Old Dominion Freight Line Inc (ODFL)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,288,590 | 3,297,910 | 3,011,120 | 2,555,300 | 2,661,030 |
| Inventory | US$ in thousands | -17,884 | -605,129 | -605,129 | -599,102 | -454,222 |
| Inventory turnover | — | — | — | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $3,288,590K ÷ $-17,884K
= —
To calculate Old Dominion Freight Line, Inc.'s inventory turnover ratio, we need the cost of goods sold (COGS) and average inventory figures for the years provided. As the necessary data is not available in the table, it is not possible to compute the inventory turnover ratio for any of the years mentioned. The inventory turnover ratio is a key metric that measures how efficiently a company manages its inventory levels and generates sales from its inventory. A higher inventory turnover ratio typically indicates better efficiency in selling inventory and converting it into sales. Without the relevant figures, a comprehensive analysis of Old Dominion Freight Line, Inc.'s inventory turnover performance cannot be conducted.
Peer comparison
Dec 31, 2023