Marten Transport Ltd (MRTN)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	963,708	1,131,460	1,263,880	973,644	874,374
Property, plant and equipment	US$ in thousands	—	—	728,877	682,277	654,173
Fixed asset turnover		—	—	1.73	1.43	1.34

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $963,708K ÷ $—K
= —

Fixed asset turnover is a crucial financial ratio that measures a company's ability to generate revenue relative to its investment in fixed assets. In the case of Marten Transport Ltd, the trend in fixed asset turnover is positive, as it has been steadily increasing over the years.

In 2020, the fixed asset turnover was 1.34, indicating that for every dollar invested in fixed assets, the company generated $1.34 in revenue. This ratio improved to 1.43 in 2021, suggesting an increase in efficiency in utilizing fixed assets to generate revenue.

By the end of 2022, the fixed asset turnover further increased to 1.73, indicating that Marten Transport Ltd was able to generate $1.73 in revenue for every dollar invested in fixed assets, showing continued improvement in asset utilization efficiency.

It is worth noting that data for 2023 and 2024 is not available, making it challenging to assess the recent performance of the company in this aspect. To continue the positive trend seen in the previous years, Marten Transport Ltd should focus on effectively managing its fixed assets to optimize revenue generation in the future.