Heartland Express Inc (HTLD)
Cash conversion cycle
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | 4.06 | 4.29 | 5.29 | 7.28 | 8.42 | 8.20 | 7.96 | 6.79 | 6.81 | 6.38 | 6.34 | 5.87 | 5.65 | 5.45 | 5.76 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.06 | 4.29 | 5.29 | 7.28 | 8.42 | 8.20 | 7.96 | 6.79 | 6.81 | 6.38 | 6.34 | 5.87 | 5.65 | 5.45 | 5.76 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle of Heartland Express Inc has shown some fluctuations over the years. From March 31, 2020, to September 30, 2021, the cycle remained relatively stable, ranging between 5.45 days and 6.81 days. However, there was an increase noted in the cycle from March 31, 2022, to June 30, 2022, reaching a peak of 8.42 days, indicating a potential delay in converting resources into cash during that period.
The cycle decreased significantly by December 31, 2023, dropping to 0.00 days and continuing at that level until the end of 2024. A cash conversion cycle of 0.00 days typically implies that the company is able to convert its investments in products and services into cash almost immediately, which could suggest efficient management of working capital and strong cash flow management practices during this period.
Overall, the fluctuations in Heartland Express Inc's cash conversion cycle may reflect changes in its operational efficiency, inventory management, and collection policies. It is important for the company to closely monitor and manage its cash conversion cycle to optimize working capital utilization and ensure efficient cash flow management for sustainable growth and profitability.
Peer comparison
Dec 31, 2024