Hub Group Inc (HUBG)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	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	3,515,697	3,623,929	3,646,390	3,913,088
Inventory	US$ in thousands	—	19,095	15,258	9,382	16,987	—	0	—	2,191	87	1,731	985	1,336	1,780	708	673	630	5,238	1,038	169
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

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $802,554K ÷ $—K
= —

Based on the data provided, it appears that the inventory turnover ratio for Hub Group, Inc. is not available for the periods listed. Without this specific data, it is not possible to assess how efficiently the company is managing its inventory levels and converting them into sales during those periods. Ideally, a higher inventory turnover ratio indicates that a company is selling its inventory quickly, which is generally a positive sign of efficient operations. Conversely, a low inventory turnover ratio may suggest issues such as overstocking or slow-moving inventory. Without the actual figures, further analysis and comparison to industry benchmarks or historical performance are not possible.