Heartland Express Inc (HTLD)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		—	3,199.34	50.13	53.73	62.22
DOH	days	—	0.11	7.28	6.79	5.87

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The Days of Inventory on Hand (DOH) is a metric used to evaluate the efficiency of a company's inventory management by calculating the number of days it takes for a company to sell its entire inventory.

For Heartland Express Inc, the trend in DOH over the years shows a fluctuation in inventory management performance:

- As of December 31, 2020, Heartland Express Inc had 5.87 days of inventory on hand, indicating a relatively efficient inventory turnover.
- By December 31, 2021, the DOH increased to 6.79 days, suggesting a slight decrease in inventory efficiency compared to the previous year.
- The trend continued with a higher DOH of 7.28 days as of December 31, 2022, indicating a further slowdown in inventory turnover.
- Interestingly, by December 31, 2023, the DOH dropped significantly to 0.11 days, which may suggest a possible anomaly or a significant improvement in inventory management efficiency.
- Finally, as of December 31, 2024, the data is marked as "— days," which could indicate missing or incomplete information for that period.

The fluctuation in DOH for Heartland Express Inc over the years may suggest varying levels of inventory management effectiveness, potentially impacted by factors such as demand fluctuations, supply chain disruptions, or changes in inventory purchasing and selling practices. It would be important for the company to analyze the reasons behind these fluctuations and work towards maintaining optimal inventory levels to support operational efficiency and profitability.