Heartland Express Inc (HTLD)
Payables 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 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $848,147K ÷ $—K
= —
Based on the provided data, the payables turnover ratio for Heartland Express, Inc. is not available for each quarter of 2022 and 2023. The payables turnover ratio helps assess how efficiently a company is managing its payments to suppliers by measuring how quickly it pays off its accounts payable. Without this information, it is challenging to evaluate the company's ability to manage its payables effectively over the specified period. For a more thorough analysis of Heartland Express, Inc.'s financial performance, additional data or historical trends in the payables turnover ratio would be necessary.
Peer comparison
Dec 31, 2023