Globavend Holdings Limited's ability to collect accounts receivable sequentially worsen to 16.58, indicating more challenging environment then in the third quarter 2024, but still, it is a far cry from any concerns. Average collection period, for Globavend Holdings Limited's accounts receivable remained unchanged at 22 days, in the Sep 30 2024 quarter.

If we take a look into Transportation sector 23 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2024 from 0 to 1373.

What is Receivable Turnover Ratio?
What is Globavend Holdings Limited Selling?

What is Receivable Turnover Ratio?

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GVH Receivables Turnover Ratio	(Sep 30 2024) IV. Quarter	0 III. Quarter	0 II. Quarter	0 I. Quarter	(Sep 30 2023) IV. Quarter
Y / Y Receivable Change	-17.48 %	58.93 %	17.87 %	4176.92 %	17.87 %
Y / Y Revenue Change	-8.3 %	-	-	-	-
Receivable Turnover Ratio (TTM)	16.58	16.75	18.01	18.83	18.38
GVH's Total Ranking	# 1373	# 0	# 0	# 0	# 42
Accounts Receivable average collection period days	22	22	20	19	20
Seq. Receivable Change	17.71 %	-29.89 %	-2.49 %	2.55 %	126.7 %
Seq. Revenue Change	-	-	-	-53.17 %	-

Receivable Turnover Company Ranking
Within:	No.
Marine Transportation Industry	# 2
Transportation Sector	# 24
Overall Market	# 1373

Receivable Turnover Ratio Statistics
High	Average	Low
15.98	12.78	9.57
(Sep 30 2025)		(Sep 30 2024)

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

Financial Statements
Globavend Holdings Limited's Accounts Receivable	$ 1 Millions	Visit GVH's Balance sheet
Globavend Holdings Limited's Sales TTM	$ 25 Millions	Visit GVH's Income Statement
Sources of GVH's Revenues		Visit GVH's Sales by Geography

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

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GVH's Growth Rates	GVH's Roa	GVH's Inventory Turnover Ratio	GVH's Dividend Comparisons
GVH's Profitability Ratios	GVH's Roi	GVH's Asset Turnover Ratio	GVH's Dividend Growth
GVH's Valuation Ratios	GVH's Roe	GVH's Financial Strength Ratios	GVH's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2024, within Transportation Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Sep 30 2024	Receivable at quarter ending Sep 30 2024
Global Crossing Airlines Group Inc.	46.91	$ 217.736 Millions	$ 4.642 Millions
Medixall Group Inc	36.60	$ 0.304 Millions	$ 0.008 Millions
Allegiant Travel Co	35.40	$ 2,495.886 Millions	$ 70.509 Millions
Skywest Inc	34.86	$ 3,335.305 Millions	$ 95.677 Millions
Frontier Group Holdings Inc	33.85	$ 3,664.000 Millions	$ 108.250 Millions
Saker Aviation Services Inc	33.28	$ 8.509 Millions	$ 0.256 Millions
Polaris Inc	29.67	$ 7,708.100 Millions	$ 259.775 Millions
Jetblue Airways Corp	28.35	$ 9,326.000 Millions	$ 329.000 Millions
Freightcar America Inc	27.91	$ 548.333 Millions	$ 19.646 Millions
American Airlines Group Inc	26.86	$ 53,613.000 Millions	$ 1,995.750 Millions
Sun Country Airlines Holdings Inc	26.84	$ 1,060.877 Millions	$ 39.533 Millions
United Airlines Holdings Inc	26.12	$ 55,994.000 Millions	$ 2,143.750 Millions
Alaska Air Group Inc	26.12	$ 10,754.000 Millions	$ 411.750 Millions
Hub Group Inc	25.76	$ 3,957.903 Millions	$ 153.648 Millions
Surf Air Mobility Inc	25.53	$ 118.212 Millions	$ 4.631 Millions
Ftai Infrastructure Inc	23.73	$ 332.173 Millions	$ 13.998 Millions
Spirit Aviation Holdings Inc	23.43	$ 5,065.290 Millions	$ 216.167 Millions
Wheels Up Experience Inc	22.75	$ 833.669 Millions	$ 36.647 Millions
Southwest Airlines Co	21.77	$ 27,376.000 Millions	$ 1,257.750 Millions
Genco Shipping and Trading Limited	19.57	$ 439.331 Millions	$ 22.452 Millions
Delta Air Lines Inc	16.94	$ 60,306.000 Millions	$ 3,560.000 Millions
Caravelle International Group	14.27	$ 108.177 Millions	$ 7.583 Millions
J b Hunt Transport Services Inc	11.83	$ 12,244.558 Millions	$ 1,035.417 Millions
Pangaea Logistics Solutions Ltd	11.72	$ 513.749 Millions	$ 43.845 Millions
Union Pacific Corp	11.58	$ 24,288.000 Millions	$ 2,097.250 Millions
Air T Inc	10.96	$ 284.090 Millions	$ 25.932 Millions
Csx Corporation	10.42	$ 14,681.000 Millions	$ 1,409.000 Millions
Old Dominion Freight Line Inc	10.37	$ 5,924.531 Millions	$ 571.235 Millions
Heartland Express Inc	10.30	$ 1,080.282 Millions	$ 104.901 Millions
Norfolk Southern Corp	10.07	$ 12,172.000 Millions	$ 1,209.000 Millions

Date modified: 2026-09-02T16:53:39+00:00

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