Heartland Express Inc (HTLD)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	848,147	849,967	826,663	756,648	653,987	508,478	436,697	414,058	415,391	422,272	422,984	423,473	431,415	444,971	441,189	429,267	408,982	387,658	386,402	399,288
Inventory	US$ in thousands	—	11,884	11,440	10,862	11,293	10,103	8,570	10,043	9,168	9,272	8,768	8,758	8,241	8,245	7,893	8,100	9,107	10,441	9,217	10,521
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

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $848,147K ÷ $—K
= —

As the data for inventory turnover for Heartland Express, Inc. is not provided in the table, it is not possible to calculate or analyze the inventory turnover ratio for the company over the specified periods. Inventory turnover is a crucial financial ratio that measures how efficiently a company manages its inventory. A high inventory turnover ratio indicates that the company is selling its inventory quickly and efficiently, while a low ratio may suggest overstocking or slow-moving inventory. Without the specific data for inventory turnover, a detailed analysis of Heartland Express, Inc.'s inventory management efficiency cannot be conducted at this time.