JB Hunt Transport Services Inc (JBHT)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 250.02 | — | — | — | 257.42 | — | — | — | 303.96 | — | — | — | 411.41 | — | — | — | 343.92 | — | — | 370.77 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 130.05 | — | 37.14 | 30.93 | 42.00 | 68.95 | 37.53 | 51.01 | 24.72 | 22.50 | 33.91 | 27.72 | 21.07 | 18.39 | 10.95 | 10.33 | 13.11 | 14.77 | 16.10 | 19.15 |
Based on the provided data for JB Hunt Transport Services Inc, let's analyze the activity ratios:
1. Inventory Turnover:
- JB Hunt's inventory turnover ratio shows fluctuations over the periods. It was highest at 411.41 on December 31, 2021, and lowest at 250.02 on December 31, 2024. A higher inventory turnover ratio typically indicates efficient inventory management.
2. Receivables Turnover:
- The data does not provide any information on JB Hunt's receivables turnover ratio, which may indicate that the company may not disclose this metric or that receivables turnover is not a significant focus for analysis.
3. Payables Turnover:
- Similarly, there is no data available for JB Hunt's payables turnover ratio, suggesting a lack of information regarding the company's payment practices to suppliers.
4. Working Capital Turnover:
- JB Hunt's working capital turnover ratio fluctuates significantly across the periods, ranging from 10.33 on March 31, 2021, to 130.05 on December 31, 2024. A higher working capital turnover ratio indicates more efficient use of working capital to generate sales.
Overall, based on the available data, it can be observed that JB Hunt Transport Services Inc has shown varying levels of efficiency in managing its inventory and working capital over the analyzed periods. The lack of information on receivables and payables turnover ratios limits a comprehensive assessment of the company's overall activity performance.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 1.46 | — | — | — | 1.42 | — | — | — | 1.20 | — | — | — | 0.89 | — | — | — | 1.06 | — | — | 0.98 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data, we can analyze the activity ratios of JB Hunt Transport Services Inc as follows:
Days of Inventory on Hand (DOH):
- The company's inventory turnover can be calculated using the Days of Inventory on Hand (DOH) ratio.
- The DOH for JB Hunt Transport Services Inc ranged from 0.89 days to 1.46 days over the reported periods.
- A lower DOH indicates that the company is efficiently managing its inventory by quickly converting it into sales.
Days of Sales Outstanding (DSO):
- DSO measures how quickly the company collects its accounts receivable.
- The data provided does not contain any information on DSO, indicating a lack of insight into the company's accounts receivable turnover and collection efficiency.
Number of Days of Payables:
- The Number of Days of Payables ratio helps in understanding how long it takes for the company to pay its suppliers.
- Unfortunately, the provided data does not include any information on the Number of Days of Payables, hence we are unable to assess the company's payment practices and liquidity management related to trade payables.
In summary, based on the available information, we can assess JB Hunt Transport Services Inc's inventory management efficiency using the Days of Inventory on Hand (DOH) ratio. However, the lack of data on Days of Sales Outstanding (DSO) and Number of Days of Payables limits our ability to analyze the company's accounts receivable collection and payment practices.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | 2.30 | 2.53 | 2.80 | 2.83 | 3.11 | 3.14 | 3.08 | 2.99 | 2.96 | 2.89 | 2.73 | 2.61 | 2.54 | 2.55 | 2.59 |
| Total asset turnover | 1.45 | 1.47 | 1.47 | 1.49 | 1.46 | 1.57 | 1.68 | 1.87 | 1.91 | 1.97 | 1.93 | 1.85 | 1.79 | 1.75 | 1.70 | 1.62 | 1.62 | 1.62 | 1.66 | 1.74 |
JB Hunt Transport Services Inc's fixed asset turnover ratio has shown some fluctuations over the past few years, ranging from 2.30 to a high of 3.14. This ratio measures the efficiency with which the company generates sales revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar of fixed assets, which is generally favorable.
On the other hand, JB Hunt Transport Services Inc's total asset turnover ratio has also shown variability, fluctuating between 1.46 and 1.97. This ratio reflects the company's ability to generate sales in relation to its total assets. A higher total asset turnover ratio suggests that the company is utilizing its assets efficiently to generate revenue.
Overall, the trend in both fixed asset turnover and total asset turnover ratios for JB Hunt Transport Services Inc indicates fluctuation but generally shows an improvement in asset efficiency over time, which could be seen as a positive sign for the company's operational performance.