JB Hunt Transport Services Inc (JBHT)

Inventory turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Cost of revenue (ttm) US$ in thousands 10,416,370 10,787,040 10,880,450 10,839,080 10,859,450 10,900,710 11,459,180 12,066,760 12,341,480 12,262,190 11,730,670 11,014,730 10,298,490 9,689,500 9,143,730 8,468,000 8,186,700 7,901,370 7,756,150 7,825,560
Inventory US$ in thousands 41,662 — — — 42,186 0 0 0 40,602 — — -1,400 25,032 0 0 — 23,804 0 0 21,106
Inventory turnover 250.02 — — — 257.42 — — — 303.96 — — — 411.41 — — — 343.92 — — 370.77

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $10,416,370K ÷ $41,662K
= 250.02

JB Hunt Transport Services Inc's inventory turnover ratio has shown variability over the years. The company achieved a high inventory turnover of 370.77 for the period ending March 31, 2020. However, the data for subsequent quarters in 2020 and 2021 is not available, indicating potential fluctuations in the company's inventory management during that time.

In the following years, the inventory turnover ratio increased to 411.41 by December 31, 2021, reflecting a more efficient management of inventory. Subsequently, there was a decrease in the inventory turnover ratio to 303.96 by December 31, 2022, showing a potential slowdown in sales relative to inventory levels.

The inventory turnover ratio further decreased to 257.42 by December 31, 2023, indicating a longer period for inventory to be sold. By the end of December 31, 2024, the ratio slightly improved to 250.02, but it remained lower compared to the previous years.

Overall, JB Hunt Transport Services Inc's inventory turnover ratio has exhibited fluctuations, suggesting changes in inventory management efficiency and sales performance throughout the reported periods. Monitoring this ratio over time can provide insights into the company's operational effectiveness and financial performance.