Hub Group (Hub Group) Days Payable : 33.13 (As of Mar. 2024)

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What is Hub Group Days Payable?

Hub Group's average Accounts Payable for the three months ended in Mar. 2024 was $335 Mil. Hub Group's Cost of Goods Sold for the three months ended in Mar. 2024 was $923 Mil. Hence, Hub Group's Days Payable for the three months ended in Mar. 2024 was 33.13.

The historical rank and industry rank for Hub Group's Days Payable or its related term are showing as below:

HUBG' s Days Payable Range Over the Past 10 Years
Min: 27.86 Med: 31.5 Max: 37.49
Current: 35.14

During the past 13 years, Hub Group's highest Days Payable was 37.49. The lowest was 27.86. And the median was 31.50.

HUBG's Days Payable is ranked worse than
54.66% of 933 companies
in the Transportation industry
Industry Median: 39.08 vs HUBG: 35.14

Hub Group's Days Payable increased from Mar. 2023 (29.62) to Mar. 2024 (33.13). It may suggest that Hub Group delayed paying its suppliers.

Hub Group Days Payable Historical Data

The historical data trend for Hub Group's Days Payable 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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Hub Group Days Payable Chart

Hub Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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30.74

32.25

34.45

30.67

34.25

Hub Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															29.62	37.24	30.75	41.11	33.13

Competitive Comparison of Hub Group's Days Payable

For the Integrated Freight & Logistics subindustry, Hub Group's Days Payable, along with its competitors' market caps and Days Payable 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.

Hub Group's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hub Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Hub Group's Days Payable falls into.

Hub Group Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Hub Group's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (344.751	+	349.378)	/	2 )	/	3698.921	*	365
=	347.0645					/	3698.921	*	365
=	34.25

Hub Group's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (349.378	+	320.919)	/	2 )	/	923	*	365 / 4
=	335.1485					/	923	*	365 / 4
=	33.13

Hub Group Days Payable Related Terms

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Hub Group (Hub Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hub Group Inc (NAS:HUBG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2001 Hub Group Way, Oak Brook, IL, USA, 60523

Website

https://www.hubgroup.com

Hub Group ranks among the largest providers of rail intermodal service. Roughly 60% of revenue comes from Hub's intermodal and transportation solutions division. ITS includes its flagship intermodal operations, which use the Class I rail carriers for the underlying line-haul movement of containers, as well as its dedicated truckload shipping unit. Asset light truckload and LTL brokerage makes up around 20%. The remaining 20% reflects Hub's logistics division, which provides outsourced transportation management, warehousing and fulfillment, and heavy-goods final mile delivery. Hub is somewhat acquisitive in that it often makes tuck-in acquisitions which expand its brokerage, logistics, and dedicated truckload offerings.

Executives

Dhruv Bansal	officer: Chief Information Officer	2001 HUB GROUP WAY, OAK BROOK IL 60523
Lisa Dykstra	director	2000 CLEARWATER DRIVE, OAK BROOK IL 60523
Kevin Beth	officer: Chief Accounting Officer	2000 CLEARWATER DRIVE, OAK BROOK IL 60523
Thomas P. Lafrance	officer: General Counsel	C/O TRANSPORTATION SYSTEMS HOLDINGS INC., 901 MAIN AVENUE, NORWALK CT 06851
Michael E Flannery	director
Gary Yablon	director	2000 CLEARWATER DRIVE, OAK BROOK IL 60523
Phillip D Yeager	officer: EVP Acct Mgmt & IML Op	2000 CLEARWATER DRIVE, OAK BROOK IL 60523
David P Yeager	director, officer: Vice Chairman and CEO	3050 HIGHLAND PARKWAY, STE 100, DOWNERS GROVA IL 60515
Vava Dimond	officer: Chief Information Officer	2000 CLEARWATER DRIVE, OAK BROOK IL 60523
Charles R Reaves	director	3050 HIGHLAND PARKWAY, STE 100, DOWNERS GROVA IL 60515
Geoffrey Demartino	officer: Chief Financial Officer	100 THERMON DRIVE, SAN MARCOS TX 78666
Jenell Ross	director	2000 CLEARWATER DRIVE, OAK BROOK IL 60523
Michele Mcdermott	officer: Chief Human Resource Officer	2000 CLEARWATER DRIVE, OAK BROOK IL 60523
Nicholas Hannigan	officer: EVP, Truck Brokerage	2000 CLEARWATER DRIVE, OAK BROOK IL 60523
Mary H Boosalis	director	2000 CLEARWATER DRIVE, OAK BROOK IL 60523