Heartland Express Inc (HTLD)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		—	57.98	45.35	52.42	45.03
DOH	days	—	6.30	8.05	6.96	8.11

December 31, 2023 calculation

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

As the data for days of inventory on hand (DOH) for Heartland Express, Inc. is not provided in the table, we are unable to calculate or analyze the trend of this specific ratio over the past five years. DOH is a measure of how many days it takes for a company to sell its entire inventory, indicating the efficiency of inventory management. A lower DOH value typically suggests more efficient inventory turnover, while a higher value may indicate slow-moving or excess inventory.

In the absence of the specific numerical values for DOH, further insight into Heartland Express, Inc.'s inventory management efficiency cannot be provided at this time. Monitoring changes in DOH over multiple periods can offer valuable information on the company's ability to efficiently manage its inventory levels and meet customer demand.