Old Dominion Freight Line Inc (ODFL)

Inventory turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	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	2,653,734	2,590,555	2,585,784	2,570,602
Inventory	US$ in thousands	-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	-408,165	-438,075	-458,145	-455,333
Inventory turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,288,590K ÷ $-17,884K
= —

Unfortunately, without the specific data for inventory levels and cost of goods sold, the inventory turnover ratio for Old Dominion Freight Line, Inc. cannot be calculated or analyzed for any of the quarters provided. The inventory turnover ratio is a key metric that measures how many times a company's inventory is sold and replaced over a specific period, indicating the efficiency of inventory management. To conduct a comprehensive analysis, it is vital to have access to both the opening and closing inventory balances along with the cost of goods sold figures for each quarter.