Old Dominion Freight Line Inc (ODFL)

Number of days of payables

		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
Payables turnover		29.16	27.96	33.43	27.39	31.03	27.42	23.90	26.79	36.49	21.29	30.13	29.17	37.30	43.51	50.47	48.23	37.77	31.88	30.38	32.38
Number of days of payables	days	12.52	13.05	10.92	13.32	11.76	13.31	15.27	13.62	10.00	17.15	12.12	12.51	9.79	8.39	7.23	7.57	9.66	11.45	12.02	11.27

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 29.16
= 12.52

Unfortunately, the data provided does not include the number of days of payables for Old Dominion Freight Line, Inc. across the mentioned periods. As a result, a detailed analysis of the trend or changes in the number of days of payables over time cannot be conducted. Without this information, it is not possible to assess the company's ability to manage its payables effectively or its liquidity position in relation to its suppliers.

To provide a comprehensive analysis, it would be necessary to have access to the specific figures for each period indicated in the table in order to calculate the number of days of payables and identify any patterns or fluctuations. This ratio is crucial for understanding how efficiently the company is managing its trade credit obligations and could provide insights into its cash flow management and supplier relationships.

In the absence of the actual data, further conclusions or recommendations regarding Old Dominion Freight Line, Inc.'s number of days of payables cannot be made at this time.