Old Dominion Freight Line Inc (ODFL)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		36.70	29.16	31.03	36.49	37.30
Number of days of payables	days	9.95	12.52	11.76	10.00	9.79

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 36.70
= 9.95

Old Dominion Freight Line Inc's number of days of payables has shown fluctuations over the years based on the data provided. The company's payables were at 9.79 days as of December 31, 2020, increased slightly to 10.00 days by December 31, 2021, rose further to 11.76 days by December 31, 2022, climbed to 12.52 days by December 31, 2023, and then decreased to 9.95 days by December 31, 2024. This trend indicates that the company's payment terms to its suppliers have been varying, demonstrating different levels of liquidity and working capital management strategies over the years. It is important for investors and analysts to monitor these changes to assess the company's efficiency in managing its payables and cash flow.