Marten Transport Ltd (MRTN)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.97 | 11.89 | 17.99 | 13.60 | 13.71 | |
| Number of days of payables | days | 30.49 | 30.69 | 20.29 | 26.84 | 26.62 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.97
= 30.49
To calculate the number of days of payables for Marten Transport, Ltd., the formula used is:
Number of days of payables = (Accounts Payable / Cost of Goods Sold) * 365
However, without the specific values for Accounts Payable and Cost of Goods Sold for the years provided (Dec 31, 2019 to Dec 31, 2023), it is not possible to calculate the exact number of days of payables for the company.
Analyzing the number of days of payables over time can provide insights into how efficiently Marten Transport, Ltd. manages its payables. A decreasing trend in the number of days of payables may indicate that the company is paying its suppliers more quickly, which could potentially strain its cash flow. Conversely, an increasing trend could signify that the company is taking longer to pay its suppliers, which may improve its cash flow but could impact relationships with vendors.
It is recommended to gather the specific financial data for Marten Transport, Ltd. for the years in question to perform a detailed analysis of the number of days of payables and understand the company's payment practices better.
Peer comparison
Dec 31, 2023