Martin Marietta Materials Inc (MLM)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.18 | 4.81 | 5.42 | 5.40 | 4.90 | |
| DOH | days | 87.37 | 75.89 | 67.32 | 67.57 | 74.43 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.18
= 87.37
The days of inventory on hand (DOH) for Martin Marietta Materials Inc has shown a slight decrease from 74.43 days as of December 31, 2020, to 67.57 days as of December 31, 2021. This decrease continued into the following year, with DOH being 67.32 days as of December 31, 2022.
However, there was a notable increase in DOH to 75.89 days as of December 31, 2023, indicating that the company may be holding inventory for a longer period. Subsequently, DOH rose further to 87.37 days as of December 31, 2024, which suggests a potential inefficiency in managing inventory levels.
Overall, the trend in DOH for Martin Marietta Materials Inc fluctuated over the years, showing a mixed performance in inventory management efficiency. It is important for the company to monitor and optimize its inventory levels to ensure a healthy balance between avoiding stockouts and excessive holding costs.
Peer comparison
Dec 31, 2024