Old Net Debt vs Asset Turnover Analysis
ODFL Stock | USD 175.25 2.21 1.28% |
Old Dominion financial indicator trend analysis is much more than just breaking down Old Dominion Freight prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Old Dominion Freight is a good investment. Please check the relationship between Old Dominion Net Debt and its Asset Turnover accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old Dominion Freight. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
Net Debt vs Asset Turnover
Net Debt vs Asset Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Old Dominion Freight Net Debt account and Asset Turnover. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Old Dominion's Net Debt and Asset Turnover is 0.16. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Old Dominion Freight, assuming nothing else is changed. The correlation between historical values of Old Dominion's Net Debt and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Old Dominion Freight are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Net Debt i.e., Old Dominion's Net Debt and Asset Turnover go up and down completely randomly.
Correlation Coefficient | 0.16 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Most indicators from Old Dominion's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Old Dominion Freight current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old Dominion Freight. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. At this time, Old Dominion's Selling General Administrative is quite stable compared to the past year. Enterprise Value Over EBITDA is expected to rise to 23.57 this year, although the value of Tax Provision will most likely fall to about 287.5 M.
2020 | 2021 | 2023 | 2024 (projected) | Gross Profit | 1.8B | 2.3B | 2.0B | 2.1B | Total Revenue | 5.3B | 6.3B | 5.9B | 6.2B |
Old Dominion fundamental ratios Correlations
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Old Dominion Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Old Dominion fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 241.2M | 237.0M | 232.8M | 226.2M | 220.2M | 142.7M | |
Total Assets | 3.5B | 4.4B | 4.8B | 4.8B | 5.5B | 5.8B | |
Short Long Term Debt Total | 45M | 99.9M | 99.9M | 100.0M | 200.4M | 136.9M | |
Other Current Liab | 304.6M | 381.7M | 93.0M | 509.8M | 509.1M | 534.5M | |
Total Current Liabilities | 356.7M | 373.1M | 464.2M | 529.8M | 544.7M | 571.9M | |
Total Stockholder Equity | 2.7B | 3.3B | 3.7B | 3.7B | 4.3B | 4.5B | |
Property Plant And Equipment Net | 2.8B | 2.9B | 3.2B | 3.7B | 4.2B | 4.4B | |
Net Debt | (145.3M) | (301.5M) | (362.6M) | (86.3M) | (233.4M) | (221.8M) | |
Retained Earnings | 2.5B | 3.1B | 3.5B | 3.4B | 4.0B | 4.2B | |
Accounts Payable | 78.5M | 68.5M | 82.5M | 106.3M | 112.8M | 118.4M | |
Cash | 190.3M | 401.4M | 462.6M | 186.3M | 433.8M | 455.5M | |
Non Current Assets Total | 2.8B | 3.1B | 3.4B | 3.9B | 4.4B | 4.6B | |
Non Currrent Assets Other | 84.1M | (8.2M) | (26.6M) | (92.7M) | (205.9M) | (195.6M) | |
Cash And Short Term Investments | 190.3M | 731.7M | 717.0M | 235.7M | 433.8M | 455.5M | |
Net Receivables | 468.3M | 454.2M | 599.1M | 605.1M | 615.3M | 646.1M | |
Liabilities And Stockholders Equity | 3.5B | 4.4B | 4.8B | 4.8B | 5.5B | 5.8B | |
Non Current Liabilities Total | 508.1M | 670.0M | 677.5M | 655.9M | 709.9M | 745.4M | |
Inventory | (468.3M) | (454.2M) | (599.1M) | (605.1M) | (17.9M) | (18.8M) | |
Other Current Assets | 515.9M | 511.6M | 666.8M | 698.1M | 94.2M | 89.5M | |
Other Stockholder Equity | 1.5B | 226.5M | 174.4M | 244.6M | 243.0M | 475.8M | |
Total Liab | 864.8M | 1.0B | 1.1B | 1.2B | 1.3B | 1.3B | |
Total Current Assets | 706.2M | 1.2B | 1.4B | 933.7M | 1.1B | 1.2B | |
Common Stock Total Equity | 8.0M | 11.7M | 11.5M | 11.0M | 12.7M | 13.3M | |
Property Plant And Equipment Gross | 3.0B | 2.9B | 5.1B | 5.8B | 6.2B | 6.6B | |
Common Stock | 8.1M | 11.7M | 11.5M | 11.0M | 10.9M | 6.1M | |
Other Liab | 447.7M | 570.1M | 577.6M | 495.1M | 569.4M | 597.9M | |
Other Assets | 75.1M | 2.7B | 222.1M | 122.6M | 1.0 | 0.95 | |
Property Plant Equipment | 3.0B | 2.9B | 3.2B | 3.7B | 4.2B | 4.5B | |
Net Tangible Assets | 3.1B | 3.3B | 3.7B | 3.7B | 4.2B | 2.3B | |
Retained Earnings Total Equity | 2.9B | 3.1B | 3.5B | 3.4B | 3.9B | 2.1B | |
Capital Surpluse | 222.4M | 226.5M | 174.4M | 244.6M | 281.3M | 173.3M | |
Deferred Long Term Liab | 262.0M | 220.2M | 248.7M | 310.5M | 357.1M | 234.8M |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old Dominion Freight. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Old Dominion Freight information on this page should be used as a complementary analysis to other Old Dominion's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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When running Old Dominion's price analysis, check to measure Old Dominion's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Old Dominion is operating at the current time. Most of Old Dominion's value examination focuses on studying past and present price action to predict the probability of Old Dominion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Old Dominion's price. Additionally, you may evaluate how the addition of Old Dominion to your portfolios can decrease your overall portfolio volatility.
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Is Old Dominion's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Old Dominion. If investors know Old will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Old Dominion listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.039 | Dividend Share 0.86 | Earnings Share 5.73 | Revenue Per Share 26.959 | Quarterly Revenue Growth 0.012 |
The market value of Old Dominion Freight is measured differently than its book value, which is the value of Old that is recorded on the company's balance sheet. Investors also form their own opinion of Old Dominion's value that differs from its market value or its book value, called intrinsic value, which is Old Dominion's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Old Dominion's market value can be influenced by many factors that don't directly affect Old Dominion's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Old Dominion's value and its price as these two are different measures arrived at by different means. Investors typically determine if Old Dominion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Old Dominion's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.