Old Dominion Freight Line Inc (ODFL)
Profitability ratios
Return on sales
| 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 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% |
| Operating profit margin | 27.88% | 28.12% | 28.56% | 29.28% | 29.39% | 28.85% | 27.95% | 27.14% | 26.48% | 25.89% | 25.35% | 23.92% | 22.59% | 21.28% | 20.00% | 20.06% | 19.93% | 20.58% | 20.80% | 20.59% |
| Pretax margin | 28.00% | 28.20% | 28.61% | 29.31% | 29.40% | 28.82% | 27.91% | 27.08% | 26.42% | 25.82% | 25.25% | 23.84% | 22.45% | 21.20% | 19.99% | 20.08% | 20.05% | 20.64% | 20.85% | 20.65% |
| Net profit margin | 21.06% | 21.14% | 21.47% | 21.94% | 21.99% | 21.55% | 20.77% | 20.16% | 19.68% | 19.22% | 18.81% | 17.79% | 16.76% | 15.87% | 14.95% | 14.99% | 14.98% | 15.29% | 15.48% | 15.32% |
Old Dominion Freight Line, Inc.'s profitability ratios consistently demonstrate strong performance over the quarters provided. The company maintained a perfect gross profit margin of 100% across all quarters, indicating efficient cost control and pricing strategies.
In terms of operating profit margin, the company recorded figures ranging from 27.97% to 29.40%, with a slight fluctuation between quarters. This suggests effective management of operating expenses and revenue generation activities.
Furthermore, the pretax margin remained robust, with values fluctuating between 27.09% and 29.41%. This indicates efficient management of taxes and other non-operating expenses, contributing to overall profitability.
Net profit margin, reflecting the company's bottom line profitability, ranged from 20.17% to 22.00% consistently across the quarters. This performance indicates effective control over expenses and solid revenue generation, resulting in healthy profitability levels for Old Dominion Freight Line, Inc.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 29.76% | 31.14% | 34.16% | 36.68% | 38.04% | 37.06% | 34.84% | 32.35% | 28.86% | 27.60% | 25.59% | 22.83% | 20.76% | 19.67% | 19.32% | 20.93% | 20.49% | 21.82% | 22.88% | 22.84% |
| Return on assets (ROA) | 22.49% | 23.41% | 25.68% | 27.48% | 28.46% | 27.69% | 25.89% | 24.03% | 21.45% | 20.49% | 18.98% | 16.98% | 15.40% | 14.67% | 14.44% | 15.64% | 15.41% | 16.21% | 17.04% | 17.00% |
| Return on total capital | 37.86% | 39.90% | 43.55% | 47.34% | 49.14% | 48.88% | 45.75% | 42.42% | 36.77% | 36.13% | 33.09% | 30.13% | 26.43% | 25.31% | 25.16% | 26.90% | 26.58% | 28.73% | 30.24% | 30.04% |
| Return on equity (ROE) | 29.11% | 30.53% | 33.37% | 36.37% | 37.70% | 37.44% | 34.91% | 32.39% | 28.11% | 27.64% | 25.30% | 23.15% | 20.22% | 19.77% | 19.75% | 20.40% | 19.98% | 21.69% | 22.88% | 22.73% |
Old Dominion Freight Line, Inc. has shown strong and consistent profitability ratios over the quarters analyzed. The Operating return on assets (Operating ROA) has ranged from 29.76% to 36.68%, indicating the company's ability to generate profits from its operating activities. The Return on assets (ROA) has also been impressive, ranging from 22.49% to 27.48%, showcasing the company's efficiency in utilizing its assets to generate profits.
Furthermore, the Return on total capital has consistently been high, ranging from 37.82% to 47.27%, indicating that Old Dominion Freight Line has effectively utilized its total capital to generate returns for its investors. The Return on equity (ROE) has also been commendable, ranging from 29.11% to 36.37%, showing the company's ability to generate profits for its shareholders.
Overall, Old Dominion Freight Line, Inc. has demonstrated strong profitability ratios across the quarters, reflecting its efficient operations and effective utilization of assets and capital to generate returns.
See also:
Old Dominion Freight Line Inc Profitability Ratios (Quarterly Data)