Hub Group Inc (HUBG)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	804,566	4,871,640	3,993,930	3,389,820	3,515,700
Inventory	US$ in thousands	—	16,987	2,191	1,336	630
Inventory turnover		—	286.79	1,822.88	2,537.29	5,580.48

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $804,566K ÷ $—K
= —

To calculate the inventory turnover ratio for Hub Group, Inc., we need the cost of goods sold (COGS) and the average inventory for each respective year. Without access to this specific data, it is not possible to compute the inventory turnover ratio for the years provided.

The inventory turnover ratio measures how efficiently a company manages its inventory by showing how many times a company has sold and replaced its inventory during a specific period. A higher inventory turnover ratio generally indicates that the company is selling goods quickly and efficiently. Conversely, a lower ratio may suggest slow sales, overstocking, or obsolete inventory.

It is essential for investors and analysts to assess Hub Group, Inc.'s inventory turnover ratio over multiple years to identify any trends or fluctuations. A consistent increase or decrease in the inventory turnover ratio could signal changes in the company's sales strategy, inventory management practices, or market demand. A detailed examination of the inventory turnover ratio alongside other financial metrics can provide deeper insights into Hub Group, Inc.'s operational efficiency and overall financial performance.