Old Dominion Freight Line (Old Dominion Freight Line) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Old Dominion Freight Line 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. Old Dominion Freight Line's Cost of Goods Sold for the three months ended in Dec. 2023 was $967 Mil. Old Dominion Freight Line's Average Total Inventories for the quarter that ended in Dec. 2023 was $0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Old Dominion Freight Line's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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. Old Dominion Freight Line's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Old Dominion Freight Line Inventory Turnover Historical Data

The historical data trend for Old Dominion Freight Line'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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Old Dominion Freight Line Inventory Turnover Chart

Old Dominion Freight Line Annual Data

Trend

Dec14

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Dec23

Inventory Turnover

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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
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Old Dominion Freight Line Inventory Turnover Calculation

Old Dominion Freight Line'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 )
=	3793.953	/ (	(0	+	0)	/	1 )
=	3793.953	/	0
=	N/A

Old Dominion Freight Line's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	966.985	/ (	(0	+	0)	/	1 )
=	966.985	/	0
=	N/A

Old Dominion Freight Line (NAS:ODFL) 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.

Old Dominion Freight Line's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0	/	966.985	*	365 / 4
	=	0.00

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.

Old Dominion Freight Line's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0	/	1495.55
	=	0.00

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.

Old Dominion Freight Line Inventory Turnover Related Terms

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

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Old Dominion Freight Line Inc (NAS:ODFL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

ODFL:Mexico ODF:Germany ODF:Germany O1DF34:Brazil

Address

500 Old Dominion Way, Thomasville, NC, USA, 27360

Website

https://www.odfl.com

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