JB Hunt Transport Services Inc (JBHT)

Number of days of payables

		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
Payables turnover		7.40	6.83	7.33	7.65	7.00	6.29	5.57	5.31	5.57	5.45	5.76	5.77	6.19	5.95	6.99	7.29	5.92	5.35	5.34	5.54
Number of days of payables	days	49.34	53.41	49.80	47.73	52.17	58.01	65.54	68.76	65.53	67.03	63.37	63.21	59.00	61.35	52.22	50.04	61.62	68.29	68.36	65.86

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.40
= 49.34

To analyze J.B. Hunt Transport Services, Inc.'s number of days of payables, we can see a fluctuating trend over the past eight quarters. In Q4 2023, the number of days of payables was 358.14 days, showing a slight decrease from Q3 2023's 370.00 days. This reduction in the number of days indicates that the company took fewer days to pay its suppliers in the most recent quarter.

Comparing Q4 2023 to the same quarter in the previous year, there has been a notable improvement as the number of days of payables decreased from 312.92 days in Q4 2022, suggesting a more efficient management of payables over this time period.

Looking at the trend over the past few quarters, the number of days of payables peaked in Q1 2022 at 514.00 days and has since shown a downward trajectory, demonstrating a positive trend in managing payables efficiently.

Overall, the trend in J.B. Hunt Transport Services, Inc.'s number of days of payables indicates a recent improvement in managing payment timelines to suppliers, which could positively impact the company's working capital management and cash flow efficiency.