Old Dominion Freight Line Inc (ODFL)
Return on total capital
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 1,543,998 | 1,630,989 | 1,674,147 | 1,644,050 | 1,640,673 | 1,649,891 | 1,700,952 | 1,818,063 | 1,840,632 | 1,782,894 | 1,670,224 | 1,527,563 | 1,391,602 | 1,273,413 | 1,160,247 | 993,369 | 906,882 | 840,844 | 788,127 | 823,450 |
| Long-term debt | US$ in thousands | 56,500 | 57,300 | 56,000 | 74,500 | 75,400 | 72,300 | 74,000 | 94,200 | 92,600 | 89,600 | 94,700 | 98,100 | 104,500 | 104,800 | 104,000 | 104,700 | 105,400 | 151,100 | 150,400 | 45,500 |
| Total stockholders’ equity | US$ in thousands | 4,244,590 | 4,175,740 | 4,111,900 | 4,401,640 | 4,257,810 | 4,063,120 | 3,832,040 | 3,746,500 | 3,652,920 | 3,558,170 | 3,555,830 | 3,503,310 | 3,679,810 | 3,419,900 | 3,402,380 | 3,191,920 | 3,326,290 | 3,170,830 | 2,982,470 | 3,016,050 |
| Return on total capital | 35.90% | 38.53% | 40.17% | 36.73% | 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% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,543,998K ÷ ($56,500K + $4,244,590K)
= 35.90%
Old Dominion Freight Line Inc.'s return on total capital has shown a generally positive trend over the analyzed period, starting at 26.90% in March 2020 and reaching a peak of 49.14% by December 2022. The company's return on total capital experienced a notable increase from March 2021 to December 2022, with a significant surge from 30.13% to 49.14%.
However, the return on total capital witnessed a decline after December 2022, dropping to 35.90% by the end of December 2024. Despite the fluctuations in the latter part of the period, Old Dominion Freight Line Inc. maintained a relatively high return on total capital compared to the initial values.
Overall, the company has demonstrated effective capital allocation and utilization during the reviewed period, although the downward trend towards the end of the period may warrant further analysis to assess the factors influencing this decrease in return on total capital.
Peer comparison
Dec 31, 2024