Marten Transport Ltd (MRTN)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 833,007 | 836,149 | 1,025,380 | 790,492 | 703,609 |
| Inventory | US$ in thousands | — | 6,286 | 5,427 | 4,375 | 3,372 |
| Inventory turnover | — | 133.02 | 188.94 | 180.68 | 208.66 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $833,007K ÷ $—K
= —
Marten Transport Ltd's inventory turnover ratio indicates the efficiency at which the company manages its inventory. The trend in the inventory turnover ratio shows a slight decrease over the years, from 208.66 in December 31, 2020, to 133.02 in December 31, 2023. This decline may suggest that the company is taking longer to sell its inventory or facing challenges in managing its inventory levels effectively. However, it is important to note that the data is not available for December 31, 2024.
Overall, the decreasing trend in the inventory turnover ratio calls for further investigation into Marten Transport Ltd's inventory management practices to identify areas for improvement and potential risks to the company's operations and profitability.
Peer comparison
Dec 31, 2024