Stock Analysis on Net

Old Dominion Freight Line Inc. (NASDAQ:ODFL)

This company has been moved to the archive! The financial data has not been updated since August 4, 2023.

Analysis of Long-term (Investment) Activity Ratios 

Microsoft Excel

Long-term Activity Ratios (Summary)

Old Dominion Freight Line Inc., long-term (investment) activity ratios

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net fixed asset turnover 1.70 1.63 1.38 1.38 1.47
Net fixed asset turnover (including operating lease, right-of-use asset) 1.66 1.59 1.33 1.35 1.47
Total asset turnover 1.29 1.09 0.92 1.03 1.14
Equity turnover 1.71 1.43 1.21 1.33 1.51

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Old Dominion Freight Line Inc. net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Old Dominion Freight Line Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Old Dominion Freight Line Inc. total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Old Dominion Freight Line Inc. equity turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Net Fixed Asset Turnover

Old Dominion Freight Line Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Revenue from operations 6,260,077 5,256,328 4,015,129 4,109,111 4,043,695
Net property and equipment 3,687,068 3,215,686 2,914,031 2,968,835 2,754,943
Long-term Activity Ratio
Net fixed asset turnover1 1.70 1.63 1.38 1.38 1.47
Benchmarks
Net Fixed Asset Turnover, Competitors2
FedEx Corp. 2.45 2.35 2.06 2.29
Uber Technologies Inc. 15.31 9.42 6.14 8.17
Union Pacific Corp. 0.44 0.40 0.36 0.40
United Parcel Service Inc. 2.89 2.91 2.62 2.43
Net Fixed Asset Turnover, Sector
Transportation 1.91 1.75 1.51 1.54
Net Fixed Asset Turnover, Industry
Industrials 3.22 3.04 2.41 2.76

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Net fixed asset turnover = Revenue from operations ÷ Net property and equipment
= 6,260,077 ÷ 3,687,068 = 1.70

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Old Dominion Freight Line Inc. net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Old Dominion Freight Line Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Revenue from operations 6,260,077 5,256,328 4,015,129 4,109,111 4,043,695
 
Net property and equipment 3,687,068 3,215,686 2,914,031 2,968,835 2,754,943
Operating lease right-of-use assets (presented within Other assets) 95,200 100,300 104,400 65,300
Net property and equipment (including operating lease, right-of-use asset) 3,782,268 3,315,986 3,018,431 3,034,135 2,754,943
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 1.66 1.59 1.33 1.35 1.47
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
FedEx Corp. 1.71 1.64 1.46 2.29
Uber Technologies Inc. 9.03 5.39 3.61 4.25
Union Pacific Corp. 0.43 0.38 0.35 0.39
United Parcel Service Inc. 2.61 2.63 2.40 2.22
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Transportation 1.62 1.49 1.30 1.46
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Industrials 2.77 2.62 2.13 2.57

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenue from operations ÷ Net property and equipment (including operating lease, right-of-use asset)
= 6,260,077 ÷ 3,782,268 = 1.66

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Old Dominion Freight Line Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022.

Total Asset Turnover

Old Dominion Freight Line Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Revenue from operations 6,260,077 5,256,328 4,015,129 4,109,111 4,043,695
Total assets 4,838,610 4,821,544 4,369,410 3,995,568 3,545,283
Long-term Activity Ratio
Total asset turnover1 1.29 1.09 0.92 1.03 1.14
Benchmarks
Total Asset Turnover, Competitors2
FedEx Corp. 1.09 1.01 0.94 1.28
Uber Technologies Inc. 0.99 0.45 0.33 0.45
Union Pacific Corp. 0.38 0.34 0.31 0.35
United Parcel Service Inc. 1.41 1.40 1.36 1.28
Total Asset Turnover, Sector
Transportation 0.98 0.87 0.80 0.87
Total Asset Turnover, Industry
Industrials 0.66 0.60 0.51 0.61

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Total asset turnover = Revenue from operations ÷ Total assets
= 6,260,077 ÷ 4,838,610 = 1.29

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Old Dominion Freight Line Inc. total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Equity Turnover

Old Dominion Freight Line Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Revenue from operations 6,260,077 5,256,328 4,015,129 4,109,111 4,043,695
Shareholders’ equity 3,652,917 3,679,807 3,326,288 3,080,717 2,680,483
Long-term Activity Ratio
Equity turnover1 1.71 1.43 1.21 1.33 1.51
Benchmarks
Equity Turnover, Competitors2
FedEx Corp. 3.75 3.47 3.78 3.92
Uber Technologies Inc. 4.34 1.21 0.91 1.00
Union Pacific Corp. 2.05 1.54 1.15 1.20
United Parcel Service Inc. 5.07 6.83 128.81 22.68
Equity Turnover, Sector
Transportation 3.90 3.29 3.83 3.37
Equity Turnover, Industry
Industrials 2.94 2.58 2.75 3.53

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Equity turnover = Revenue from operations ÷ Shareholders’ equity
= 6,260,077 ÷ 3,652,917 = 1.71

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Old Dominion Freight Line Inc. equity turnover ratio improved from 2020 to 2021 and from 2021 to 2022.