Marten Transport Ltd (MRTN)

Number of days of payables

		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
Payables turnover		11.98	10.62	12.52	10.91	11.84	9.82	8.33	12.98	17.91	10.48	8.84	10.85	13.55	13.78	12.66	9.32	15.54	14.22	17.91	25.65
Number of days of payables	days	30.46	34.38	29.14	33.46	30.82	37.18	43.80	28.11	20.38	34.84	41.27	33.64	26.93	26.49	28.84	39.15	23.48	25.66	20.38	14.23

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.98
= 30.46

Based on the provided data, it appears that the number of days of payables for Marten Transport, Ltd. is not available for each of the quarters presented. This could be due to a lack of reporting or calculation of this particular financial metric.

Without the specific values for the number of days of payables, it is not possible to analyze Marten Transport's payment practices in terms of how long it takes the company to pay its suppliers.

To provide a more in-depth analysis of the company's payables management, it would be necessary to have the actual data for the number of days of payables for the quarters in question. This information is crucial for evaluating the efficiency of Marten Transport's payment processes and its relationship with suppliers.