Hub Group Inc (HUBG)

Number of days of payables

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
Payables turnover 2.97 2.69 2.51 2.54 2.30 5.16 9.63 11.75 14.12 11.95 10.86 10.23 9.40 10.62 11.01 10.91 11.88 10.83 12.86 12.71
Number of days of payables days 122.74 135.47 145.32 143.87 158.90 70.72 37.90 31.06 25.86 30.53 33.61 35.68 38.83 34.38 33.16 33.46 30.72 33.69 28.38 28.71

December 31, 2024 calculation

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

The number of days of payables of Hub Group Inc has shown some fluctuations over the past few years, indicating changes in the company's payment practices to its suppliers. The trend reveals that the company's payables turnover has varied significantly, from a low of 25.86 days on December 31, 2022, to a high of 158.90 days on December 31, 2023.

The average number of days of payables over the period appears to be around 60 days, considering the fluctuations in the data points. Notably, there have been instances where the payables stretched for a longer duration, particularly in the latter part of 2023 and early 2024, with figures reaching as high as 158.90 days on December 31, 2023.

Such prolonged payable periods may have various implications for the company, impacting its working capital management, cash flow, and relationships with suppliers. It is important for Hub Group Inc to monitor and manage its payables effectively to ensure timely payments while optimizing its cash resources for other operational needs.

Overall, the analysis of the number of days of payables for Hub Group Inc indicates a varying payment behavior that can provide insights into the company's liquidity management and vendor relations.