Martin Marietta Materials Inc (MLM)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,536,000 | 6,512,200 | 6,617,300 | 6,674,100 | 6,777,200 | 6,645,500 | 6,463,100 | 6,284,000 | 6,160,700 | 6,180,600 | 5,926,200 | 5,662,400 | 5,414,000 | 5,097,200 | 4,861,300 | 4,754,000 | 4,729,800 | 4,650,630 | 4,749,480 | 4,758,350 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 6,727,600 | 6,697,200 | 6,279,500 | 6,700,200 | 6,551,100 | 6,566,600 | 6,208,900 | 6,764,700 | 5,610,500 | 5,983,300 | 5,335,400 | 5,242,300 | 5,180,500 | 5,160,500 | 5,185,400 |
| Fixed asset turnover | — | — | — | — | — | 0.99 | 0.97 | 1.00 | 0.92 | 0.94 | 0.90 | 0.91 | 0.80 | 0.91 | 0.81 | 0.89 | 0.90 | 0.90 | 0.92 | 0.92 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,536,000K ÷ $—K
= —
The fixed asset turnover ratio of Martin Marietta Materials Inc has exhibited fluctuations over the past few years. It stood at around 0.92 in the first half of 2020 and gradually declined to 0.80 by the end of December 2021. This decrease indicates that the company generated fewer revenues relative to its investment in fixed assets during this period.
However, there was a notable improvement in the fixed asset turnover ratio in the first half of the year 2023, reaching 1.00 by March 31, 2023. This increase suggests that the company was more efficient in utilizing its fixed assets to generate revenue during this period.
Overall, the trend in the fixed asset turnover ratio of Martin Marietta Materials Inc reflects fluctuations in the efficiency of the company's asset utilization over the analyzed period. It will be essential to monitor future periods to assess whether the company can sustain or improve its efficiency in generating sales from its fixed assets.
Peer comparison
Dec 31, 2024