Martin Marietta Materials Inc (MLM)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	8,033,200	7,802,500	7,421,100	7,175,000	7,170,500	6,935,700	6,770,000	6,428,900	6,535,300	6,355,900	6,125,900	5,923,900	5,890,700	5,756,400	5,491,100	5,296,900	5,350,800	5,301,970	5,094,850	4,972,470
ROE		14.55%	13.71%	12.78%	13.47%	12.09%	12.11%	11.81%	10.24%	10.75%	11.46%	12.55%	12.83%	12.24%	11.62%	11.35%	11.23%	11.44%	10.85%	9.95%	10.11%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,168,900K ÷ $8,033,200K
= 14.55%

To analyze Martin Marietta Materials, Inc.'s return on equity (ROE) based on the provided data, the ROE has shown a generally increasing trend over the past eight quarters, indicating an improvement in the company's profitability relative to its equity.

In Q4 2023, the ROE stood at 14.56%, which was higher compared to the previous quarter and the same quarter in the previous year. This suggests that the company's efficiency in generating profits from shareholders' equity improved in the most recent quarter.

The highest ROE during this period was recorded in Q4 2022 at 14.11%, indicating that the company was most efficient in generating profits from its equity capital in that quarter. The lowest ROE was observed in Q1 2022 at 10.24%, although it has been on an upward trajectory since then.

Overall, the increasing trend in ROE reflects positively on Martin Marietta Materials, Inc.'s ability to generate earnings from shareholders' investments over the past two years. It indicates that the company is effectively utilizing its equity to generate profits and create value for its shareholders.