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 22.75, 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?

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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	-7.04 %	-7.04 %	-7.04 %	-7.04 %	4.36 %
Y / Y Revenue Change	23.52 %	-	-	-	104.47 %
Receivable Turnover Ratio (TTM)	22.75	18.08	17.75	17.43	17.12
GOL's Total Ranking	# 823	# 739	# 754	# 0	# 1284
Accounts Receivable average collection period days	16	20	21	21	21
Seq. Receivable Change	0 %	0 %	0 %	-7.04 %	0 %
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	$ 157 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

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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
Cmb tech Nv	54.87	$ 1,235.127 Millions	$ 22.511 Millions
Diana Shipping Inc	46.11	$ 262.098 Millions	$ 5.685 Millions
Himalaya Shipping Ltd	45.30	$ 36.736 Millions	$ 0.811 Millions
Euroseas Ltd	38.49	$ 189.357 Millions	$ 4.919 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
Frontier Group Holdings Inc	36.90	$ 3,589.000 Millions	$ 97.250 Millions
Stealthgas Inc	31.85	$ 143.528 Millions	$ 4.507 Millions
Frontline Plc	29.65	$ 1,826.264 Millions	$ 61.593 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
Octave Specialty Group Inc	27.42	$ 451.871 Millions	$ 16.479 Millions
Hawaiian Holdings inc	26.81	$ 2,716.284 Millions	$ 101.324 Millions
Navios Maritime Partners L p	26.44	$ 1,306.889 Millions	$ 49.431 Millions
Saker Aviation Services Inc	26.29	$ 8.838 Millions	$ 0.336 Millions
Spirit Aviation Holdings Inc	26.09	$ 5,362.549 Millions	$ 205.577 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
Atlas Corp	25.34	$ 1,820.700 Millions	$ 71.850 Millions
Alaska Air Group Inc	25.15	$ 10,426.000 Millions	$ 414.500 Millions
Polaris Inc	24.24	$ 8,934.400 Millions	$ 368.600 Millions
Freightcar America Inc	23.74	$ 358.093 Millions	$ 15.085 Millions
Zto Express cayman Inc	22.49	$ 5,410.632 Millions	$ 240.567 Millions
Grindrod Shipping Holdings Ltd	22.17	$ 387.096 Millions	$ 17.457 Millions
Sfl Corporation Ltd	21.97	$ 752.286 Millions	$ 34.246 Millions
Costamare Inc	21.86	$ 1,511.406 Millions	$ 69.142 Millions
Genco Shipping and Trading Limited	20.83	$ 383.825 Millions	$ 18.431 Millions
Scorpio Tankers Inc	20.50	$ 1,341.222 Millions	$ 65.440 Millions
Southwest Airlines Co	20.45	$ 26,091.000 Millions	$ 1,276.000 Millions

Date modified: 2026-06-24T10:07:58+00:00

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