Martin Marietta Materials Inc (MLM)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,536,000 | 6,777,200 | 6,160,700 | 5,414,000 | 4,729,900 |
| Property, plant and equipment | US$ in thousands | — | — | 6,700,200 | 6,764,700 | 5,242,300 |
| Fixed asset turnover | — | — | 0.92 | 0.80 | 0.90 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,536,000K ÷ $—K
= —
The fixed asset turnover ratio of Martin Marietta Materials Inc has shown some variation over the years. In 2020, the ratio was 0.90, indicating that the company generated $0.90 in net sales for every dollar invested in fixed assets.
In 2021, the ratio decreased to 0.80, suggesting a decline in the efficiency of utilizing fixed assets to generate revenue. However, in 2022, the ratio improved to 0.92, showing a better utilization of fixed assets to generate sales.
The lack of data for 2023 and 2024 prevents a complete analysis for those years. It is important for the company to monitor and manage its fixed asset turnover ratio to ensure optimal utilization of assets and operating efficiency.
Peer comparison
Dec 31, 2024