Hub Group Inc (HUBG)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	3,944,208	3,952,977	3,987,385	4,038,240	4,195,418	4,499,370	4,831,330	5,194,040	5,341,940	5,319,660	5,039,710	4,619,111	4,237,513	3,925,073	3,774,338	3,571,114	3,487,825	3,435,776	3,423,820	3,566,056
Receivables	US$ in thousands	554,816	576,352	583,759	588,957	568,855	636,384	616,775	701,089	681,557	784,770	797,718	769,732	684,434	617,492	537,481	510,741	511,940	552,675	449,147	456,315
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

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,944,208K ÷ $554,816K
= 7.11

The receivables turnover ratio for Hub Group Inc has fluctuated over the past few years. It ranged from a low of 6.00 on March 31, 2022, to a high of 7.84 on December 31, 2022. This ratio measures how efficiently the company is able to collect outstanding receivables during a specific period. A higher turnover ratio indicates that the company is collecting its accounts receivable more quickly.

The decrease in receivables turnover from March 2023 to June 2023 may suggest that the company took longer to collect its receivables during that period. However, the ratio improved again in the later quarters of 2023 and into 2024, reaching levels similar to those seen in previous years.

Overall, Hub Group Inc's receivables turnover ratio has shown some variability but has generally remained within a moderate range, indicating that the company is efficiently managing its accounts receivable and collecting payments in a timely manner.