JB Hunt Transport Services Inc (JBHT)
Working capital turnover
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Revenue | US$ in thousands | 12,087,200 | 12,829,700 | 14,814,000 | 12,168,300 | 9,636,570 |
Total current assets | US$ in thousands | 1,770,980 | 2,084,910 | 2,167,540 | 2,303,840 | 1,860,970 |
Total current liabilities | US$ in thousands | 1,678,040 | 1,779,420 | 1,568,230 | 1,726,360 | 1,126,190 |
Working capital turnover | 130.05 | 42.00 | 24.72 | 21.07 | 13.11 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $12,087,200K ÷ ($1,770,980K – $1,678,040K)
= 130.05
JB Hunt Transport Services Inc's working capital turnover has been steadily increasing over the past five years, indicating that the company is becoming more efficient in managing its working capital.
In December 2020, the working capital turnover was 13.11, which means that the company generated $13.11 in revenue for every dollar of working capital invested. By December 2024, this ratio had significantly increased to 130.05, showcasing a remarkable improvement in the utilization of working capital.
The sharp rise in working capital turnover suggests that JB Hunt Transport Services Inc has been able to efficiently turn its current assets, such as cash, accounts receivable, and inventory, into revenue. This efficiency can lead to improved liquidity, profitability, and overall financial health for the company.
Overall, the trend of increasing working capital turnover for JB Hunt Transport Services Inc reflects positively on its financial management and operational efficiency.
Peer comparison
Dec 31, 2024