Heartland Express Inc (HTLD)

Days of sales outstanding (DSO)

		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
Receivables turnover		10.70	9.95	10.34	9.10	6.77	4.67	6.69	9.84	10.67	10.50	10.53	10.42	11.61	10.50	10.02	9.45	10.46	9.51	10.81	11.14
DSO	days	34.13	36.68	35.29	40.13	53.91	78.18	54.60	37.08	34.20	34.75	34.65	35.01	31.44	34.76	36.44	38.62	34.91	38.39	33.76	32.76

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 10.70
= 34.13

The days of sales outstanding (DSO) for Heartland Express, Inc. have shown a downward trend over the past few quarters. In Q4 2023, the DSO decreased to 34.13 days from 36.68 days in the previous quarter, indicating that the company is collecting its accounts receivable more efficiently. This is a positive sign as a lower DSO suggests that the company is able to convert its credit sales into cash more quickly.

Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), there has been a significant improvement in DSO from 53.90 days to 34.13 days. This indicates that Heartland Express, Inc. has been successful in managing its accounts receivable and collecting payments from customers in a timelier manner.

Overall, the downward trend in DSO and the improvement in collection efficiency suggest that Heartland Express, Inc. is effectively managing its accounts receivable, which can have a positive impact on the company's cash flow and overall financial health.