JB Hunt Transport Services Inc (JBHT)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		129.30	137.63	171.95	152.69	169.12
DOH	days	2.82	2.65	2.12	2.39	2.16

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 129.30
= 2.82

The days of inventory on hand (DOH) for J.B. Hunt Transport Services, Inc. have shown variability over the past three years. In 2023, the DOH increased to 20.49 days compared to 15.91 days in 2022 and 17.22 days in 2021.

This increase in DOH in 2023 may indicate that J.B. Hunt Transport Services, Inc. is holding inventory for a longer period, which could tie up capital and potentially lead to higher carrying costs. It is important for the company to monitor and manage its inventory levels effectively to optimize working capital and maintain operational efficiency. Further analysis would be required to determine the underlying reasons for this increase in DOH and assess its impact on the company's overall financial performance and liquidity.