Hub Group Inc (HUBG)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	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	3,660,550	3,778,159	3,798,353	4,056,790
Receivables	US$ in thousands	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	446,776	438,497	424,421	447,846
Receivables turnover		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	8.19	8.62	8.95	9.06

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,195,418K ÷ $568,855K
= 7.38

The receivables turnover of Hub Group, Inc. has shown a fluctuating trend over the past eight quarters. The ratio ranged from 5.99 to 7.84 during these periods. The highest turnover ratio was observed in Q2 2023 at 7.84, indicating that, on average, the company collected its accounts receivable almost 8 times during that quarter. This suggests that Hub Group, Inc. has been efficient in converting its accounts receivable into cash during that period. However, the ratio dipped to its lowest point of 5.99 in Q1 2022, suggesting some inefficiency in collecting receivables during that quarter.

Overall, the fluctuations in the receivables turnover ratios imply that the company's accounts receivable management may have been somewhat inconsistent. It would be essential for Hub Group, Inc. to analyze the reasons behind these fluctuations and implement strategies to maintain a more stable and efficient collection process.