Martin Marietta Materials Inc (MLM)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,442,000 | 1,407,800 | 1,485,400 | 1,548,700 | 1,590,800 | 1,378,900 | 1,218,200 | 1,233,500 | 1,097,300 | 1,154,400 | 1,105,400 | 934,300 | 973,700 | 1,004,300 | 1,048,000 | 1,046,900 | 1,005,400 | 949,369 | 894,032 | 873,514 |
| 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 |
| Operating ROA | 7.94% | 8.55% | 9.09% | 9.54% | 10.28% | 9.24% | 7.99% | 8.28% | 7.32% | 7.84% | 7.60% | 6.56% | 6.77% | 7.28% | 9.34% | 9.82% | 9.50% | 9.10% | 8.74% | 8.32% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,442,000K ÷ $18,170,000K
= 7.94%
Martin Marietta Materials Inc's operating return on assets (ROA) has fluctuated over the measurement periods provided. The company's operating ROA ranged from a low of 6.56% as of March 31, 2022, to a high of 10.28% as of December 31, 2023.
The trend in operating ROA indicates variability in the efficiency of generating operating profits relative to the total assets employed by the company. This ratio serves as a measure of how well the company is utilizing its assets to generate earnings from its operations.
It is worth noting that the operating ROA peaked in December 2023 before declining slightly by the end of the measurement period in December 2024. The downturn in the last quarter of 2024 reflects a decrease in the efficiency of asset utilization or a decline in operating profitability relative to the total assets.
Overall, despite fluctuations in operating ROA, Martin Marietta Materials Inc has demonstrated the ability to generate a satisfactory return on its assets over the periods examined, indicating the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2024