Marten Transport Ltd (MRTN)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | 2.74 | 1.93 | 2.02 | 1.75 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 2.74 | 1.93 | 2.02 | 1.75 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
Marten Transport Ltd's cash conversion cycle has shown some fluctuations over the years based on the provided data. The cycle started at 1.75 days on December 31, 2020, indicating a quick conversion of inventory to cash. However, by December 31, 2021, the cycle extended to 2.02 days, suggesting a slight delay in the conversion process.
In the following years, the cash conversion cycle fluctuated slightly, ranging from 1.93 to 2.74 days. The cycle peaked on December 31, 2023, indicating a longer period for the company to convert its investments in inventory to actual cash receipts.
Notably, on December 31, 2024, the cash conversion cycle reached 0.00 days, which could suggest an exceptionally efficient conversion process where the company was able to quickly turn inventory into cash without any delay.
Overall, Marten Transport Ltd's cash conversion cycle has varied over the years, with some periods indicating efficient cash conversion, while others showing delays in the process. Further analysis would be required to understand the specific factors driving these fluctuations and their implications for the company's working capital management.
Peer comparison
Dec 31, 2024