Martin Marietta Materials Inc (MLM)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,658,000 | 4,754,600 | 4,737,400 | 4,065,600 | 3,477,100 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $4,658,000K ÷ $—K
= —
Based on the data provided, Martin Marietta Materials Inc's payables turnover ratio for the years 2020, 2021, 2022, 2023, and 2024 is shown as "—". This indicates that specific information regarding the company's payables turnover ratio is not available for these periods.
The payables turnover ratio is a financial metric that demonstrates how efficiently a company manages its payments to suppliers. A higher payables turnover ratio typically indicates that the company is paying off its suppliers quickly, while a lower ratio may suggest that the company takes longer to settle its payables.
Without the specific values for Martin Marietta Materials Inc's payables turnover ratio, it is challenging to provide a detailed analysis of how the company is managing its payables in comparison to its industry peers or historical performance. It is crucial for stakeholders to monitor this ratio over time to assess the company's liquidity management and supplier relationships.
Peer comparison
Dec 31, 2024