Martin Marietta Materials Inc (MLM)
Working capital 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 current assets | US$ in thousands | 2,542,000 | 2,319,000 | 2,229,000 | 4,518,000 | 3,918,900 | 2,817,400 | 3,192,300 | 2,812,700 | 2,876,900 | 2,847,300 | 2,760,300 | 1,987,500 | 2,025,600 | 4,000,700 | 1,616,300 | 1,675,700 | 1,668,300 | 1,652,800 | 1,587,100 | 1,833,000 |
| Total current liabilities | US$ in thousands | 5,288,000 | 993,000 | 1,196,000 | 1,429,000 | 1,170,200 | 1,141,100 | 1,442,400 | 1,328,000 | 1,445,600 | 1,419,700 | 761,400 | 712,900 | 752,600 | 601,200 | 758,000 | 448,800 | 499,300 | 506,200 | 595,300 | 1,075,600 |
| Working capital turnover | — | 4.91 | 6.41 | 2.16 | 2.47 | 3.96 | 3.69 | 4.23 | 4.30 | 4.33 | 2.96 | 4.44 | 4.25 | 1.50 | 5.66 | 3.87 | 4.05 | 4.06 | 4.79 | 6.28 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $6,536,000K ÷ ($2,542,000K – $5,288,000K)
= —
The working capital turnover ratio for Martin Marietta Materials Inc experienced fluctuations over the periods provided. The ratio represents how efficiently the company is using its working capital to generate sales revenue.
Initially, in March 2020, the working capital turnover was relatively high at 6.28, indicating that the company was effectively managing its working capital to generate sales. However, by September 2021, this ratio dropped significantly to 1.50, suggesting a decline in the efficiency of working capital utilization during that period.
Subsequently, the ratio showed some improvement, reaching a peak of 6.41 in June 2024, which indicated a more efficient use of working capital to drive sales. However, the data for December 2024 is not available.
Overall, the analysis of Martin Marietta Materials Inc's working capital turnover reveals varying levels of efficiency in utilizing working capital to generate revenue, with fluctuations observed over the different quarters. Management may need to closely monitor and potentially improve its working capital management practices to ensure sustained operational efficiency.
Peer comparison
Dec 31, 2024