Martin Marietta Materials Inc (MLM)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,995,000 | 1,168,900 | 866,800 | 702,500 | 721,000 |
| Total assets | US$ in thousands | 18,170,000 | 15,124,900 | 14,993,600 | 14,393,000 | 10,580,800 |
| ROA | 10.98% | 7.73% | 5.78% | 4.88% | 6.81% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,995,000K ÷ $18,170,000K
= 10.98%
Martin Marietta Materials Inc's return on assets (ROA) has experienced fluctuations over the past five years. The ROA stood at 6.81% as of December 31, 2020, indicating that the company generated a profit of $0.0681 for every dollar of assets held during that period. However, by December 31, 2021, the ROA decreased to 4.88%, suggesting a decline in the company's asset efficiency.
Subsequently, as of December 31, 2022, the ROA improved to 5.78%, signifying a slight recovery in the company's ability to generate profit from its assets. The positive trend continued into December 31, 2023, with the ROA increasing to 7.73%, indicating a more efficient utilization of assets to generate returns.
Most notably, as of December 31, 2024, the ROA significantly rose to 10.98%, reaching its highest point in the analyzed period. This substantial increase could be indicative of improved operational efficiency, better asset utilization, or increased profitability. Overall, the fluctuations in Martin Marietta Materials Inc's ROA over the years demonstrate the company's varying levels of asset productivity and profitability.
Peer comparison
Dec 31, 2024