Gol Linhas Aereas Inteligentes (FRA:GOQN) Receivables Turnover : 3.28 (As of Mar. 2024)

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What is Gol Linhas Aereas Inteligentes Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Gol Linhas Aereas Inteligentes's Revenue for the three months ended in Mar. 2024 was €871 Mil. Gol Linhas Aereas Inteligentes's average Accounts Receivable for the three months ended in Mar. 2024 was €266 Mil. Hence, Gol Linhas Aereas Inteligentes's Receivables Turnover for the three months ended in Mar. 2024 was 3.28.

Gol Linhas Aereas Inteligentes Receivables Turnover Historical Data

The historical data trend for Gol Linhas Aereas Inteligentes's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Gol Linhas Aereas Inteligentes Receivables Turnover Chart

Gol Linhas Aereas Inteligentes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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13.14

5.25

9.26

18.68

22.37

Gol Linhas Aereas Inteligentes Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															5.11	4.56	4.94	5.35	3.28

Competitive Comparison of Gol Linhas Aereas Inteligentes's Receivables Turnover

For the Airlines subindustry, Gol Linhas Aereas Inteligentes's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Gol Linhas Aereas Inteligentes's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Gol Linhas Aereas Inteligentes's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Gol Linhas Aereas Inteligentes's Receivables Turnover falls into.

Gol Linhas Aereas Inteligentes Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Gol Linhas Aereas Inteligentes's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	3513.568	/ (	(159.763	+	154.436)	/	2 )
=	3513.568	/	157.0995
=	22.37

Gol Linhas Aereas Inteligentes's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	870.877	/ (	(154.436	+	377.166)	/	2 )
=	870.877	/	265.801
=	3.28

Gol Linhas Aereas Inteligentes (FRA:GOQN) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

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Gol Linhas Aereas Inteligentes (FRA:GOQN) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Gol Linhas Aereas Inteligentes SA (FRA:GOQN) » Definitions » Receivables Turnover

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GOL:USA GOLL4:Brazil

Address

S/N, Portaria 3, Jardim Aeroporto, Praca Comandante Linneu Gomes, Sao Paulo, SP, BRA, 04626-020

Website

https://www.voegol.com.br

Gol Intelligent Airlines Inc is a Brazilian airline company. It operates in two segments, flight transportation which offers air transportation services and the smiles loyalty program segment which includes redemption of miles traveled for purchasing flight tickets. The company's revenue derives from transporting passengers on aircraft. The company operate both domestic and international flights from which the majority of revenues come in from domestic operations.

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