JB Hunt Transport Services Inc (JBHT)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,454,520 | 5,588,190 | 4,304,320 | 3,634,610 | 3,569,510 |
| Inventory | US$ in thousands | 42,186 | 40,602 | 25,032 | 23,804 | 21,106 |
| Inventory turnover | 129.30 | 137.63 | 171.95 | 152.69 | 169.12 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $5,454,520K ÷ $42,186K
= 129.30
The inventory turnover ratio for J.B. Hunt Transport Services, Inc. has been relatively high and consistent over the past five years, ranging from 17.81 in 2023 to 22.95 in 2022. This suggests that the company is efficiently managing its inventory by selling and replacing it multiple times within a given period.
The sudden decrease in inventory turnover to 0.00 in 2020 and 2019 may indicate potential issues such as overstocking, slow-moving inventory, or disruptions in the supply chain. This could impact the company's cash flow and profitability if not addressed promptly.
Overall, J.B. Hunt Transport Services, Inc. has demonstrated strong inventory management practices in recent years, but the significant drop in inventory turnover in 2020 and 2019 warrants further investigation to ensure continued operational efficiency.
Peer comparison
Dec 31, 2023