Old Dominion Freight Line Inc (ODFL)

Inventory turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cost of revenue (ttm)	US$ in thousands	3,369,558	3,381,069	3,360,287	3,314,770	3,288,590	3,235,823	3,231,666	3,281,089	3,297,909	3,295,094	3,261,416	3,157,676	3,011,118	2,874,575	2,740,297	2,580,059	2,555,302	2,576,973	2,587,105	2,657,508
Inventory	US$ in thousands	—	—	—	-682,686	-17,884	-663,727	-568,746	-579,879	-605,129	-653,794	-701,367	-681,389	-599,102	-654,049	-600,056	-505,678	-454,222	-462,924	-395,785	-427,613
Inventory turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,369,558K ÷ $—K
= —

The inventory turnover ratio for Old Dominion Freight Line Inc is not available for the periods specified in the data provided. The inventory turnover ratio is a key financial metric that indicates how many times a company's inventory is sold and replaced over a specific period. It is calculated by dividing the cost of goods sold by the average inventory for the period.

Without the actual figures for inventory turnover, it is challenging to assess how efficiently Old Dominion Freight Line Inc is managing its inventory. A high inventory turnover ratio generally indicates strong sales and efficient inventory management, while a low ratio may suggest excess or obsolete inventory.

In the absence of specific data points, it is important for stakeholders to monitor the inventory turnover ratio over time to evaluate the company's operational performance and effectiveness in managing its inventory levels. A consistent and healthy inventory turnover ratio is essential for maintaining profitability and liquidity in the business.