Heartland Express (Heartland Express) Days Payable : 17.71 (As of Dec. 2023)

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What is Heartland Express Days Payable?

Heartland Express's average Accounts Payable for the three months ended in Dec. 2023 was $49 Mil. Heartland Express's Cost of Goods Sold for the three months ended in Dec. 2023 was $253 Mil. Hence, Heartland Express's Days Payable for the three months ended in Dec. 2023 was 17.71.

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

HTLD' s Days Payable Range Over the Past 10 Years
Min: 4.96 Med: 9.3 Max: 19.8
Current: 17.15

During the past 13 years, Heartland Express's highest Days Payable was 19.80. The lowest was 4.96. And the median was 9.30.

HTLD's Days Payable is ranked worse than
84.32% of 931 companies
in the Transportation industry
Industry Median: 39.31 vs HTLD: 17.15

Heartland Express's Days Payable declined from Dec. 2022 (18.99) to Dec. 2023 (17.71). It may suggest that Heartland Express accelerated paying its suppliers.

Heartland Express Days Payable Historical Data

The historical data trend for Heartland Express'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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Heartland Express Days Payable Chart

Heartland Express Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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8.31

8.73

12.68

19.80

17.27

Heartland Express 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															18.12	18.83	20.57	17.71	13.59

Competitive Comparison of Heartland Express's Days Payable

For the Trucking subindustry, Heartland Express'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.

Heartland Express's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where Heartland Express's Days Payable falls into.

Heartland Express 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.

Heartland Express'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
=	( (62.712	+	37.777)	/	2 )	/	1062.177	*	365
=	50.2445					/	1062.177	*	365
=	17.27

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

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (60.269	+	37.777)	/	2 )	/	252.533	*	365 / 4
=	49.023					/	252.533	*	365 / 4
=	17.71

Heartland Express Days Payable Related Terms

Thank you for viewing the detailed overview of Heartland Express's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Heartland Express (Heartland Express) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Heartland Express Inc (NAS:HTLD) » Definitions » Days Payable

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