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Old Dominion Freight Line (Old Dominion Freight Line) Days Sales Outstanding : 36.97 (As of Dec. 2023)


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What is Old Dominion Freight Line Days Sales Outstanding?

Old Dominion Freight Line's average Accounts Receivable for the three months ended in Dec. 2023 was $606 Mil. Old Dominion Freight Line's Revenue for the three months ended in Dec. 2023 was $1,496 Mil. Hence, Old Dominion Freight Line's Days Sales Outstanding for the three months ended in Dec. 2023 was 36.97.

The historical rank and industry rank for Old Dominion Freight Line's Days Sales Outstanding or its related term are showing as below:

ODFL' s Days Sales Outstanding Range Over the Past 10 Years
Min: 33.41   Med: 36.87   Max: 38.82
Current: 36.07

During the past 13 years, Old Dominion Freight Line's highest Days Sales Outstanding was 38.82. The lowest was 33.41. And the median was 36.87.

ODFL's Days Sales Outstanding is ranked better than
63.87% of 966 companies
in the Transportation industry
Industry Median: 45.73 vs ODFL: 36.07

Old Dominion Freight Line's Days Sales Outstanding declined from Dec. 2022 (36.98) to Dec. 2023 (36.97).


Old Dominion Freight Line Days Sales Outstanding Historical Data

The historical data trend for Old Dominion Freight Line's Days Sales Outstanding 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.

Old Dominion Freight Line Days Sales Outstanding Chart

Old Dominion Freight Line Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.65 38.28 35.14 33.41 36.01

Old Dominion Freight Line Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 36.17 35.78 35.43 36.97 36.18

Competitive Comparison of Old Dominion Freight Line's Days Sales Outstanding

For the Trucking subindustry, Old Dominion Freight Line's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.


Old Dominion Freight Line's Days Sales Outstanding Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Old Dominion Freight Line's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Old Dominion Freight Line's Days Sales Outstanding falls into.



Old Dominion Freight Line Days Sales Outstanding Calculation

Days Sales Outstanding measures 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.

Accounts Receivable can be measured by Days Sales Outstanding.

Old Dominion Freight Line's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

Days Sales Outstanding (A: Dec. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )*Days in Period
=( (578.648 + 578.885) / 2 ) / 5866.152*365
=578.7665 / 5866.152*365
=36.01

Old Dominion Freight Line's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding (Q: Dec. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Sep. 2023 ) + Accounts Receivable (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )*Days in Period
=( (632.874 + 578.885) / 2 ) / 1495.55*365 / 4
=605.8795 / 1495.55*365 / 4
=36.97

* 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.


Old Dominion Freight Line  (NAS:ODFL) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.


Old Dominion Freight Line Days Sales Outstanding Related Terms

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Old Dominion Freight Line (Old Dominion Freight Line) Business Description

Traded in Other Exchanges
Address
500 Old Dominion Way, Thomasville, NC, USA, 27360
Old Dominion Freight Line is the second-largest less than truckload carrier in the United States, with more than 250 service centers and 11,000-plus tractors. It is one of the most disciplined and efficient providers in the trucking industry, and its profitability and capital returns stand head and shoulders above its peers. Strategic initiatives revolve around increasing network density through market share gains and maintaining industry-leading service via steadfast infrastructure investment.
Executives
David S Congdon director, 10 percent owner, officer: President and COO C/O OLD DOMINION FREIGHT LINE, INC., 500 OLD DOMINION WAY, THOMASVILLE NC 27360
Stith Thomas A. Iii director 500 OLD DOMINION WAY, THOMASVILLE NC 27360
Steven W. Hartsell officer: SVP - Sales 500 OLD DOMINION WAY, THOMASVILLE NC 27360
Andrew Stephen Davis director 500 OLD DOMINION WAY, THOMASVILLE NC 27360
Christopher James Kelley officer: SVP - Operations 500 OLD DOMINION WAY, THOMASVILLE NC 27360
Bradley R Gabosch director 500 OLD DOMINION WAY, THOMASVILLE NC 27360
David J. Bates officer: SVP - Operations C/O XPO, INC., FIVE AMERICAN LANE, GREENWICH CT 06831
Leo H Suggs director UNION PACIFIC CORP, 1416 DODGE ST, OMAHA NE 68179
D. Michael Wray director 7205 PINETREE ROAD, RICHMOND VA 23229
Gregory B Plemmons officer: SVP - Sales 500 OLD DOMINION WAY, THOMASVILLE NC 27360
Wendy T. Stallings director 500 OLD DOMINION WAY, THOMASVILLE NC 27360
Earl E Congdon director, officer: Chairman of the Board and CEO C/O OLD DOMINION FREIGHT LINE, INC., 500 OLD DOMINION WAY, THOMASVILLE NC 27360
Sherry A Aaholm director 500 JACKSON STREET, COLUMBUS IN 47201
Christopher T Brooks officer: SVP - Human Resources & Safety 500 OLD DOMINION WAY, THOMASVILLE NC 27360
Kimberly S Maready officer: VP - Accounting & Fin. (PAO) 500 OLD DOMINION WAY, THOMASVILLE NC 27360