Heartland Express Inc (HTLD)

Days of inventory on hand (DOH)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		—	71.52	72.26	69.66	57.91	50.33	50.96	41.23	45.31	45.54	48.24	48.35	52.35	53.97	55.90	53.00	44.91	37.13	41.92	37.95
DOH	days	—	5.10	5.05	5.24	6.30	7.25	7.16	8.85	8.06	8.01	7.57	7.55	6.97	6.76	6.53	6.89	8.13	9.83	8.71	9.62

December 31, 2023 calculation

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

The data provided does not include specific values for the days of inventory on hand (DOH) for Heartland Express, Inc. over the various quarters from Q1 2022 to Q4 2023. Without this specific information, it is not possible to analyze the trend or changes in the company's inventory management efficiency over time. To perform a comprehensive analysis of the DOH ratio and its impact on the company's operations and financial performance, it would be essential to have the actual values for each quarter. Analyzing DOH helps in understanding how long, on average, inventory is held before being sold, which in turn impacts working capital, inventory management effectiveness, and potential obsolescence risks.