Old Tax Provision vs Net Interest Income 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 Tax Provision and its Net Interest Income 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.
Tax Provision vs Net Interest Income
Tax Provision vs Net Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Old Dominion Freight Tax Provision account and Net Interest Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Old Dominion's Tax Provision and Net Interest Income is 0.59. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Net Interest Income 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 Tax Provision and Net Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Old Dominion Freight are associated (or correlated) with its Net Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Interest Income has no effect on the direction of Tax Provision i.e., Old Dominion's Tax Provision and Net Interest Income go up and down completely randomly.
Correlation Coefficient | 0.59 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.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
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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 | 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 |
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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.