Navios Maritime Holdings Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the second quarter 2023 to a ratio of 7.96, above the company average. This is a clear sign of healthy business climate in the Marine Transportation industry and improving liquidity at their respective customers, during the second quarter 2023. Average receivable collection period, for the Navios Maritime Holdings Inc in Jun 30 2023 quarter, has decreased to 46 days, compared to 58 days, in the Dec 31 2022 quarter.

If we take a look into Transportation sector 90 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Jun 30 2023 from 3006 to 3488.

What is Receivable Turnover Ratio?
What is Navios Maritime Holdings Inc Selling?

What is Receivable Turnover Ratio?

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NM Receivables Turnover Ratio	(Jun 30 2023) II. Quarter	(Dec 31 2022) IV. Quarter	0 III. Quarter	0 II. Quarter	0 I. Quarter
Y / Y Receivable Change	-8.71 %	-13.34 %	-26.01 %	-0.83 %	-26.01 %
Y / Y Revenue Change	-	-56.4 %	-	-51.83 %	-
Receivable Turnover Ratio (TTM)	7.96	6.24	12.16	11.31	12.56
NM's Total Ranking	# 3488	# 3006	# 0	# 2962	#
Accounts Receivable average collection period days	46	59	30	32	29
Seq. Receivable Change	-8.71 %	0 %	-32.36 %	47.84 %	-13.34 %
Seq. Revenue Change	-67.93 %	-	-	-	-

Receivable Turnover Company Ranking
Within:	No.
Marine Transportation Industry	# 27
Transportation Sector	# 91
Overall Market	# 3488

Receivable Turnover Ratio Statistics
High	Average	Low
0.28	0.18	0.11
(Dec 31 2022)

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

Financial Statements
Navios Maritime Holdings Inc 's Accounts Receivable	$ 42 Millions	Visit NM's Balance sheet
Navios Maritime Holdings Inc 's Sales TTM	$ 406 Millions	Visit NM's Income Statement
Sources of NM's Revenues		Visit NM'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
NM'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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NM's Growth Rates	NM's Roa	NM's Inventory Turnover Ratio	NM's Dividend Comparisons
NM's Profitability Ratios	NM's Roi	NM's Asset Turnover Ratio	NM's Dividend Growth
NM's Valuation Ratios	NM's Roe	NM's Financial Strength Ratios	NM's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Jun 30 2023, within Transportation Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Jun 30 2023	Receivable at quarter ending Jun 30 2023
American Airlines Group Inc	25.83	$ 52,894.000 Millions	$ 2,047.750 Millions
United Airlines Holdings Inc	25.09	$ 50,884.000 Millions	$ 2,028.250 Millions
Singularity Future Technology Ltd	24.91	$ 4.539 Millions	$ 0.182 Millions
Southwest Airlines Co	20.78	$ 25,135.000 Millions	$ 1,209.750 Millions
Genco Shipping and Trading Limited	20.46	$ 447.890 Millions	$ 21.896 Millions
Ftai Infrastructure Inc	18.22	$ 276.901 Millions	$ 15.202 Millions
Delta Air Lines Inc	17.67	$ 55,747.000 Millions	$ 3,154.750 Millions
Eagle Bulk Shipping Inc	17.53	$ 543.358 Millions	$ 30.995 Millions
Patriot Transportation Holding Inc	16.37	$ 93.450 Millions	$ 5.710 Millions
Wheels Up Experience Inc	14.01	$ 1,515.487 Millions	$ 108.187 Millions
Pangaea Logistics Solutions Ltd	13.88	$ 539.087 Millions	$ 38.840 Millions
Union Pacific Corp	12.82	$ 24,765.000 Millions	$ 1,931.000 Millions
J b Hunt Transport Services Inc	11.72	$ 13,850.090 Millions	$ 1,181.515 Millions
Norfolk Southern Corp	11.14	$ 12,692.000 Millions	$ 1,139.500 Millions
Csx Corporation	10.96	$ 15,030.000 Millions	$ 1,371.000 Millions
Unique Logistics International Inc	10.75	$ 530.210 Millions	$ 49.327 Millions
Air T Inc	10.56	$ 267.892 Millions	$ 25.369 Millions
Marten Transport Ltd	10.42	$ 1,230.727 Millions	$ 118.074 Millions
Old Dominion Freight Line Inc	10.27	$ 5,950.674 Millions	$ 579.319 Millions
Arcbest Corporation	9.40	$ 4,805.607 Millions	$ 511.149 Millions
Schneider National Inc	9.34	$ 6,012.200 Millions	$ 644.025 Millions
Heartland Express Inc	9.32	$ 1,265.985 Millions	$ 135.878 Millions
Westinghouse Air Brake Technologies Corporation	9.10	$ 8,988.000 Millions	$ 987.500 Millions
Saia Inc	8.98	$ 2,740.444 Millions	$ 305.092 Millions
Forward Air Corporation	8.95	$ 1,820.471 Millions	$ 203.328 Millions
Covenant Logistics Group Inc	8.87	$ 1,148.763 Millions	$ 129.496 Millions
Canadian Pacific Kansas City Ltd	8.44	$ 7,624.328 Millions	$ 903.530 Millions
Air Transport Services Group Inc	8.34	$ 2,080.375 Millions	$ 249.401 Millions
Knight swift Transportation Holdings Inc	8.28	$ 6,830.373 Millions	$ 824.742 Millions
Fedex Corporation	8.23	$ 90,155.000 Millions	$ 10,956.750 Millions

Date modified: 2026-10-15T05:23:35+00:00

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