Old Dominion Freight Line (Old Dominion Freight Line) Days Payable : 10.78 (As of Dec. 2023)

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What is Old Dominion Freight Line Days Payable?

Old Dominion Freight Line's average Accounts Payable for the three months ended in Dec. 2023 was $114 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 Payable for the three months ended in Dec. 2023 was 10.78.

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

ODFL' s Days Payable Range Over the Past 10 Years
Min: 7.13 Med: 9.24 Max: 12.67
Current: 10.61

During the past 13 years, Old Dominion Freight Line's highest Days Payable was 12.67. The lowest was 7.13. And the median was 9.24.

ODFL's Days Payable is ranked worse than
92.37% of 931 companies
in the Transportation industry
Industry Median: 39.47 vs ODFL: 10.61

Old Dominion Freight Line's Days Payable increased from Dec. 2022 (10.72) to Dec. 2023 (10.78). It may suggest that Old Dominion Freight Line delayed paying its suppliers.

Old Dominion Freight Line Days Payable Historical Data

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

Old Dominion Freight Line Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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9.24

9.09

7.92

8.61

10.54

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
Days Payable	Get a 7-Day Free Trial															10.72	10.84	10.77	10.10	10.78

Competitive Comparison of Old Dominion Freight Line's Days Payable

For the Trucking subindustry, Old Dominion Freight Line'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.

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

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

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

Old Dominion Freight Line 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.

Old Dominion Freight Line'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
=	( (106.275	+	112.774)	/	2 )	/	3793.953	*	365
=	109.5245					/	3793.953	*	365
=	10.54

Old Dominion Freight Line'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
=	( (115.712	+	112.774)	/	2 )	/	966.985	*	365 / 4
=	114.243					/	966.985	*	365 / 4
=	10.78

Old Dominion Freight Line Days Payable 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 » Days Payable

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