Martin Marietta Materials Inc (MLM)
Total 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 |
| Total assets | US$ in thousands | 18,170,000 | 15,124,900 | 14,993,600 | 14,393,000 | 10,580,800 |
| Total asset turnover | 0.36 | 0.45 | 0.41 | 0.38 | 0.45 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,536,000K ÷ $18,170,000K
= 0.36
Martin Marietta Materials Inc's total asset turnover has fluctuated over the past five years. In 2020, the company achieved a total asset turnover of 0.45, indicating that it generated $0.45 in sales for every dollar of assets held. This ratio decreased to 0.38 in 2021, suggesting a decline in efficiency in utilizing its assets to generate revenue.
However, there was a slight improvement in 2022 with a total asset turnover of 0.41, followed by a return to the 2020 level of 0.45 in 2023. The ratio then decreased to 0.36 in 2024, indicating a decrease in asset efficiency in generating sales.
Overall, Martin Marietta Materials Inc's total asset turnover has shown some variability, with a general trend of fluctuation rather than a consistent increase or decrease in asset utilization efficiency over the past five years.
Peer comparison
Dec 31, 2024