Old Dominion Freight Line Inc (ODFL)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		—	—	—	—	—
DOH	days	—	—	—	—	—

December 31, 2023 calculation

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

Unfortunately, without the specific numerical values for the days of inventory on hand (DOH) provided in the table, I am unable to provide a detailed analysis of Old Dominion Freight Line, Inc.'s DOH trend over the past five years.

However, DOH is a crucial metric that indicates how many days, on average, a company holds inventory before selling it. A lower DOH typically suggests efficient inventory management, as it implies faster turnover and reduced holding costs. Conversely, a higher DOH may indicate slow-moving inventory or potential obsolescence risks.

To assess Old Dominion Freight Line, Inc.'s DOH, it would be necessary to examine the actual values for each year and compare them over time to identify any trends or deviations. This analysis could help determine the company's effectiveness in managing its inventory levels and optimizing its supply chain operations.