Marten Transport Ltd (MRTN)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 90,110 | 143,344 | 111,689 | 93,246 | 76,498 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 757,386 | 703,919 | 651,677 | 620,333 | 597,589 |
| Return on total capital | 11.90% | 20.36% | 17.14% | 15.03% | 12.80% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $90,110K ÷ ($—K + $757,386K)
= 11.90%
Marten Transport, Ltd.'s return on total capital has fluctuated over the past five years. In 2023, the return on total capital was 10.10%, showing a decrease from 18.46% in 2022. Despite the decrease, the company's return on total capital in 2023 is above the levels seen in 2020 and 2019, indicating a relatively strong performance. The varying trends in return on total capital suggest that Marten Transport, Ltd. may have experienced changes in its capital structure, profitability, or efficiency over the years. Further analysis is recommended to understand the underlying factors driving these fluctuations and to assess the company's overall financial health and performance.
Peer comparison
Dec 31, 2023