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Torm Plc Accounts Receivables Turnover Ratio from the forth quarter 2023 to the forth quarter 2022
Quarterly Results, Trends, Rankings, Statistics
Torm Plc's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the forth quarter 2023 to a ratio of 7.21, 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 forth quarter 2023. Average receivable collection period, for the Torm Plc in Dec 31 2023 quarter, has decreased to 51 days, compared to 56 days, in the 0 quarter.
If we take a look into Transportation sector 55 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Dec 31 2023 from 0 to 2097.
What is Receivable Turnover Ratio?
What is Torm Plc Selling?
What is Receivable Turnover Ratio?
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Select the Comparisons :
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Select the Ratio:
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Accounts Receivables Turnover▼
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Accounts Receivables Turnover▼
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| TRMD 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 |
-18.68 % |
-18.68 % |
-18.68 % |
-18.68 % |
209.02 % |
| Y / Y Revenue Change |
5.34 % |
- |
- |
- |
132.97 % |
| Receivable Turnover Ratio (TTM) |
7.21 |
6.47 |
6.14 |
5.83 |
5.56 |
| TRMD's Total
Ranking |
# 2097 |
# 0 |
# 0 |
# 0 |
# 2146 |
| Accounts Receivable average collection period days |
51 |
56 |
59 |
63 |
66 |
| Seq. Receivable Change |
0 % |
0 % |
0 % |
-18.68 % |
0 % |
| Seq. Revenue Change |
- |
- |
- |
- |
- |
| Receivable Turnover Ratio Statistics |
| High |
Average |
Low |
| 0.55 |
0.42 |
0.27 |
| (Dec 31 2022) |
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(Dec 31 2021) |
| 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 | | Latam Airlines Group S a | 19.63 | $ 11,640.541 Millions | $ 592.880 Millions | | Copa Holdings S a | 19.61 | $ 3,457.004 Millions | $ 176.295 Millions | | Delta Air Lines Inc | 18.30 | $ 58,048.000 Millions | $ 3,172.500 Millions | | Sfl Corporation Ltd | 16.82 | $ 752.286 Millions | $ 44.722 Millions | | Wheels Up Experience Inc | 16.66 | $ 1,253.317 Millions | $ 75.218 Millions | | Okeanis Eco Tankers Corp | 16.29 | $ 413.097 Millions | $ 25.354 Millions | | Navios Maritime Partners L p | 15.98 | $ 1,306.889 Millions | $ 81.807 Millions | | Gol Intelligent Airlines Inc | 15.36 | $ 3,567.065 Millions | $ 232.258 Millions | | Eagle Bulk Shipping Inc | 13.86 | $ 393.799 Millions | $ 28.407 Millions | | Star Bulk Carriers Corp | 13.83 | $ 949.269 Millions | $ 68.662 Millions | | Performance Shipping Inc | 13.16 | $ 108.938 Millions | $ 8.280 Millions | | Teekay Corporation Ltd | 12.44 | $ 1,464.975 Millions | $ 117.794 Millions | | Union Pacific Corp | 12.39 | $ 24,119.000 Millions | $ 1,947.000 Millions | | Jayud Global Logistics Limited | 12.06 | $ 70.266 Millions | $ 5.829 Millions | | Singularity Future Technology Ltd | 12.04 | $ 3.684 Millions | $ 0.306 Millions | | J b Hunt Transport Services Inc | 11.68 | $ 12,829.665 Millions | $ 1,098.521 Millions | | Pangaea Logistics Solutions Ltd | 11.18 | $ 496.342 Millions | $ 44.413 Millions | | Blade Air Mobility Inc | 11.12 | $ 225.180 Millions | $ 20.258 Millions | | Corporaci n Am rica Airports S a | 11.06 | $ 1,400.038 Millions | $ 126.560 Millions | | Air T Inc | 10.96 | $ 288.530 Millions | $ 26.337 Millions | | Central North Airport Group | 10.81 | $ 854.488 Millions | $ 79.037 Millions | | Csx Corporation | 10.67 | $ 14,657.000 Millions | $ 1,374.000 Millions | | Norfolk Southern Corp | 10.53 | $ 12,156.000 Millions | $ 1,154.000 Millions | | Unique Logistics International Inc | 10.48 | $ 450.329 Millions | $ 42.958 Millions | | Heartland Express Inc | 9.84 | $ 1,207.458 Millions | $ 122.702 Millions | | Toro Corp | 9.74 | $ 78.469 Millions | $ 8.056 Millions | | Old Dominion Freight Line Inc | 9.67 | $ 5,866.152 Millions | $ 606.919 Millions | | Arcbest Corporation | 9.39 | $ 4,427.443 Millions | $ 471.344 Millions | | Zim Integrated Shipping Services Ltd | 9.36 | $ 1,677.400 Millions | $ 179.300 Millions | | Marten Transport Ltd | 9.22 | $ 1,131.455 Millions | $ 122.753 Millions |
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Date modified: 2024-03-08T12:52:29+00:00
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