Stock Analysis on Net

Old Dominion Freight Line Inc. (NASDAQ:ODFL)

$22.49

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

Analysis of Short-term (Operating) Activity Ratios

Microsoft Excel

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Short-term Activity Ratios (Summary)

Old Dominion Freight Line Inc., short-term (operating) activity ratios

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Turnover Ratios
Receivables turnover
Payables turnover
Working capital turnover
Average No. Days
Average receivable collection period
Average payables payment period

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).

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Old Dominion Freight Line Inc. receivables turnover ratio improved from 2020 to 2021 and from 2021 to 2022.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Old Dominion Freight Line Inc. payables turnover ratio increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Old Dominion Freight Line Inc. working capital turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Old Dominion Freight Line Inc. number of days of receivables outstanding improved from 2020 to 2021 and from 2021 to 2022.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period.

Receivables Turnover

Old Dominion Freight Line Inc., receivables 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
Customer receivables, less allowances
Short-term Activity Ratio
Receivables turnover1
Benchmarks
Receivables Turnover, Competitors2
FedEx Corp.
Uber Technologies Inc.
Union Pacific Corp.
United Parcel Service Inc.
Receivables Turnover, Sector
Transportation
Receivables Turnover, Industry
Industrials

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
Receivables turnover = Revenue from operations ÷ Customer receivables, less allowances
= ÷ =

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Old Dominion Freight Line Inc. receivables turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Payables Turnover

Old Dominion Freight Line Inc., payables 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
Accounts payable
Short-term Activity Ratio
Payables turnover1
Benchmarks
Payables Turnover, Competitors2
FedEx Corp.
Uber Technologies Inc.
Union Pacific Corp.
United Parcel Service Inc.
Payables Turnover, Sector
Transportation
Payables Turnover, Industry
Industrials

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
Payables turnover = Revenue from operations ÷ Accounts payable
= ÷ =

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Old Dominion Freight Line Inc. payables turnover ratio increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.

Working Capital Turnover

Old Dominion Freight Line Inc., working capital 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)
Current assets
Less: Current liabilities
Working capital
 
Revenue from operations
Short-term Activity Ratio
Working capital turnover1
Benchmarks
Working Capital Turnover, Competitors2
FedEx Corp.
Uber Technologies Inc.
Union Pacific Corp.
United Parcel Service Inc.
Working Capital Turnover, Sector
Transportation
Working Capital Turnover, Industry
Industrials

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
Working capital turnover = Revenue from operations ÷ Working capital
= ÷ =

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. Old Dominion Freight Line Inc. working capital turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Average Receivable Collection Period

Old Dominion Freight Line Inc., average receivable collection period calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data
Receivables turnover
Short-term Activity Ratio (no. days)
Average receivable collection period1
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
FedEx Corp.
Uber Technologies Inc.
Union Pacific Corp.
United Parcel Service Inc.
Average Receivable Collection Period, Sector
Transportation
Average Receivable Collection Period, Industry
Industrials

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
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ =

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Old Dominion Freight Line Inc. number of days of receivables outstanding improved from 2020 to 2021 and from 2021 to 2022.

Average Payables Payment Period

Old Dominion Freight Line Inc., average payables payment period calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data
Payables turnover
Short-term Activity Ratio (no. days)
Average payables payment period1
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
FedEx Corp.
Uber Technologies Inc.
Union Pacific Corp.
United Parcel Service Inc.
Average Payables Payment Period, Sector
Transportation
Average Payables Payment Period, Industry
Industrials

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
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ =

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period.