Hub Group Inc (HUBG)

Number of days of payables

		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
Payables turnover		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	13.67	20.08	15.62	15.52
Number of days of payables	days	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	26.71	18.18	23.36	23.52

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.30
= 158.90

To analyze Hub Group, Inc.'s number of days of payables, we will focus on the trend and fluctuations in the data over the past eight quarters.

The number of days of payables for Hub Group, Inc. has varied in the range of 28.98 to 42.22 days during the given period. The trend indicates that the number of days of payables decreased from Q4 2022 to Q2 2023, reaching a low of 28.98 days in Q2 2023. However, there was a slight increase in Q3 2023, followed by a further increase in Q4 2023 to 42.22 days.

Overall, the number of days of payables has shown some volatility over the quarters, with fluctuations in the payment terms to suppliers. It is essential to monitor this ratio continuously to assess the efficiency of payments and manage the company's working capital effectively.