Marten Transport Ltd (MRTN)

Total asset 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
Revenue (ttm)	US$ in thousands	963,708	1,001,498	1,043,670	1,083,104	1,131,455	1,185,817	1,230,727	1,274,620	1,263,878	1,208,170	1,135,002	1,037,879	973,644	934,101	898,832	878,774	874,374	864,226	863,188	862,894
Total assets	US$ in thousands	968,757	1,000,000	1,009,890	993,019	1,004,680	997,204	1,004,080	979,273	965,679	938,702	921,121	885,398	870,690	903,383	884,363	855,349	831,636	859,066	840,834	824,918
Total asset turnover		0.99	1.00	1.03	1.09	1.13	1.19	1.23	1.30	1.31	1.29	1.23	1.17	1.12	1.03	1.02	1.03	1.05	1.01	1.03	1.05

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $963,708K ÷ $968,757K
= 0.99

Marten Transport Ltd's total asset turnover ratio has shown fluctuations over the past few years. The ratio started at 1.05 in March 2020, decreased slightly to 1.03 in June 2020, and further dropped to 1.01 by September 2020. However, there was an improvement as the ratio increased to 1.05 by December 2020.

Throughout 2021, the total asset turnover remained relatively stable, hovering around the 1.02 to 1.03 range. A significant increase was noted in the last quarter of 2021, with the ratio jumping to 1.12 in December.

Subsequently, the total asset turnover ratio continued to rise steadily in 2022, reaching 1.31 by December. However, a slight decline was observed in the following quarters of 2023 and 2024, where the ratio dipped to 1.13 and 0.99, respectively, by the end of December 2024.

Overall, the trend in Marten Transport Ltd's total asset turnover ratio reflects fluctuations but generally shows an upward trajectory, indicating the company's ability to generate sales relative to its total assets, albeit with some variability in efficiency over the years.