Martin Marietta Materials Inc (MLM)

Return on assets (ROA)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	1,168,900	1,070,000	948,600	966,800	866,800	840,000	799,300	658,600	702,500	728,700	768,500	760,300	720,900	668,900	623,100	595,000	612,000	575,379	507,000	502,877
Total assets	US$ in thousands	15,124,900	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	10,131,600	10,223,500	10,163,700	10,048,400
ROA		7.73%	7.17%	6.22%	6.49%	5.78%	5.70%	5.50%	4.62%	4.88%	5.29%	6.85%	7.13%	6.81%	6.41%	6.09%	5.66%	6.04%	5.63%	4.99%	5.00%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,168,900K ÷ $15,124,900K
= 7.73%

To analyze Martin Marietta Materials, Inc.'s return on assets (ROA) based on the provided data, we observe a consistent upward trend in ROA over the past eight quarters. The ROA has steadily increased from 4.62% in Q1 2022 to 7.73% in Q4 2023, indicating an improvement in the company's efficiency in generating profits from its assets.

The company's ability to generate higher returns on its assets is a positive sign of effective asset utilization and operational performance. The increasing trend suggests that Martin Marietta Materials, Inc. is becoming more efficient in utilizing its assets to generate profits for shareholders.

Overall, the trend in ROA reflects positively on Martin Marietta Materials, Inc.'s management of its assets and operational effectiveness, indicating a potential improvement in the company's financial health over the analyzed period.