Hub Group Inc (HUBG)

Days of inventory on hand (DOH)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Inventory turnover — — 286.79 1,822.88 2,537.29
DOH days — — 1.27 0.20 0.14

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The days of inventory on hand (DOH) for Hub Group Inc have shown a fluctuating trend over the years. In December 31, 2020, the company had an impressively low DOH of 0.14 days, indicating efficient management of inventory. This increased slightly to 0.20 days by December 31, 2021, but still remained at a very low level.

However, there was a significant jump in DOH to 1.27 days by December 31, 2022. This notable increase suggests a potential buildup of inventory on hand, which could be due to various factors such as changes in demand, supply chain disruptions, or inventory management practices.

The data for December 31, 2023, and December 31, 2024, shows "— days," indicating that inventory information may not be available for these periods. It is crucial for Hub Group Inc to closely monitor its inventory levels and implement strategies to optimize inventory turnover and avoid excess inventory that could tie up capital and increase holding costs. Further analysis and examination of the reasons behind the fluctuations in DOH would be beneficial in identifying areas for improvement in the company's inventory management practices.