Marten Transport Ltd (MRTN)

Inventory turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cost of revenue (ttm)	US$ in thousands	862,337	909,371	939,331	944,673	960,639	982,207	1,009,017	1,040,830	1,025,381	976,848	917,054	840,573	790,492	755,318	724,552	703,853	703,609	704,203	707,480	712,363
Inventory	US$ in thousands	—	-100,432	0	0	6,286	—	0	—	5,427	—	—	—	-2,243	0	—	0	3,372	—	—	—
Inventory turnover		—	—	—	—	152.82	—	—	—	188.94	—	—	—	—	—	—	—	208.66	—	—	—

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $862,337K ÷ $—K
= —

The inventory turnover ratio of Marten Transport Ltd indicates the efficiency with which the company manages its inventory. From the data provided, we observe that the inventory turnover ratio for the fiscal year ended December 31, 2020, was 208.66, signifying that the company sold and replaced its inventory approximately 208.66 times during that period.

However, there is a lack of specific data available for the succeeding periods up to December 31, 2024, with the exception of the ratio for December 31, 2022, which stood at 188.94, and December 31, 2023, where it decreased to 152.82. This downward trend in the inventory turnover ratio may suggest either an increase in average inventory levels or a decrease in sales during the period.

Analyzing the inventory turnover ratio can provide insights into the company's sales and inventory management strategy. A high inventory turnover ratio generally indicates that the company is efficiently managing its inventory, turning over stock quickly, and minimizing holding costs. On the other hand, a declining ratio may point to excess inventory levels, poor sales, or inefficiencies in inventory management.

It is important for Marten Transport Ltd to monitor its inventory turnover ratio regularly to ensure optimal inventory management and efficient use of resources. Further analysis and comparison with industry benchmarks or historical data could provide a better understanding of the company's performance in this aspect.