Old Dominion Freight Line's Total Assets for the quarter that ended in Dec. 2023 was $5,512 Mil.
During the past 12 months, Old Dominion Freight Line's average Total Assets Growth Rate was 10.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 11.80% per year.
During the past 5 years, the average Total Assets Growth Rate was 8.80% per year.
During the past 10 years, the average Total Assets Growth Rate was 9.80% per year.
During the past 13 years, Old Dominion Freight Line's highest 3-Year average Total Assets Growth Rate was 23.50%. The lowest was 7.00%. And the median was 13.65%.
Total Assets is connected with ROA %. Old Dominion Freight Line's annualizedROA % for the quarter that ended in Dec. 2023 was 23.89%. Total Assets is also linked to Revenue through Asset Turnover. Old Dominion Freight Line's Asset Turnover for the quarter that ended in Dec. 2023 was 0.28.
Old Dominion Freight Line Total Assets Historical Data
The historical data trend for Old Dominion Freight Line's Total Assets 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.
Old Dominion Freight Line Total Assets Calculation
Total Assets are all the assets a company owns.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Old Dominion Freight Line's Total Assets for the fiscal year that 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.
Old Dominion Freight Line (NAS:ODFL) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Old Dominion Freight Line's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Old Dominion Freight Line Total Assets Related Terms
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Old Dominion Freight Line (Old Dominion Freight Line) Business Description
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.
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