Oceanpal Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the fourth quarter 2024 to a ratio of 8.79, 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 fourth quarter 2024. Average receivable collection period, for the Oceanpal Inc in Dec 31 2024 quarter, has decreased to 42 days, compared to 47 days, in the 0 quarter.

If we take a look into Transportation sector 63 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 1609, from overall ranking in the third quarter 2024 at 2674.

What is Receivable Turnover Ratio?
What is Oceanpal Inc Selling?

What is Receivable Turnover Ratio?

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OP Receivables Turnover Ratio	(Dec 31 2024) IV. Quarter	0 III. Quarter	0 II. Quarter	0 I. Quarter	(Dec 31 2023) IV. Quarter
Y / Y Receivable Change	-41.12 %	3.41 %	3.41 %	23.82 %	3.41 %
Y / Y Revenue Change	2.08 %	-	-	-	31.93 %
Receivable Turnover Ratio (TTM)	8.79	7.78	7.84	7.9	8.38
OP's Total Ranking	# 1609	# 2674	# 0	# 0	# 2574
Accounts Receivable average collection period days	42	47	47	46	44
Seq. Receivable Change	-41.12 %	0 %	-18.47 %	22.65 %	3.41 %
Seq. Revenue Change	-	-	-	-	-

Receivable Turnover Company Ranking
Within:	No.
Marine Transportation Industry	# 26
Transportation Sector	# 64
Overall Market	# 1609

Receivable Turnover Ratio Statistics
High	Average	Low
8.14	5.1	1.51
(Dec 31 2024)		(Dec 31 2021)

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

Financial Statements
Oceanpal Inc 's Accounts Receivable	$ 2 Millions	Visit OP's Balance sheet
Oceanpal Inc 's Sales TTM	$ 26 Millions	Visit OP's Income Statement
Sources of OP's Revenues		Visit OP'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
OP'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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OP's Growth Rates	OP's Roa	OP's Inventory Turnover Ratio	OP's Dividend Comparisons
OP's Profitability Ratios	OP's Roi	OP's Asset Turnover Ratio	OP's Dividend Growth
OP's Valuation Ratios	OP's Roe	OP's Financial Strength Ratios	OP's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2024, within Transportation Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Dec 31 2024	Receivable at quarter ending Dec 31 2024
Frontier Group Holdings Inc	36.56	$ 3,775.000 Millions	$ 103.250 Millions
Global Crossing Airlines Group Inc.	35.59	$ 223.751 Millions	$ 6.287 Millions
Skywest Inc	33.39	$ 3,527.920 Millions	$ 105.658 Millions
Allegiant Travel Co	33.19	$ 2,503.652 Millions	$ 75.425 Millions
Saker Aviation Services Inc	31.93	$ 8.692 Millions	$ 0.272 Millions
Diana Shipping Inc	31.83	$ 228.209 Millions	$ 7.170 Millions
Atlas Corp	30.07	$ 2,300.100 Millions	$ 76.500 Millions
Globus Maritime Limited	28.44	$ 34.870 Millions	$ 1.226 Millions
Polaris Inc	28.13	$ 7,174.800 Millions	$ 255.050 Millions
Jetblue Airways Corp	27.95	$ 9,279.000 Millions	$ 332.000 Millions
Sun Country Airlines Holdings Inc	27.71	$ 1,075.739 Millions	$ 38.816 Millions
Tsakos Energy Navigation Limited	27.45	$ 804.061 Millions	$ 29.293 Millions
American Airlines Group Inc	27.23	$ 54,211.000 Millions	$ 1,990.750 Millions
Stealthgas Inc	27.17	$ 167.262 Millions	$ 6.156 Millions
Surf Air Mobility Inc	26.82	$ 119.425 Millions	$ 4.454 Millions
Copa Holdings S a	26.04	$ 3,446.198 Millions	$ 132.341 Millions
United Airlines Holdings Inc	25.82	$ 57,063.000 Millions	$ 2,210.000 Millions
Alaska Air Group Inc	25.76	$ 11,735.000 Millions	$ 455.500 Millions
Sfl Corporation Ltd	24.56	$ 904.404 Millions	$ 36.821 Millions
Spirit Aviation Holdings Inc	23.45	$ 4,913.421 Millions	$ 209.538 Millions
Southwest Airlines Co	22.04	$ 27,483.000 Millions	$ 1,246.750 Millions
Freightcar America Inc	22.01	$ 559.425 Millions	$ 25.420 Millions
Wheels Up Experience Inc	20.96	$ 792.104 Millions	$ 37.790 Millions
Navios Maritime Partners L p	19.05	$ 1,334.066 Millions	$ 70.019 Millions
Genco Shipping and Trading Limited	18.12	$ 423.016 Millions	$ 23.342 Millions
Delta Air Lines Inc	17.20	$ 61,643.000 Millions	$ 3,583.500 Millions
Zto Express cayman Inc	16.51	$ 6,066.234 Millions	$ 367.477 Millions
Star Bulk Carriers Corp	15.95	$ 1,265.458 Millions	$ 79.340 Millions
Frontline Plc	15.79	$ 2,162.506 Millions	$ 136.997 Millions
Performance Shipping Inc	15.05	$ 87.445 Millions	$ 5.810 Millions

Date modified: 2026-09-02T17:49:25+00:00

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