Marten Transport Ltd (MRTN)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | 2.39 | — | — | — | 1.93 | — | — | — | — | — | — | — | 1.75 | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 2.39 | 0.00 | 0.00 | 0.00 | 1.93 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.75 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
Marten Transport Ltd has maintained a relatively stable cash conversion cycle over the past few years, with the cycle remaining at 0.00 days for most quarters. This indicates that the company is efficiently managing its cash flow and working capital, allowing it to quickly convert its invested resources into cash.
However, there were slight fluctuations in the cash conversion cycle in some quarters, such as December 31, 2020, December 31, 2022, and December 31, 2023, where the cycle extended to 1.75 days, 1.93 days, and 2.39 days respectively. This could suggest temporary delays in collecting receivables or managing inventory efficiently during those periods.
Overall, Marten Transport Ltd's ability to maintain a low cash conversion cycle reflects its efficient operations and strong liquidity management practices. It is crucial for the company to continue monitoring and optimizing its working capital processes to ensure timely cash flows and support sustainable business growth.
Peer comparison
Dec 31, 2024