Hub Group Inc (HUBG)

Number of days of payables

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Payables turnover 2.97 2.30 14.13 9.40 11.88
Number of days of payables days 122.74 158.50 25.83 38.83 30.72

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.97
= 122.74

Based on the provided data, the number of days of payables for Hub Group Inc has shown fluctuations over the years.

- As of December 31, 2020, the company took approximately 30.72 days to pay its payables.
- By December 31, 2021, this number increased to about 38.83 days, indicating a slight extension in payment terms.
- However, by December 31, 2022, the number decreased significantly to around 25.83 days, suggesting a more efficient management of payables.
- There was a notable spike in the number of days of payables by December 31, 2023, reaching 158.50 days, signaling a possible liquidity issue or a change in payment practices.
- The following year, as of December 31, 2024, the number decreased to 122.74 days, but remained relatively high compared to previous years.

Overall, the trend in the number of days of payables for Hub Group Inc reflects variations in the company's payment practices and liquidity management over the years. A longer number of days of payables may indicate a more relaxed approach towards settling obligations, while a shorter number may demonstrate more prompt payments or tighter cash flow management. It would be important to further investigate the reasons behind these fluctuations to assess their impact on the company's financial health and operations.