JB Hunt Transport Services Inc (JBHT)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		9.54	9.68	8.04	8.52	8.99
DSO	days	38.26	37.72	45.39	42.82	40.60

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.54
= 38.26

The Days of Sales Outstanding (DSO) ratio for J.B. Hunt Transport Services, Inc. has shown some fluctuations over the past five years. In 2023, the DSO was 48.08 days, which increased slightly compared to the previous year's 45.80 days. This indicates that on average, it took the company approximately 48 days to collect its accounts receivable in 2023.

Looking back, there was a slight decrease in DSO in 2022 compared to 2021, where it was at its highest level of 51.69 days. The trend in 2021 reflected a longer collection period compared to the previous years. In 2020 and 2019, the DSO was relatively stable at around 49 to 50 days.

Overall, while there have been some fluctuations, the DSO for J.B. Hunt Transport Services, Inc. has largely been within a similar range over the past five years. This ratio is an important indicator of the company's efficiency in collecting its accounts receivable, and any significant deviations from the historical trend may warrant further investigation into the company's credit policies and collection procedures.