JB Hunt Transport Services Inc (JBHT)

Days of inventory on hand (DOH)

		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
Inventory turnover		129.30	—	—	—	137.64	—	—	—	171.95	—	—	—	152.69	—	—	171.99	169.12	—	—	—
DOH	days	2.82	—	—	—	2.65	—	—	—	2.12	—	—	—	2.39	—	—	2.12	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. in Q4 2023 was 20.49 days, representing an increase from 15.91 days in Q4 2022. The lack of data for the previous quarters of 2023 prevents a trend analysis. However, a higher DOH value indicates that the company is holding inventory for a longer period before it is sold, which may tie up working capital and impact liquidity. Further investigation into the reasons for the increase in DOH is recommended to assess its implications on the company's operational efficiency and inventory management practices.