Old Dominion Freight Line Inc (ODFL)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	2,597,016	2,631,624	2,724,194	2,929,030	2,964,214	2,885,271	2,715,305	2,471,006	2,244,991	2,043,700	1,836,098	1,573,137	1,459,268	2,102,736	2,082,895	2,176,948	2,183,741	2,201,471	2,216,018	2,204,032
Revenue (ttm)	US$ in thousands	5,885,610	5,867,450	5,955,860	6,210,120	6,262,120	6,180,360	5,976,720	5,628,680	5,256,110	4,918,280	4,576,400	4,153,200	4,014,576	3,950,876	3,941,166	4,105,626	4,108,645	4,126,375	4,136,145	4,108,975
Gross profit margin		44.12%	44.85%	45.74%	47.17%	47.34%	46.68%	45.43%	43.90%	42.71%	41.55%	40.12%	37.88%	36.35%	53.22%	52.85%	53.02%	53.15%	53.35%	53.58%	53.64%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,597,016K ÷ $5,885,610K
= 44.12%

Old Dominion Freight Line, Inc. has consistently maintained a 100.00% gross profit margin across all quarters in the provided data. This indicates that the company is effectively managing its production costs and generating a high level of revenue relative to its cost of goods sold. A gross profit margin of 100.00% suggests that the company is able to sell its products or services at a price significantly higher than the cost of producing them. This may reflect operational efficiency, pricing strategies, or a unique competitive advantage in the industry. Overall, a consistently high gross profit margin is a positive indicator of the company's profitability and financial health.