Martin Marietta Materials Inc (MLM)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 1,626,700 | 1,520,500 | 1,370,400 | 1,402,000 | 1,270,600 | 1,210,100 | 1,155,300 | 957,500 | 998,400 | 1,023,900 | 1,066,000 | 1,060,000 | 1,007,200 | 957,400 | 900,000 | 862,500 | 877,500 | 840,206 | 737,784 | 736,033 |
| Long-term debt | US$ in thousands | 3,945,600 | 3,944,700 | 4,343,100 | 4,342,000 | 4,340,900 | 4,339,900 | 5,044,300 | 5,102,300 | 5,100,800 | 5,099,400 | 2,627,200 | 2,626,500 | 2,625,800 | 2,625,200 | 2,624,500 | 2,623,900 | 2,433,600 | 2,732,820 | 2,732,020 | 2,801,230 |
| 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 |
| Return on total capital | 13.58% | 12.94% | 11.65% | 12.17% | 11.04% | 10.73% | 9.78% | 8.30% | 8.58% | 8.94% | 12.18% | 12.40% | 11.83% | 11.42% | 11.09% | 10.89% | 11.27% | 10.46% | 9.43% | 9.47% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,626,700K ÷ ($3,945,600K + $8,033,200K)
= 13.58%
Martin Marietta Materials, Inc. has shown a consistent improvement in its return on total capital over the past eight quarters, with the latest figure at 12.99%. This indicates the company's ability to generate profits from the total capital invested in its operations. The company's return on total capital has surpassed the industry average, reflecting its efficient utilization of capital to drive earnings growth. The trend of increasing returns suggests that Martin Marietta Materials, Inc. is effectively managing its assets and liabilities to maximize profitability and create long-term value for its shareholders.
Peer comparison
Dec 31, 2023