Heartland Express Inc (HTLD)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	604,980	1,062,180	566,068	492,642	512,765
Inventory	US$ in thousands	—	332	11,293	9,168	8,241
Inventory turnover		—	3,199.34	50.13	53.73	62.22

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $604,980K ÷ $—K
= —

Based on the data provided for Heartland Express Inc's inventory turnover, it shows a fluctuating trend over the years. The inventory turnover ratio, a measure of how efficiently the company manages its inventory, was 62.22 in 2020, which indicates that the company turned over its inventory 62.22 times during the year.

In 2021, the ratio decreased to 53.73, implying a slight decrease in the efficiency of inventory management. Subsequently, in 2022, the ratio further declined to 50.13, suggesting a continued decrease in the rate of inventory turnover.

However, there was a significant anomaly in 2023, where the inventory turnover ratio spiked to an exceptionally high 3,199.34. Such an extremely high ratio may be attributed to unique circumstances or data inconsistencies.

In the most recent year reported, 2024, the data shows a dash ("—"), indicating the absence of a specific figure for inventory turnover. This could be due to various reasons such as data unavailability or reporting changes.

Overall, analyzing the trend of inventory turnover for Heartland Express Inc, the fluctuations in the ratio over the years reflect potential changes in inventory management efficiency. Further insight and contextual information would be needed to provide a more accurate interpretation of the company's inventory turnover performance.