Marten Transport Ltd (MRTN)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		—	133.02	188.94	180.68	208.66
DOH	days	—	2.74	1.93	2.02	1.75

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

Days of Inventory on Hand (DOH) is a crucial ratio that measures how quickly a company is able to sell its inventory. In the case of Marten Transport Ltd, the trend in DOH over the past years is as follows:

- As of December 31, 2020, Marten Transport Ltd had 1.75 days of inventory on hand.
- By December 31, 2021, this ratio increased slightly to 2.02 days, indicating a slight slowdown in inventory turnover.
- The DOH improved in 2022, dropping to 1.93 days, suggesting a more efficient management of inventory.
- However, there was a significant increase in DOH by December 31, 2023, reaching 2.74 days, which could indicate potential issues in managing or selling inventory efficiently.
- Unfortunately, the data for December 31, 2024 is missing, making it challenging to provide a complete analysis for that year.

Overall, the trend in Marten Transport Ltd's DOH shows some fluctuations over the years, indicating changes in the company's inventory management efficiency. Further analysis and comparison with industry benchmarks could provide additional insights into the effectiveness of Marten Transport Ltd's inventory management strategies.