Marten Transport Ltd (MRTN)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 69.60 | — | — | — | 81.40 | — | — | — | — | — | — | — | 103.30 | — | — | — | 104.96 | — | — | — | |
| DOH | days | 5.24 | — | — | — | 4.48 | — | — | — | — | — | — | — | 3.53 | — | — | — | 3.48 | — | — | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 69.60
= 5.24
To analyze Marten Transport, Ltd.'s days of inventory on hand (DOH) based on the provided data, we need the actual inventory figures for each quarter. Unfortunately, the table does not provide specific data on inventory levels, which are necessary to calculate DOH.
DOH is a financial ratio that measures the average number of days a company holds its inventory before it is sold. A lower DOH indicates that inventory is moving more quickly, which could be a sign of efficient inventory management and an indicator of potential strong sales.
Without the specific inventory data for each quarter, it is not possible to calculate and interpret the DOH for Marten Transport, Ltd. Therefore, further information is required to conduct a thorough analysis of the company's inventory turnover and efficiency in managing its inventory levels.
Peer comparison
Dec 31, 2023