Heartland Express (Heartland Express) Change In Receivables : $37 Mil (TTM As of Dec. 2023)

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What is Heartland Express Change In Receivables?

Heartland Express's change in receivables for the quarter that ended in Dec. 2023 was $11 Mil. It means Heartland Express's Accounts Receivable declined by $11 Mil from Sep. 2023 to Dec. 2023 .

Heartland Express's change in receivables for the fiscal year that ended in Dec. 2023 was $37 Mil. It means Heartland Express's Accounts Receivable declined by $37 Mil from Dec. 2022 to Dec. 2023 .

Heartland Express's Accounts Receivable for the quarter that ended in Dec. 2023 was $103 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Heartland Express's Days Sales Outstanding for the three months ended in Dec. 2023 was 34.05.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Heartland Express's liquidation value for the three months ended in Dec. 2023 was $-539 Mil.

Heartland Express Change In Receivables Historical Data

The historical data trend for Heartland Express's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Heartland Express Change In Receivables Chart

Heartland Express Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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6.68

1.18

2.77

20.03

37.08

Heartland Express Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															23.23	13.65	11.70	0.53	11.21

Heartland Express Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $37 Mil.

Heartland Express (NAS:HTLD) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Heartland Express's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	102.74	/	275.347	*	91
=	34.05

2. In Ben Graham's calculation of liquidation value, Heartland Express's accounts receivable are only considered to be worth 75% of book value:

Heartland Express's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	28.123	-	644.386	+	0.75 * 102.74	+	0.5 * 0
=	-539

Heartland Express Change In Receivables Related Terms

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Heartland Express (Heartland Express) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Heartland Express Inc (NAS:HTLD) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

HLX:Germany

Address

901 Heartland Way, North Liberty, IA, USA, 52317

Website

https://www.heartlandexpress.com

Heartland Express Inc is engaged in providing truckload services across the United States and Canada. These truckload services are primarily asset-based transportation services in the dry van truckload market, and it also offers truckload temperature-controlled transportation services. The company's major customers represent primarily the consumer goods, appliances, food products, and automotive industries.

Executives

Michael J Gerdin	director, officer: PRESIDENT	901 HEARTLAND WAY, NORTH LIBERTY IA 52317
Ann S. Gerdin Revocable Trust	10 percent owner, other: Co-Trustee of 10% Owner	901 HEARTLAND WAY, NORTH LIBERTY IA 52317
Michael John Sullivan	director	901 HEARTLAND WAY, NORTH LIBERTY IA 52317
Brenda M Lantz	director	901 HEARTLAND WAY, NORTH LIBERTY IA 52317
Todd A Smith	officer: President of Smith Transport	901 HEARTLAND WAY, NORTH LIBERTY IA 52317
Christopher Alan Strain	officer: Vice President/CFO/Treasurer	901 HEARTLAND WAY, NORTH LIBERTY IA 52317
Brenda S Neville	director	901 HEARTLAND WAY, NORTH LIBERTY IA 52317
David Paul Millis	director	901 HEARTLAND WAY, NORTH LIBERTY IA 52317
Jo Anne Borden	officer: VP of HR and Risk Management	901 HEARTLAND WAY, NORTH LIBERTY IA 52317
James G Pratt	director	11 THE WOODS NE, IOWA CITY IA 52240
Angela K Janssen	other: Co-Trustee of 10% Owner	901 HEARTLAND WAY, NORTH LIBERTY IA 52317
Julie J Durr	other: Co-Trustee of 10% Owner	901 HEARTLAND WAY, NORTH LIBERTY IA 52317
Larry J. Gordon	director	901 HEARTLAND WAY, NORTH LIBERTY IA 52317
Kent Daryl Rigdon	officer: Vice President of Sales	901 NORTH KANSAS AVENUE, NORTH LIBERTY IA 52317
Tahira K Hira	director	901 N KANSAS AVE, NORTH LIBERTY IA 52317