Martin Marietta Materials Inc (MLM)

Days of inventory on hand (DOH)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		5.41	5.35	5.55	5.54	6.03	6.44	6.10	6.21	6.07	5.86	5.46	5.60	5.46	5.37	5.51	5.66	5.71	5.96	5.83	5.80
DOH	days	67.53	68.26	65.71	65.94	60.52	56.68	59.86	58.81	60.09	62.28	66.79	65.22	66.91	67.94	66.23	64.52	63.95	61.21	62.57	62.98

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.41
= 67.53

The days of inventory on hand (DOH) for Martin Marietta Materials, Inc. have shown a fluctuating trend over the past eight quarters. In Q4 2023, the DOH was 75.89 days, which was slightly lower compared to the previous quarter's DOH of 76.28 days. This indicates that the company was holding inventory for a slightly shorter period in Q4 2023.

Compared to the same quarter in the previous year (Q4 2022), the DOH has increased from 67.32 days to 75.89 days, suggesting that Martin Marietta Materials, Inc. may be holding inventory for a longer duration in the most recent quarter.

Overall, the company's DOH has shown some variability, with fluctuations in inventory management efficiency. Further analysis and comparison with industry benchmarks may provide more insights into the company's inventory management practices and performance.