Gol Intelligent Airlines Inc Accounts Receivables Turnover Ratio from the fourth quarter 2023 to the fourth quarter 2022

Quarterly Results, Trends, Rankings, Statistics

Gol Intelligent Airlines Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the fourth quarter 2023 to a ratio of 22.28, above the company average. This is a clear sign of healthy business climate in the Airline industry and improving liquidity at their respective customers, during the fourth quarter 2023. Average receivable collection period, for the Gol Intelligent Airlines Inc in Dec 31 2023 quarter, has decreased to 16 days, compared to 20 days, in the 0 quarter.

If we take a look into Transportation sector 21 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Dec 31 2023 from 739 to 823.

What is Receivable Turnover Ratio?
What is Gol Intelligent Airlines Inc Selling?

What is Receivable Turnover Ratio?

Select the Comparisons :

None ▼

Select the Ratio:

Accounts Receivables Turnover▼

None ▼

Accounts Receivables Turnover▼

Download as CSV

Commercial Data Licensing & OEM

Annual commercial subscriptions for corporate use, internal BI systems, management reporting, AI integration, and client-facing platforms

API & Data Feeds

Programmatic access to normalized fundamentals & ratios.

GOL 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	1.27 %	-7.04 %	-7.04 %	-7.04 %	10.06 %
Y / Y Revenue Change	23.52 %	-	-	-	104.47 %
Receivable Turnover Ratio (TTM)	22.28	18.1	17.77	17.45	17.14
GOL's Total Ranking	# 823	# 739	# 754	# 0	# 1284
Accounts Receivable average collection period days	16	20	21	21	21
Seq. Receivable Change	8.47 %	0 %	0 %	-6.64 %	-0.43 %
Seq. Revenue Change	-	-	-	-	-

Receivable Turnover Company Ranking
Within:	No.
Airline Industry	# 0
Transportation Sector	# 22
Overall Market	# 823

Receivable Turnover Ratio Statistics
High	Average	Low
1.12	0.87	0.5
(Dec 31 2023)		(Dec 31 2020)

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

Financial Statements
Gol Intelligent Airlines Inc 's Accounts Receivable	$ 170 Millions	Visit GOL's Balance sheet
Gol Intelligent Airlines Inc 's Sales TTM	$ 3,567 Millions	Visit GOL's Income Statement
Sources of GOL's Revenues		Visit GOL's Sales by Geography

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

You may also want to know
GOL's Growth Rates	GOL's Roa	GOL's Inventory Turnover Ratio	GOL's Dividend Comparisons
GOL's Profitability Ratios	GOL's Roi	GOL's Asset Turnover Ratio	GOL's Dividend Growth
GOL's Valuation Ratios	GOL's Roe	GOL's Financial Strength Ratios	GOL'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: 2026-09-18T13:11:05+00:00

Help

About us

Products

Data downloads

API

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research.

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com

Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.