Marten Transport Ltd (MRTN)
Total 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 |
| Total assets | US$ in thousands | 968,757 | 990,339 | 965,679 | 870,690 | 831,636 |
| Total asset turnover | 0.99 | 1.14 | 1.31 | 1.12 | 1.05 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $963,708K ÷ $968,757K
= 0.99
Total asset turnover is an important financial ratio that measures a company's efficiency in generating sales revenue from its total assets. For Marten Transport Ltd, the total asset turnover has shown some fluctuations over the years. In 2020, the total asset turnover was 1.05, indicating that the company generated $1.05 in sales for every dollar of assets.
The ratio improved in 2021 to 1.12, signaling that the company became more efficient in utilizing its assets to generate revenue. The trend continued positively in 2022 with a total asset turnover of 1.31, suggesting a significant increase in productivity and asset utilization.
However, in 2023, the total asset turnover slightly decreased to 1.14, indicating a possible reduction in efficiency in generating sales from assets. The ratio further declined in 2024 to 0.99, dropping below the levels seen in the previous years.
Overall, while there have been fluctuations in Marten Transport Ltd's total asset turnover ratio over the years, the company has generally shown a decent ability to generate sales revenue from its total assets. It is important for the company to monitor and manage its asset utilization to ensure sustainable efficiency and profitability in the future.
Peer comparison
Dec 31, 2024