Heartland Express Inc (HTLD)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Inventory turnover		—	—	—	—	—	89.89	85.08	69.02	50.13	43.36	44.52	45.84	53.74	53.58	57.21	57.53	62.22	64.64	66.95	63.32
DOH	days	—	—	—	—	—	4.06	4.29	5.29	7.28	8.42	8.20	7.96	6.79	6.81	6.38	6.34	5.87	5.65	5.45	5.76

December 31, 2024 calculation

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

Heartland Express Inc's days of inventory on hand (DOH) measures the average number of days it takes for the company to sell its inventory. Looking at the historical trend, it is noted that the DOH has fluctuated over the years.

From March 31, 2020, to June 30, 2022, the DOH generally increased from 5.76 days to 8.20 days, indicating that the company held its inventory for a longer period. This could suggest potential inefficiencies in inventory management, leading to higher carrying costs and possible obsolescence risks.

However, there was a noticeable decrease in DOH from March 31, 2023, to September 30, 2023, where the metric dropped from 5.29 days to 4.06 days. This reduction may indicate improvements in inventory turnover efficiency during this period.

The absence of data from December 31, 2023, onwards limits a complete assessment of the latest trends. It is essential for the company to continue monitoring its DOH to ensure optimal inventory management, balancing the need to meet customer demand while minimizing excess inventory holding costs.