Old Dominion Freight Line Inc (ODFL)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		—	—	—	—	—
DOH	days	—	—	—	—	—

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

Given that the days of inventory on hand (DOH) for Old Dominion Freight Line Inc are not provided for the years 2020, 2021, 2022, 2023, and 2024, it is challenging to assess the efficiency of the company's inventory management. DOH is a crucial ratio that indicates how long, on average, it takes for a company to sell its inventory.

Without the specific values for DOH, it is not possible to determine if Old Dominion Freight Line Inc is holding excess inventory, potentially leading to increased storage costs and obsolescence risks. Additionally, a low DOH could suggest efficient inventory turnover, which may result in increased liquidity and improved working capital management.

In conclusion, the absence of DOH data for the provided years limits our ability to evaluate Old Dominion Freight Line Inc's inventory management effectiveness accurately. Further information or historical trends would be necessary to draw more insightful conclusions regarding the company's inventory handling practices.