JB Hunt Transport Services Inc (JBHT)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	12,747,130	13,119,770	13,793,300	14,499,970	14,784,890	14,626,330	13,934,470	13,006,090	12,117,390	11,371,780	10,700,040	9,936,910	9,599,420	9,312,090	9,202,630	9,316,330	9,123,180	8,990,700	8,838,860	8,721,150
Receivables	US$ in thousands	1,334,910	1,369,970	1,286,240	1,382,900	1,528,080	1,726,160	1,776,770	1,745,650	1,506,620	1,442,950	1,293,920	1,219,160	1,124,400	1,121,820	950,636	978,280	1,011,830	1,051,030	1,040,150	1,002,480
Receivables turnover		9.55	9.58	10.72	10.49	9.68	8.47	7.84	7.45	8.04	7.88	8.27	8.15	8.54	8.30	9.68	9.52	9.02	8.55	8.50	8.70

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $12,747,130K ÷ $1,334,910K
= 9.55

J.B. Hunt Transport Services, Inc.'s receivables turnover has shown some fluctuations over the past eight quarters. The company's receivables turnover ratio, a measure of how efficiently the company is collecting its accounts receivable, was highest in Q2 2023 at 10.77 and lowest in Q1 2022 at 7.47.

Overall, the trend indicates that J.B. Hunt has been able to collect its accounts receivable more frequently in recent quarters, with Q2 and Q3 of 2023 showing significant improvements compared to previous periods. This suggests that the company has been effective in managing its credit policies, collections, and reducing the time it takes to collect outstanding receivables.

However, it's important to keep monitoring this ratio to ensure that the trend continues and that the company maintains sufficient liquidity and cash flow by efficiently converting its receivables into cash.