Old Dominion Freight Line (Old Dominion Freight Line) Accounts Receivable : $579 Mil (As of Dec. 2023)

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What is Old Dominion Freight Line Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Old Dominion Freight Line's accounts receivables for the quarter that ended in Dec. 2023 was $579 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Old Dominion Freight Line's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 35.32.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Old Dominion Freight Line's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-1.77.

Old Dominion Freight Line Accounts Receivable Historical Data

The historical data trend for Old Dominion Freight Line's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Old Dominion Freight Line Accounts Receivable Chart

Old Dominion Freight Line Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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397.58

444.65

567.47

578.65

578.89

Old Dominion Freight Line Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															564.49	543.77	632.87	578.89	-

Old Dominion Freight Line Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Old Dominion Freight Line Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Old Dominion Freight Line's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	578.885	/	1495.55	*	91
=	35.32

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Old Dominion Freight Line's accounts receivable are only considered to be worth 75% of book value:

Old Dominion Freight Line's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(433.799	+	0.75 * 578.885	+	0.5 * 0	-	1254.582
-	0	-	0)	/	217.931
=	-1.77

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Old Dominion Freight Line Accounts Receivable Related Terms

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Old Dominion Freight Line (Old Dominion Freight Line) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Old Dominion Freight Line Inc (NAS:ODFL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

ODFL:Mexico ODF:Germany ODF:Germany O1DF34:Brazil

Address

500 Old Dominion Way, Thomasville, NC, USA, 27360

Website

https://www.odfl.com

Old Dominion Freight Line is the second-largest less than truckload carrier in the United States, with more than 250 service centers and 11,000-plus tractors. It is one of the most disciplined and efficient providers in the trucking industry, and its profitability and capital returns stand head and shoulders above its peers. Strategic initiatives revolve around increasing network density through market share gains and maintaining industry-leading service via steadfast infrastructure investment.

Executives

David S Congdon	director, 10 percent owner, officer: President and COO	C/O OLD DOMINION FREIGHT LINE, INC., 500 OLD DOMINION WAY, THOMASVILLE NC 27360
Stith Thomas A. Iii	director	500 OLD DOMINION WAY, THOMASVILLE NC 27360
Steven W. Hartsell	officer: SVP - Sales	500 OLD DOMINION WAY, THOMASVILLE NC 27360
Andrew Stephen Davis	director	500 OLD DOMINION WAY, THOMASVILLE NC 27360
Christopher James Kelley	officer: SVP - Operations	500 OLD DOMINION WAY, THOMASVILLE NC 27360
Bradley R Gabosch	director	500 OLD DOMINION WAY, THOMASVILLE NC 27360
David J. Bates	officer: SVP - Operations	C/O XPO, INC., FIVE AMERICAN LANE, GREENWICH CT 06831
Leo H Suggs	director	UNION PACIFIC CORP, 1416 DODGE ST, OMAHA NE 68179
D. Michael Wray	director	7205 PINETREE ROAD, RICHMOND VA 23229
Gregory B Plemmons	officer: SVP - Sales	500 OLD DOMINION WAY, THOMASVILLE NC 27360
Wendy T. Stallings	director	500 OLD DOMINION WAY, THOMASVILLE NC 27360
Earl E Congdon	director, officer: Chairman of the Board and CEO	C/O OLD DOMINION FREIGHT LINE, INC., 500 OLD DOMINION WAY, THOMASVILLE NC 27360
Sherry A Aaholm	director	500 JACKSON STREET, COLUMBUS IN 47201
Christopher T Brooks	officer: SVP - Human Resources & Safety	500 OLD DOMINION WAY, THOMASVILLE NC 27360
Kimberly S Maready	officer: VP - Accounting & Fin. (PAO)	500 OLD DOMINION WAY, THOMASVILLE NC 27360