Golden Ocean Group Limited's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the fourth quarter 2024 to a ratio of 31.08, above the company average. This is a clear sign of healthy business climate in the Cruise and Shipping industry and improving liquidity at their respective customers, during the fourth quarter 2024. Average receivable collection period, for the Golden Ocean Group Limited in Dec 31 2024 quarter, has decreased to 12 days, compared to 13 days, in the 0 quarter.

If we take a look into Services sector 466 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Dec 31 2024 from 0 to 2802.

What is Receivable Turnover Ratio?
What is Golden Ocean Group Limited Selling?

What is Receivable Turnover Ratio?

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GOGL Receivables Turnover Ratio	(Dec 31 2024) IV. Quarter	0 III. Quarter	0 II. Quarter	0 I. Quarter	(Dec 31 2023) IV. Quarter
Y / Y Receivable Change	-5.77 %	-17.67 %	-1.84 %	-17.67 %	59.79 %
Y / Y Revenue Change	9.33 %	-	-	-	-20.45 %
Receivable Turnover Ratio (TTM)	31.08	27.89	26.65	26.53	25.41
GOGL's Total Ranking	# 2802	# 0	# 0	# 0	# 558
Accounts Receivable average collection period days	12	13	14	14	14
Seq. Receivable Change	42.74 %	-7.87 %	8.55 %	-33.99 %	24.72 %
Seq. Revenue Change	-	-	-	-	-

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

Receivable 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 Receivables Turnover Ratio to its Competitors

Financial Statements
Golden Ocean Group Limited's Accounts Receivable	$ 39 Millions	Visit GOGL's Balance sheet
Golden Ocean Group Limited's Sales TTM	$ 968 Millions	Visit GOGL's Income Statement
Sources of GOGL's Revenues		Visit GOGL's Sales by Geography

Other Accounts Receivable Turnover Ratios
Cruise and Shipping Industry Accounts Receivable Turnover Trends and Statistics
Services Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
GOGL's Receivable Turnover Ratio versus Cruise and Shipping Industry, Services Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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GOGL's Profitability Ratios	GOGL's Roi	GOGL's Asset Turnover Ratio	GOGL's Dividend Growth
GOGL's Valuation Ratios	GOGL's Roe	GOGL's Financial Strength Ratios	GOGL's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2024, within Services Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Dec 31 2024	Receivable at quarter ending Dec 31 2024
Getty Realty Corp	67.33	$ 203.391 Millions	$ 3.021 Millions
One Group Hospitality Inc	62.69	$ 673.344 Millions	$ 10.741 Millions
El Pollo Loco Holdings Inc	62.12	$ 636.327 Millions	$ 10.243 Millions
Didi Global inc	60.06	$ 28,741.664 Millions	$ 478.528 Millions
Sonder Holdings Inc	59.47	$ 621.272 Millions	$ 10.448 Millions
Reborn Coffee Inc	58.69	$ 5.929 Millions	$ 0.101 Millions
Ww International Inc	58.53	$ 784.751 Millions	$ 13.407 Millions
Texas Roadhouse inc	58.40	$ 5,373.332 Millions	$ 92.004 Millions
Sea Limited	54.85	$ 16,819.866 Millions	$ 306.657 Millions
Leafbuyer Technologies Inc	54.32	$ 6.324 Millions	$ 0.116 Millions
Full House Resorts Inc	54.31	$ 292.065 Millions	$ 5.378 Millions
Vacasa Inc	54.07	$ 910.485 Millions	$ 16.841 Millions
Psq Holdings Inc	52.24	$ 23.199 Millions	$ 0.444 Millions
Knot Offshore Partners Lp	50.97	$ 318.599 Millions	$ 6.251 Millions
Kura Sushi Usa Inc	50.16	$ 250.841 Millions	$ 5.001 Millions
Sadot Group Inc	49.89	$ 1,078.072 Millions	$ 21.610 Millions
Potbelly Corporation	49.79	$ 462.598 Millions	$ 9.291 Millions
Anywhere Real Estate Inc	49.50	$ 5,692.000 Millions	$ 115.000 Millions
Canterbury Park Holding Corp	49.21	$ 61.562 Millions	$ 1.251 Millions
Cimpress Plc	49.02	$ 3,357.327 Millions	$ 68.495 Millions
Bab Inc	48.27	$ 3.545 Millions	$ 0.073 Millions
Portillos Inc	47.78	$ 710.554 Millions	$ 14.870 Millions
Hudson Pacific Properties Inc	46.96	$ 842.082 Millions	$ 17.930 Millions
Th International Limited	46.23	$ 193.348 Millions	$ 4.182 Millions
Greenpro Capital Corp	46.17	$ 3.496 Millions	$ 0.076 Millions
Service Corporation International	46.04	$ 4,179.363 Millions	$ 90.772 Millions
Douglas Elliman Inc	44.74	$ 995.627 Millions	$ 22.252 Millions
Ark Restaurants Corp	44.03	$ 181.046 Millions	$ 4.112 Millions
Rci Hospitality Holdings Inc	43.92	$ 293.180 Millions	$ 6.675 Millions
Golden Entertainment Inc	43.55	$ 666.818 Millions	$ 15.312 Millions

Date modified: 2026-09-18T13:11:06+00:00

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