JB Hunt Transport Services (WBO:JBHT) Inventory Turnover : 58.16 (As of Mar. 2024)

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What is JB Hunt Transport Services Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. JB Hunt Transport Services's Cost of Goods Sold for the three months ended in Mar. 2024 was €2,250 Mil. JB Hunt Transport Services's Average Total Inventories for the quarter that ended in Mar. 2024 was €39 Mil. JB Hunt Transport Services's Inventory Turnover for the quarter that ended in Mar. 2024 was 58.16.

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 three months ended in Mar. 2024 was 1.57.

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 quarter that ended in Mar. 2024 was 0.01.

JB Hunt Transport Services Inventory Turnover Historical Data

The historical data trend for JB Hunt Transport Services's Inventory Turnover 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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JB Hunt Transport Services Inventory Turnover Chart

JB Hunt Transport Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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359.83

349.02

436.92

385.26

252.90

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
Inventory Turnover	Get a 7-Day Free Trial															64.93	-	-	65.11	58.16

JB Hunt Transport Services Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	9738.106	/ (	(38.328	+	38.685)	/	2 )
=	9738.106	/	38.5065
=	252.90

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	2249.763	/ (	(38.685	+	0)	/	1 )
=	2249.763	/	38.685
=	58.16

JB Hunt Transport Services (WBO:JBHT) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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 three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	38.685	/	2249.763	*	365 / 4
	=	1.57

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 quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	38.685	/	2708.481
	=	0.01

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

JB Hunt Transport Services Inventory Turnover Related Terms

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JB Hunt Transport Services (WBO:JBHT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

JBHT:USA JB1:Germany

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%).