Martin Marietta Materials Inc (MLM)
Total 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 |
| Total assets | US$ in thousands | 18,170,000 | 16,469,000 | 16,333,000 | 16,240,000 | 15,479,700 | 14,917,800 | 15,246,200 | 14,890,900 | 14,993,600 | 14,729,700 | 14,542,800 | 14,241,500 | 14,393,000 | 13,786,200 | 11,223,100 | 10,659,300 | 10,580,800 | 10,435,400 | 10,226,600 | 10,503,400 |
| Total asset turnover | 0.36 | 0.40 | 0.41 | 0.41 | 0.44 | 0.45 | 0.42 | 0.42 | 0.41 | 0.42 | 0.41 | 0.40 | 0.38 | 0.37 | 0.43 | 0.45 | 0.45 | 0.45 | 0.46 | 0.45 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,536,000K ÷ $18,170,000K
= 0.36
The total asset turnover ratio of Martin Marietta Materials Inc has shown fluctuations over the past few years, ranging from 0.36 to 0.46. This ratio measures the efficiency of the company in generating revenue from its total assets. A higher ratio indicates that the company is effectively utilizing its assets to generate sales.
From the data provided, we can observe that the total asset turnover ratio has generally hovered around the 0.4 mark, with some slight variations. The ratio decreased from 0.45 in March 2020 to 0.37 in September 2021, before gradually recovering to 0.44 by December 2023. However, it experienced a decline to 0.36 by December 2024.
Overall, the trend suggests that Martin Marietta Materials Inc may have faced challenges in efficiently utilizing its assets to generate revenue during certain periods. Further analysis of the company's operations and management strategies may be needed to understand the factors impacting its total asset turnover ratio.
Peer comparison
Dec 31, 2024