Hub Group Inc (HUBG)

Days of inventory on hand (DOH)

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
Inventory turnover — — — — — 93.37 184.94 413.73 286.47 — — — 1,822.88 43,409.91 2,109.95 3,519.01 2,537.29 1,870.83 4,682.50 5,107.56
DOH days — — — — — 3.91 1.97 0.88 1.27 — — — 0.20 0.01 0.17 0.10 0.14 0.20 0.08 0.07

December 31, 2024 calculation

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

The days of inventory on hand (DOH) is a metric that indicates the average number of days a company holds onto its inventory before selling it. A lower DOH value suggests that the company is efficiently managing its inventory, while a higher value may indicate potential issues such as overstocking or slow-moving inventory.

Analyzing the DOH trend of Hub Group Inc from March 31, 2020, to September 30, 2024, we can observe fluctuations in the metric. Initially, the company maintained very low DOH figures, ranging from 0.01 to 0.20 days, indicating a quick turnover of inventory. However, there was a sharp increase in DOH to 1.27 days by December 31, 2022, suggesting a slower rate of inventory turnover at that point.

Subsequently, the DOH metric continued to increase significantly, reaching 3.91 days by September 30, 2023. This substantial rise in DOH may be a cause for concern as it could imply challenges in managing inventory effectively or disruptions in the supply chain.

As of the latest available data on March 31, 2024, the DOH value remains unspecified, making it challenging to assess the current state of inventory management for Hub Group Inc. Further monitoring of the DOH trend in future periods will be essential to understand if the company is able to optimize its inventory levels and maintain efficient operations.