable Turnover Ratio versus Transport & Logistics Industry, Transportation Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

You may also want to know
BEST's Growth Rates	BEST's Roa	BEST's Inventory Turnover Ratio	BEST's Dividend Comparisons
BEST's Profitability Ratios	BEST's Roi	BEST's Asset Turnover Ratio	BEST's Dividend Growth
BEST's Valuation Ratios	BEST's Roe	BEST's Financial Strength Ratios	BEST's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2023, within Transportation Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Dec 31 2023	Receivable at quarter ending Dec 31 2023
Diana Shipping Inc	44.65	$ 262.098 Millions	$ 5.870 Millions
Allegiant Travel Co	38.08	$ 2,509.857 Millions	$ 65.917 Millions
Global Crossing Airlines Group Inc.	37.61	$ 160.122 Millions	$ 4.258 Millions
Saker Aviation Services Inc	37.60	$ 8.838 Millions	$ 0.235 Millions
Frontier Group Holdings Inc	36.90	$ 3,589.000 Millions	$ 97.250 Millions
Atlas Corp	36.56	$ 1,820.700 Millions	$ 49.800 Millions
Octave Specialty Group Inc	34.99	$ 451.871 Millions	$ 12.914 Millions
Castor Maritime Inc	33.45	$ 97.516 Millions	$ 2.915 Millions
Best Inc	33.25	$ 1,171.262 Millions	$ 35.226 Millions
Stealthgas Inc	31.85	$ 143.528 Millions	$ 4.507 Millions
Freightcar America Inc	30.31	$ 358.093 Millions	$ 11.816 Millions
Alaska Air Group Inc	29.47	$ 10,426.000 Millions	$ 353.750 Millions
Jetblue Airways Corp	29.47	$ 9,615.000 Millions	$ 326.250 Millions
Sun Country Airlines Holdings Inc	29.27	$ 1,049.620 Millions	$ 35.861 Millions
Skywest Inc	28.82	$ 2,935.432 Millions	$ 101.860 Millions
Spirit Aviation Holdings Inc	28.63	$ 5,362.549 Millions	$ 187.309 Millions
Hawaiian Holdings inc	27.31	$ 2,716.284 Millions	$ 99.479 Millions
Globus Maritime Limited	27.11	$ 31.205 Millions	$ 1.151 Millions
American Airlines Group Inc	26.04	$ 52,788.000 Millions	$ 2,027.250 Millions
United Airlines Holdings Inc	25.67	$ 53,717.000 Millions	$ 2,092.250 Millions
Polaris Inc	25.49	$ 8,934.400 Millions	$ 350.475 Millions
Ftai Infrastructure Inc	22.89	$ 320.472 Millions	$ 13.998 Millions
Gol Intelligent Airlines Inc	22.12	$ 3,762.004 Millions	$ 170.070 Millions
Copa Holdings S a	21.71	$ 3,457.004 Millions	$ 159.247 Millions
Genco Shipping and Trading Limited	20.83	$ 383.825 Millions	$ 18.431 Millions
Southwest Airlines Co	20.45	$ 26,091.000 Millions	$ 1,276.000 Millions
Delta Air Lines Inc	18.30	$ 58,048.000 Millions	$ 3,172.500 Millions
Wheels Up Experience Inc	18.03	$ 1,253.317 Millions	$ 69.505 Millions
Singularity Future Technology Ltd	17.59	$ 3.684 Millions	$ 0.209 Millions
Costamare Inc	16.74	$ 848.289 Millions	$ 50.684 Millions

Date modified: 2026-10-07T00:41:52+00:00

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