Old Dominion Freight Line (MEX:ODFL) Receivables Turnover : 2.60 (As of Mar. 2025)

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What is Old Dominion Freight Line Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Old Dominion Freight Line's Revenue for the three months ended in Mar. 2025 was MXN28,127 Mil. Old Dominion Freight Line's average Accounts Receivable for the three months ended in Mar. 2025 was MXN10,811 Mil. Hence, Old Dominion Freight Line's Receivables Turnover for the three months ended in Mar. 2025 was 2.60.

Old Dominion Freight Line Receivables Turnover Historical Data

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

Old Dominion Freight Line Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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9.77

10.53

10.65

9.43

11.96

Old Dominion Freight Line Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															2.49	2.71	2.71	2.73	2.60

Competitive Comparison of Old Dominion Freight Line's Receivables Turnover

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

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

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

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Old Dominion Freight Line Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Old Dominion Freight Line's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	121271.933	/ (	(9826.138	+	10460.26)	/	2 )
=	121271.933	/	10143.199
=	11.96

Old Dominion Freight Line's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	28127.12	/ (	(10460.26	+	11161.667)	/	2 )
=	28127.12	/	10810.9635
=	2.60

Old Dominion Freight Line (MEX:ODFL) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Old Dominion Freight Line Receivables Turnover Related Terms

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Old Dominion Freight Line Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

ODFL:USA 0A7P:UK 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 (following FedEx Freight), 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.