Old Current Deferred Revenue vs Net Working Capital Analysis
| ODFL Stock | USD 218.39 4.06 1.89% |
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 Current Deferred Revenue and its Net Working Capital 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 closely tied with the direction of predictive economic indicators such as signals in census.
Current Deferred Revenue vs Net Working Capital
Current Deferred Revenue vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Old Dominion Freight Current Deferred Revenue account and Net Working Capital. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Old Dominion's Current Deferred Revenue and Net Working Capital is 0.52. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Net Working Capital 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 Current Deferred Revenue and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Old Dominion Freight are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Current Deferred Revenue i.e., Old Dominion's Current Deferred Revenue and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.52 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Net Working Capital
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 closely tied 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 23.48 this year, although the value of Tax Provision will most likely fall to about 287.5 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.8B | 2.3B | 2.1B | 2.2B | Total Revenue | 5.3B | 6.3B | 5.9B | 6.2B |
Old Dominion fundamental ratios Correlations
Click cells to compare fundamentals
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 | 99.9M | 112.9M | 119.9M | 100.0M | 200.4M | 138.0M | |
| Other Current Liab | 304.6M | 381.7M | 93.0M | 403.5M | 411.9M | 432.5M | |
| 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) | 157.3M | 165.1M | |
| 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 | 511.6M | 666.8M | 698.1M | 92.9M | 94.2M | 183.7M | |
| 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 |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck 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 closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Cargo Ground Transportation space 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 (0.07) | Dividend Share 0.98 | Earnings Share 5.72 | Revenue Per Share 27.363 | Quarterly Revenue Growth (0.03) |
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.