Marten Transport Ltd (MRTN)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 10.52% | 9.20% | 10.00% | 12.78% | 15.10% | 17.17% | 18.01% | 18.34% | 18.87% | 19.15% | 19.20% | 19.01% | 18.81% | 19.14% | 19.39% | 19.91% | 19.53% | 18.52% | 18.04% | 17.44% |
| Operating profit margin | 3.06% | 3.66% | 4.75% | 6.50% | 7.80% | 6.05% | 4.69% | 2.66% | 0.44% | 3.23% | 5.66% | 8.51% | 11.47% | 11.41% | 11.40% | 11.29% | 10.66% | 10.01% | 9.51% | 8.90% |
| Pretax margin | 3.77% | 4.57% | 5.63% | 7.12% | 8.30% | 9.33% | 10.28% | 10.84% | 11.41% | 11.72% | 11.99% | 11.91% | 11.48% | 11.41% | 11.41% | 11.30% | 10.68% | 10.05% | 9.58% | 9.02% |
| Net profit margin | 2.79% | 3.36% | 4.17% | 5.31% | 6.22% | 7.04% | 7.76% | 8.26% | 8.73% | 9.07% | 9.27% | 9.15% | 8.77% | 8.60% | 8.57% | 8.40% | 7.95% | 7.60% | 7.44% | 7.10% |
Marten Transport Ltd's profitability ratios have exhibited some fluctuations over the reported periods. The Gross Profit Margin, which indicates the percentage of revenue remaining after deducting the cost of goods sold, showed a declining trend from 17.44% on March 31, 2020, to 10.52% on December 31, 2024.
The Operating Profit Margin, reflecting the percentage of revenue left after deducting operating expenses, experienced volatility, with a notable decrease from 11.40% on June 30, 2021, to 3.06% on December 31, 2024.
The Pretax Margin, representing the percentage of revenue remaining after deducting all expenses except taxes, displayed a gradual decline from 11.48% on December 31, 2021, to 3.77% on December 31, 2024, with some fluctuations in between.
The Net Profit Margin, which depicts the final percentage of revenue retained as net income after all expenses, also showed a downward trajectory from 9.27% on June 30, 2022, to 2.79% on December 31, 2024, indicating challenges in generating profits.
Overall, these profitability ratios suggest that Marten Transport Ltd faced decreasing profitability over the analyzed periods, potentially indicating operational inefficiencies or cost pressures affecting the company's bottom line. Monitoring and addressing these trends will be crucial for maintaining and improving the company's financial performance.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 3.05% | 3.66% | 4.91% | 7.09% | 8.79% | 7.19% | 5.75% | 3.47% | 0.58% | 4.16% | 6.98% | 9.98% | 12.83% | 11.80% | 11.59% | 11.60% | 11.21% | 10.07% | 9.77% | 9.31% |
| Return on assets (ROA) | 2.78% | 3.37% | 4.31% | 5.79% | 7.00% | 8.37% | 9.51% | 10.76% | 11.43% | 11.67% | 11.42% | 10.72% | 9.81% | 8.89% | 8.71% | 8.63% | 8.36% | 7.64% | 7.63% | 7.42% |
| Return on total capital | 3.91% | 4.90% | 1.90% | 4.63% | 7.03% | 4.89% | 7.80% | 4.70% | 0.79% | 0.61% | -0.76% | -2.65% | -3.60% | -4.02% | -4.32% | -4.05% | -4.92% | -5.78% | -6.00% | -6.33% |
| Return on equity (ROE) | 3.51% | 4.40% | 5.68% | 7.54% | 9.29% | 11.14% | 12.91% | 14.60% | 15.68% | 16.06% | 15.94% | 14.64% | 13.11% | 12.74% | 11.79% | 11.62% | 11.20% | 10.18% | 10.20% | 10.05% |
Based on the provided data for Marten Transport Ltd, let's analyze the profitability ratios over the reported periods:
1. Operating Return on Assets (Operating ROA): This ratio measures the company's operating income generated per dollar of assets. Marten Transport Ltd's Operating ROA has shown fluctuations over the periods, ranging from a high of 12.83% in December 2021 to a low of 0.58% in December 2022. The company experienced a peak in Operating ROA in December 2021 before declining in the following periods.
2. Return on Assets (ROA): ROA indicates the company's overall profitability in relation to its total assets. Marten Transport Ltd's ROA trended positively from 7.42% in March 2020 to a peak of 11.67% in September 2022, before decreasing to 2.78% in December 2024. The company's ROA remained healthy during the early periods but tapered off towards the end of the reporting period.
3. Return on Total Capital: This ratio demonstrates the return earned on all capital invested in the company. Marten Transport Ltd's Return on Total Capital turned positive after a negative trend in the initial periods, reaching a high of 7.80% in June 2023. The company managed to improve its return on total capital from negative values to positive figures through strategic management of capital utilization.
4. Return on Equity (ROE): ROE measures the return generated on shareholder equity. Marten Transport Ltd's ROE exhibited a similar trend to ROA, with gradual growth until June 2022, after which it declined to 3.51% in December 2024. The company saw a peak in ROE in December 2022, indicating strong returns to equity holders before a subsequent decline.
Overall, the profitability ratios of Marten Transport Ltd reflect varying performance trends over the reported periods, highlighting the company's ability to generate returns for its stakeholders amidst changing business conditions and operational challenges.