JB Hunt Transport Services Inc (JBHT)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,735,900 | 14,788,200 | 12,116,200 | 9,585,030 | 9,097,520 |
| Receivables | US$ in thousands | 1,334,910 | 1,528,080 | 1,506,620 | 1,124,400 | 1,011,830 |
| Receivables turnover | 9.54 | 9.68 | 8.04 | 8.52 | 8.99 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $12,735,900K ÷ $1,334,910K
= 9.54
The receivables turnover ratio for J.B. Hunt Transport Services, Inc. has shown some fluctuations over the past five years.
In 2023, the company achieved a receivables turnover of 7.59 times, indicating that on average, the company collected its accounts receivable approximately 7.59 times during the year. This is a slight decrease from the previous year's ratio of 7.97.
The trend over the five-year period shows that the receivables turnover ratio has been relatively stable, hovering around the 7 times mark. This consistency suggests that J.B. Hunt Transport Services, Inc. has been efficient in collecting its accounts receivable in a timely manner.
A higher receivables turnover ratio generally indicates a shorter time it takes for the company to collect its outstanding receivables, which can be a positive sign of effective credit policies and efficient collections practices. In contrast, a lower turnover ratio may suggest potential issues with collecting receivables promptly.
Overall, the receivables turnover ratio for J.B. Hunt Transport Services, Inc. reflects efficient management of accounts receivable over the years, although there was a slight decline in 2023 compared to the previous year. Further analysis and comparison with industry standards can provide more insights into the company's performance in this area.
Peer comparison
Dec 31, 2023