Hub Group Inc (HUBG)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,948,950 | 4,197,040 | 5,358,280 | 4,244,580 | 3,485,460 |
| Receivables | US$ in thousands | 554,816 | 568,855 | 681,557 | 684,434 | 511,940 |
| Receivables turnover | 7.12 | 7.38 | 7.86 | 6.20 | 6.81 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,948,950K ÷ $554,816K
= 7.12
To analyze Hub Group Inc's receivables turnover, we can see a trend over the past five years. The receivables turnover ratio measures how efficiently the company is collecting its accounts receivable during a specific period. A higher turnover ratio is generally preferred as it indicates that the company is collecting its outstanding receivables more quickly.
Hub Group Inc's receivables turnover has fluctuated over the years, with the ratio at 6.81 in 2020, decreasing to 6.20 in 2021, then increasing to 7.86 in 2022, followed by a slight dip to 7.38 in 2023, and finally, settling at 7.12 in 2024.
The improvement in the receivables turnover ratio from 2021 to 2022 indicates that the company was able to collect its outstanding receivables more efficiently during that period. However, the slight decrease from 2022 to 2023 suggests a moderation in the collection efficiency. Overall, the company has shown a relatively healthy trend in receivables turnover over the past five years, indicating effective management of accounts receivable.
Peer comparison
Dec 31, 2024