Hub Group Inc (HUBG)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		7.38	7.86	6.20	6.81	8.19
DSO	days	49.47	46.43	58.86	53.61	44.58

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.38
= 49.47

The Days of Sales Outstanding (DSO) for Hub Group, Inc. have fluctuated over the past five years. In 2023, the DSO was 52.42 days, showing an increase compared to the previous year. This suggests that, on average, it took the company approximately 52.42 days to collect its accounts receivable in 2023.

In 2022, the DSO was 49.22 days, indicating a decrease from the prior year. However, in 2021, the DSO significantly increased to 60.76 days, reflecting a longer period for accounts receivable collection compared to the year before.

Looking back at 2020 and 2019, the DSO was 54.32 days and 44.46 days, respectively. This indicates a decrease in the DSO in 2019, followed by a slight increase in 2020.

Overall, the trend in the DSO for Hub Group, Inc. has shown some variability, with fluctuations over the past five years. This could imply changes in the company's credit policies, industry dynamics, or effectiveness in managing accounts receivable. Further analysis and comparison with industry benchmarks may provide deeper insights into the company's receivables management efficiency.