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


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What is Old Dominion Freight Line Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Old Dominion Freight Line's Average Total Inventories for the three months ended in Dec. 2023 was $0 Mil. Old Dominion Freight Line's Cost of Goods Sold for the three months ended in Dec. 2023 was $967 Mil. Hence, Old Dominion Freight Line's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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

ODFL's Days Inventory is not ranked *
in the Transportation industry.
Industry Median: 11.505
* Ranked among companies with meaningful Days Inventory only.

Old Dominion Freight Line's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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 three months ended in Dec. 2023 was 0.00.


Old Dominion Freight Line Days Inventory Historical Data

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

Old Dominion Freight Line Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
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Old Dominion Freight Line Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Old Dominion Freight Line's Days Inventory

For the Trucking subindustry, Old Dominion Freight Line's Days Inventory, along with its competitors' market caps and Days Inventory 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 Inventory Distribution in the Transportation Industry

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

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



Old Dominion Freight Line Days Inventory Calculation

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 fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (0 + 0) / 1 ) / 3793.953*365
=0 / 3793.953*365
=0.00

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

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (0 + 0) / 1 ) / 966.985*365 / 4
=0 / 966.985*365 / 4
=0.00

* 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 Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

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 three months ended in Dec. 2023 is calculated as

* 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.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Old Dominion Freight Line Days Inventory Related Terms

Thank you for viewing the detailed overview of Old Dominion Freight Line's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


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