Hub Group Inc (HUBG)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	832,632	824,028	817,734	814,195	802,554	1,782,831	2,821,787	3,881,641	4,866,280	4,823,370	4,600,930	4,281,482	3,993,924	3,776,662	3,652,327	3,466,220	3,389,818	3,330,077	3,315,211	3,437,388
Inventory	US$ in thousands	—	—	-32,701	—	—	19,095	15,258	9,382	16,987	—	0	—	2,191	87	1,731	985	1,336	1,780	708	673
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

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $832,632K ÷ $—K
= —

The inventory turnover of Hub Group Inc has fluctuated significantly over the years based on the provided data. In March 2020, the company had a very high inventory turnover of 5,107.56, indicating that its inventory was sold and replaced over 5,000 times during that period. This could suggest efficient inventory management or high demand for its products.

Subsequently, the inventory turnover decreased to 4,682.50 in June 2020, 1,870.83 in September 2020, and 2,537.29 in December 2020. These decreasing trends may indicate potential challenges in sales or inventory management during those specific quarters.

In March 2021, the inventory turnover increased to 3,519.01, showing improvement in inventory management or sales performance. However, in June 2021, the turnover dropped to 2,109.95, which might raise concerns about potential inventory build-up.

The most notable observation is in September 2021, where the inventory turnover spiked to 43,409.91, suggesting a unique event such as a large sale, inventory reduction strategy, or data anomaly. This significant fluctuation may require further investigation for accurate interpretation.

Subsequently, the inventory turnover dropped to 1,822.88 in December 2021, and further declined to 286.47 in December 2022, indicating potential challenges in managing inventory levels and sales performance during those periods.

In summary, the inventory turnover of Hub Group Inc has shown considerable variability, reflecting potential fluctuations in sales, inventory management practices, and market dynamics. Further analysis and consideration of the context surrounding the data points would be necessary to derive actionable insights or trends.