Hub Group Inc (HUBG)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | 286.79 | 1,822.88 | 2,537.29 | 5,580.48 | |
| DOH | days | — | 1.27 | 0.20 | 0.14 | 0.07 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) ratio indicates the average number of days a company holds its inventory before selling it. A lower DOH ratio suggests more efficient inventory management and faster inventory turnover.
Based on the data provided for Hub Group, Inc. for the past five years, where specific values are not available, it is difficult to assess the trend in the DOH ratio. However, investors and analysts should aim to compare the current DOH ratio with industry averages or competitors to evaluate if the company is effectively managing its inventory levels.
If available, more detailed financial information or specific values for the DOH ratio for each year would allow for a more in-depth analysis of Hub Group, Inc.'s inventory management efficiency over time.
Peer comparison
Dec 31, 2023