JB Hunt Transport Services (JB Hunt Transport Services) Days Inventory

: 1.57 (As of Mar. 2024)

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Days Inventory is also known as Days Sales of Inventory (DSI). JB Hunt Transport Services's Average Total Inventories for the three months ended in Mar. 2024 was $42 Mil. JB Hunt Transport Services's Cost of Goods Sold for the three months ended in Mar. 2024 was $2,445 Mil. Hence, JB Hunt Transport Services's Days Inventory for the three months ended in Mar. 2024 was 1.57.

The historical rank and industry rank for JB Hunt Transport Services's Days Inventory or its related term are showing as below:

JBHT' s Days Inventory Range Over the Past 10 Years
Min: 0.87 Med: 1.14 Max: 1.92
Current: 1.42

During the past 13 years, JB Hunt Transport Services's highest Days Inventory was 1.92. The lowest was 0.87. And the median was 1.14.

JBHT's Days Inventory is ranked better than
87.61% of 783 companies
in the Transportation industry
Industry Median: 11.57 vs JBHT: 1.42

JB Hunt Transport Services's Days Inventory increased from Mar. 2023 (1.39) to Mar. 2024 (1.57). It might indicate that JB Hunt Transport Services's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. JB Hunt Transport Services's Inventory Turnover for the three months ended in Mar. 2024 was 57.97.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. JB Hunt Transport Services's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.01.

JB Hunt Transport Services Days Inventory Historical Data

The historical data trend for JB Hunt Transport Services's Days Inventory 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.

* Premium members only.

JB Hunt Transport Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

1.03

1.00

0.87

0.97

1.42

JB Hunt Transport Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory																1.39	-	-	1.40	1.57

Competitive Comparison

For the Integrated Freight & Logistics subindustry, JB Hunt Transport Services's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

JB Hunt Transport Services Days Inventory Distribution

For the Transportation industry and Industrials sector, JB Hunt Transport Services's Days Inventory distribution charts can be found below:

* The bar in red indicates where JB Hunt Transport Services's Days Inventory falls into.

JB Hunt Transport Services Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

JB Hunt Transport Services's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (40.602	+	42.186)	/	2 )	/	10619.526	*	365
=	41.394					/	10619.526	*	365
=	1.42

JB Hunt Transport Services's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (42.186	+	0)	/	1 )	/	2445.394	*	365 / 4
=	42.186					/	2445.394	*	365 / 4
=	1.57

JB Hunt Transport Services (NAS:JBHT) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

JB Hunt Transport Services's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2445.394	/	42.186
	=	57.97

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

JB Hunt Transport Services's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	42.186	/	2944.001
	=	0.01

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

JB Hunt Transport Services Days Inventory Related Terms

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JB Hunt Transport Services (JB Hunt Transport Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » JB Hunt Transport Services Inc (NAS:JBHT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

JB1:Germany JBHT:Austria

Address

615 J.B. Hunt Corporate Drive, P.O. Box 130, Lowell, AR, USA, 72745-0130

Website

https://www.jbhunt.com

J.B. Hunt Transport Services ranks among the top surface transportation companies in North America by revenue. Its primary operating segments are intermodal delivery, which uses the Class I rail carriers for the underlying line-haul movement of its owned containers (48% of sales in 2023); dedicated trucking services that provide customer-specific fleet needs (28%); for-hire truckload (6%); heavy goods final-mile delivery (7%), and asset-light truck brokerage (11%).

Executives

James K Thompson	director, officer: President and Chief Executive	615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
Shelley Simpson	other: President, ICS	615 JB HUNT CORPORATE DRIVE, LOWELL AR 72745
Spencer Frazier	officer: EVP of Sales and Marketing	615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
Eric Mcgee	officer: EVP Highway Services	615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
Darren P. Field	officer: EVP Intermodal	615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
David Keefauver	officer: EVP of DCS	615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
Bradley W. Hicks	officer: EVP Dedicated	615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
Nicholas Hobbs	officer: EVP/President DCS	PO BOX 130, 615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
Stuart Lockard Scott	other: EVP/CIO	615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
John Kuhlow	other: VP/Controller	615 JB HUNT CORPORATE DRIVE, LOWELL AR 72745
Persio V Lisboa	director	C/O NAVISTAR INTERNATIONAL CORPORATION, 2701 NAVISTAR DRIVE, LISLE IL 60532
Alfred C Harper	other: EVP and Chief Operations Offic	615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
Sharilyn S Gasaway	director	ONE ALLIED DRIVE, LITTLE ROCK AR 72202
Brian Webb	officer: EVP- Final Mile Services	615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
Jennifer Boattini	officer: See Remarks	615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745