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Old Dominion Freight Line (FRA:ODF) EBIT : €1,511 Mil (TTM As of Sep. 2024)


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What is Old Dominion Freight Line EBIT?

Old Dominion Freight Line's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was €363 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was €1,511 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Old Dominion Freight Line's annualized ROC % for the quarter that ended in Sep. 2024 was 24.08%. Old Dominion Freight Line's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 35.51%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Old Dominion Freight Line's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 3.69%.


Old Dominion Freight Line EBIT Historical Data

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

Old Dominion Freight Line Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 741.89 743.21 1,230.28 1,739.71 1,511.44

Old Dominion Freight Line Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
EBIT 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 418.34 390.10 361.49 396.29 363.21

Competitive Comparison of Old Dominion Freight Line's EBIT

For the Trucking subindustry, Old Dominion Freight Line's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Old Dominion Freight Line's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Old Dominion Freight Line's EV-to-EBIT falls into.



Old Dominion Freight Line EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,511 Mil.

* 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  (FRA:ODF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Old Dominion Freight Line's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=1448.308 * ( 1 - 23.45% )/( (4613.1 + 4596.817)/ 2 )
=1108.679774/4604.9585
=24.08 %

where

Invested Capital(Q: Sep. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4888.674 - 225.036 - ( 66.821 - max(0, 498.776 - 662.288+66.821))
=4596.817

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Old Dominion Freight Line's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1452.82/( ( (3974.095 + max(133.356, 0)) + (3987.603 + max(86.838, 0)) )/ 2 )
=1452.82/( ( 4107.451 + 4074.441 )/ 2 )
=1452.82/4090.946
=35.51 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(537.056 + 0 + 91.228) - (253.486 + 0 + 241.442)
=133.356

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(491.717 + 0 + 75.877) - (225.036 + 0 + 255.72)
=86.838

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Old Dominion Freight Line's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=1511.081/40898.535
=3.69 %

* 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 EBIT Related Terms

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Old Dominion Freight Line Business Description

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 are head and shoulders above its peers. Strategic initiatives revolve around boosting network density through market share gains and maintaining industry-leading service (including ultralow cargo claims) via steadfast infrastructure investment.

Old Dominion Freight Line Headlines

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