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 92 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio remained unchanged relative to the previous period at no. 3006.

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 %	-18.33 %	-26.01 %	-0.83 %	-26.01 %
Y / Y Revenue Change	-	-56.4 %	-	-51.83 %	-
Receivable Turnover Ratio (TTM)	7.96	6.24	11.98	11.15	12.39
NM's Total Ranking	# 3006	# 3006	# 0	# 2962	#
Accounts Receivable average collection period days	46	59	30	33	29
Seq. Receivable Change	-8.71 %	0 %	-32.36 %	47.84 %	-18.33 %
Seq. Revenue Change	-67.93 %	-	-	-	-

Receivable Turnover Company Ranking
Within:	No.
Marine Transportation Industry	# 39
Transportation Sector	# 93
Overall Market	# 3006

Receivable Turnover Ratio Statistics
High	Average	Low
9.32	5.98	4.11
(Dec 31 2021)		(Dec 31 2018)

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 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
Polaris Inc	25.05	$ 8,965.700 Millions	$ 357.875 Millions
Spirit Aviation Holdings Inc	24.87	$ 5,516.735 Millions	$ 221.861 Millions
Saker Aviation Services Inc	21.81	$ 8.181 Millions	$ 0.375 Millions
Southwest Airlines Co	20.78	$ 25,135.000 Millions	$ 1,209.750 Millions
Hawaiian Holdings inc	20.62	$ 2,791.719 Millions	$ 135.385 Millions
Freightcar America Inc	20.47	$ 384.327 Millions	$ 18.777 Millions
Genco Shipping and Trading Limited	20.46	$ 447.890 Millions	$ 21.896 Millions
Octave Specialty Group Inc	20.44	$ 465.232 Millions	$ 22.765 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
Pangaea Logistics Solutions Ltd	13.88	$ 539.087 Millions	$ 38.840 Millions
Wheels Up Experience Inc	13.44	$ 1,515.487 Millions	$ 112.766 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
Old Dominion Freight Line Inc	9.89	$ 5,950.674 Millions	$ 601.887 Millions
Air T Inc	9.80	$ 267.892 Millions	$ 27.340 Millions
Marten Transport Ltd	9.80	$ 1,230.727 Millions	$ 125.648 Millions
Heartland Express Inc	9.13	$ 1,265.985 Millions	$ 138.645 Millions
Westinghouse Air Brake Technologies Corporation	9.10	$ 8,988.000 Millions	$ 987.500 Millions
Arcbest Corporation	8.93	$ 4,805.607 Millions	$ 538.400 Millions
Schneider National Inc	8.91	$ 6,012.200 Millions	$ 674.500 Millions
Singularity Future Technology Ltd	8.82	$ 4.539 Millions	$ 0.515 Millions
Saia Inc	8.81	$ 2,740.444 Millions	$ 310.952 Millions
Covenant Logistics Group Inc	8.79	$ 1,148.763 Millions	$ 130.706 Millions

Date modified: 2026-08-31T08:04:34+00:00

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