Hub Group Inc (HUBG)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 832,631 | 804,566 | 4,871,640 | 3,993,930 | 3,389,820 |
| Inventory | US$ in thousands | — | — | 16,987 | 2,191 | 1,336 |
| Inventory turnover | — | — | 286.79 | 1,822.88 | 2,537.29 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $832,631K ÷ $—K
= —
The inventory turnover ratio for Hub Group Inc has shown a decreasing trend over the years. In December 31, 2020, the ratio stood at a high level of 2,537.29, indicating that the company was efficiently managing its inventory by converting it into sales multiple times within the year. However, by December 31, 2021, the inventory turnover decreased to 1,822.88, suggesting a slight decline in the efficiency of managing inventory.
The trend continued in the following years, with a significant drop in inventory turnover to 286.79 by December 31, 2022. This sharp decrease may indicate potential issues such as overstocking, slow-moving inventory, or inadequate sales.
Furthermore, it is noticed that the data for December 31, 2023, and December 31, 2024, is missing ("—"), which could imply a lack of available information for these periods.
Overall, the declining inventory turnover ratios highlight the importance for Hub Group Inc to closely monitor and improve its inventory management practices to enhance operational efficiency and optimize working capital utilization.
Peer comparison
Dec 31, 2024