Old Dominion Freight Line Inc (ODFL)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	3,369,560	3,288,590	3,297,910	3,011,120	2,555,300
Inventory	US$ in thousands	—	-17,884	-605,129	-605,129	-599,102
Inventory turnover		—	—	—	—	—

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $3,369,560K ÷ $—K
= —

The inventory turnover ratio for Old Dominion Freight Line Inc cannot be determined based on the provided data for the years 2020, 2021, 2022, 2023, and 2024. The inventory turnover ratio is a critical metric that assesses how efficiently a company is managing its inventory by measuring the number of times inventory is sold and replaced within a specific period.

Without access to the inventory values or cost of goods sold for the given years, it is not possible to calculate the inventory turnover ratio for Old Dominion Freight Line Inc. The ratio is typically calculated by dividing the cost of goods sold by the average inventory balance for the period.

A higher inventory turnover ratio generally indicates that a company is selling goods quickly and efficiently, minimizing the risk of inventory obsolescence and carrying costs. Conversely, a low inventory turnover ratio may signify slow-moving inventory, overstocking, or inefficiencies in the management of inventory levels.

It is recommended to obtain specific financial data related to cost of goods sold and inventory balances to accurately calculate and analyze Old Dominion Freight Line Inc's inventory turnover ratio for further insight into the company's operational efficiency and inventory management practices.