Hub Group Inc (HUBG)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 5,580.47 | 691.85 | 3,512.90 | 23,154.37 | |
| 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 | 0.07 | 0.53 | 0.10 | 0.02 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
To analyze Hub Group, Inc.'s days of inventory on hand (DOH) based on the provided data, we would need specific numerical values for each quarter to calculate the DOH ratio. The trend in this ratio over time can provide insights into the efficiency of the company's inventory management.
A decreasing DOH ratio would generally indicate that the company is selling its inventory faster, which could be positive if it is aligned with sales growth. On the other hand, a consistently low DOH ratio could suggest potential stockouts or increased risk of inventory obsolescence.
Conversely, an increasing DOH ratio may indicate slower inventory turnover and potentially excess inventory levels, which could tie up working capital and lead to higher storage costs or markdowns.
Without the specific data for each quarter, it is not possible to conduct a detailed analysis or provide a conclusive interpretation of Hub Group, Inc.'s DOH ratio. It is recommended to obtain the exact numerical values for each reporting period to perform a thorough analysis of the company's inventory management efficiency.
Peer comparison
Dec 31, 2023