Martin Marietta Materials Inc (MLM)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		8.57	7.44	6.69	7.98	7.81
DSO	days	42.60	49.03	54.53	45.77	46.73

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.57
= 42.60

Martin Marietta Materials, Inc.'s days of sales outstanding (DSO) have shown a decreasing trend over the past five years. In 2023, the DSO was 40.57 days, down from 46.56 days in 2022 and 52.18 days in 2021. This indicates that the company is collecting its accounts receivable more efficiently, potentially improving its cash flow position. However, it is essential to monitor this trend closely to ensure that it is sustainable and not impacting the company's relationships with customers or sales performance.