Martin Marietta Materials Inc (MLM)

Days of sales outstanding (DSO)

		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
Receivables turnover		8.57	6.18	6.43	7.67	7.45	5.94	5.60	7.25	6.66	6.20	6.58	8.24	7.86	6.60	6.70	8.23	7.81	5.97	6.13	7.77
DSO	days	42.60	59.02	56.79	47.57	49.00	61.45	65.13	50.34	54.77	58.84	55.43	44.30	46.46	55.30	54.48	44.35	46.76	61.16	59.56	46.98

December 31, 2023 calculation

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

The days of sales outstanding (DSO) for Martin Marietta Materials, Inc. has shown some fluctuations over the past eight quarters. In Q4 2023, the DSO decreased to 40.57 days from 57.53 days in Q3 2023. This indicates that the company was able to collect its accounts receivable more efficiently in the most recent quarter.

Comparing Q4 2023 to the same period in the previous year, there has been a slight improvement as the DSO decreased from 46.56 days in Q4 2022 to 40.57 days in Q4 2023. This suggests a more efficient management of accounts receivable over the year.

Overall, while there are fluctuations in the DSO over the quarters, the trend seems to show a general improvement in the collection efficiency of Martin Marietta Materials, Inc. towards the end of 2023 compared to the previous quarters and the same period in the previous year.