Hub Group Inc (HUBG)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,197,040 | 5,358,280 | 4,244,580 | 3,485,460 | 3,658,380 |
| Receivables | US$ in thousands | 568,855 | 681,557 | 684,434 | 511,940 | 446,776 |
| Receivables turnover | 7.38 | 7.86 | 6.20 | 6.81 | 8.19 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,197,040K ÷ $568,855K
= 7.38
The receivables turnover of Hub Group, Inc. has shown fluctuations over the past five years. The ratio decreased from 8.21 in 2019 to 6.96 in 2023, indicating a longer period taken to collect receivables in the most recent year. This may suggest potential issues with the company's credit policies or collection processes. However, the ratio improved to 7.42 in 2022 before declining again in 2023. Overall, Hub Group's receivables turnover has been relatively stable around the 6 to 7 range, with variations in efficiency in collecting receivables over the years. It is important for the company to monitor and manage its receivables effectively to ensure timely cash inflows and maintain healthy liquidity.
Peer comparison
Dec 31, 2023