Hub Group Inc (HUBG)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Receivables turnover | 7.11 | 6.86 | 6.83 | 6.86 | 7.38 | 7.07 | 7.83 | 7.41 | 7.84 | 6.78 | 6.32 | 6.00 | 6.19 | 6.36 | 7.02 | 6.99 | 6.81 | 6.22 | 7.62 | 7.81 |
| 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 |
| Working capital turnover | 20.89 | 21.08 | 19.78 | 22.51 | 21.96 | 10.55 | 12.20 | 11.95 | 14.64 | 18.85 | 12.60 | 15.65 | 20.45 | 16.58 | 18.19 | 20.41 | 24.27 | 16.30 | 20.07 | 14.49 |
Hub Group Inc's inventory turnover ratio has been fluctuating over the years, ranging from a high of 43,409.91 in September 2021 to a low of 93.37 in September 2023. This indicates significant variations in how efficiently the company is managing its inventory levels.
In terms of receivables turnover, the company has maintained a relatively stable performance, with the ratio generally staying within the range of 6 to 8. This suggests that Hub Group Inc is collecting its receivables at a consistent pace, with minimal fluctuations in its accounts receivable management.
The payables turnover ratio for Hub Group Inc has shown a declining trend over the years, dropping from 12.71 in March 2020 to 2.97 in December 2024. This indicates that the company is taking longer to pay its suppliers, which may have implications for its relationships with vendors and cash flow management.
When it comes to working capital turnover, the company's ratio has also been fluctuating, reflecting shifts in its ability to generate revenue relative to its working capital levels. The ratio peaked at 24.27 in December 2020, indicating strong revenue generation in relation to working capital, but then decreased to 10.55 in September 2023 before showing some recovery towards the end of 2024.
Overall, Hub Group Inc's activity ratios suggest varying levels of efficiency in managing its inventory, receivables, payables, and working capital over the years, highlighting areas where the company may need to focus on improving its operational effectiveness.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | 3.91 | 1.97 | 0.88 | 1.27 | — | — | — | 0.20 | 0.01 | 0.17 | 0.10 | 0.14 | 0.20 | 0.08 | 0.07 |
| Days of sales outstanding (DSO) | days | 51.34 | 53.22 | 53.44 | 53.23 | 49.49 | 51.63 | 46.60 | 49.27 | 46.57 | 53.85 | 57.77 | 60.82 | 58.95 | 57.42 | 51.98 | 52.20 | 53.57 | 58.71 | 47.88 | 46.71 |
| 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 |
Hub Group Inc's Days of Inventory on Hand (DOH) ratio has shown fluctuation over the past few years, starting at a very low level of 0.07 days on March 31, 2020, peaking at 3.91 days on September 30, 2023, and then decreasing to 1.27 days on December 31, 2022. However, from March 31, 2024, the data is missing for this ratio.
The Days of Sales Outstanding (DSO) ratio indicates the average number of days it takes for the company to collect its accounts receivable. The trend for DSO for Hub Group Inc has been relatively stable, hovering around 50 to 60 days for most of the observed periods, with a slight increase noted on September 30, 2023, before decreasing to 51.34 days on December 31, 2024.
In terms of the Number of Days of Payables ratio, it is notable that Hub Group Inc has been gradually increasing the number of days it takes to pay its suppliers over the years. This ratio started at around 28 days on March 31, 2020, and increased significantly to 158.90 days on December 31, 2023, demonstrating a potential liquidity strain. The payables period slightly decreased in the following periods but remained relatively high compared to the initial values.
Overall, these activity ratios suggest that Hub Group Inc has managed its inventory levels efficiently, collected its receivables in a timely manner, but may be facing challenges in managing its payables effectively, which could impact its cash flow and liquidity position.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 5.33 | 5.33 | 5.25 | 5.20 | 5.30 | 5.70 | 6.17 | 6.69 | 6.82 | 7.04 | 7.07 | 6.70 | 6.22 | 5.93 | 5.97 | 5.56 | 5.20 | 5.38 | 5.26 | 5.34 |
| Total asset turnover | 1.38 | 1.40 | 1.39 | 1.40 | 1.43 | 1.54 | 1.73 | 1.80 | 1.90 | 1.93 | 1.88 | 1.81 | 1.74 | 1.71 | 1.73 | 1.66 | 1.66 | 1.66 | 1.71 | 1.70 |
The Fixed Asset Turnover ratio for Hub Group Inc has shown a generally increasing trend from March 31, 2020, to June 30, 2022, peaking at 7.07. This indicates that the company has been more efficient in generating revenue relative to its fixed assets over this period. However, from September 30, 2022, to December 31, 2024, the ratio experienced a slight decline, stabilizing around 5.30 to 5.33 by the end of 2024.
On the other hand, the Total Asset Turnover ratio fluctuated more significantly over the same period. The ratio increased steadily from March 31, 2020, to June 30, 2022, reaching a peak of 1.88. Subsequently, there was a notable decrease in this ratio, dropping to 1.38 by December 31, 2024. This decrease suggests that the company's ability to generate sales from its total assets has declined towards the end of the period under review.
Overall, the Fixed Asset Turnover ratio indicates that Hub Group Inc has been able to efficiently utilize its fixed assets to generate revenue, despite a slight decline in recent periods. In contrast, the Total Asset Turnover ratio reflects a fluctuating trend, demonstrating varying levels of effectiveness in generating sales with the total assets held by the company.