Marten Transport Ltd (MRTN)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 30,052 | 37,567 | 14,561 | 35,332 | 53,263 | 36,652 | 57,712 | 33,947 | 5,572 | 4,169 | -5,023 | -17,171 | -23,463 | -25,328 | -28,253 | -25,701 | -30,549 | -37,266 | -37,768 | -38,598 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 767,922 | 766,461 | 766,753 | 762,429 | 757,386 | 749,357 | 740,020 | 721,511 | 703,919 | 682,437 | 660,157 | 648,762 | 651,677 | 630,087 | 653,641 | 634,978 | 620,333 | 644,708 | 629,398 | 609,380 |
| 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% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $30,052K ÷ ($—K + $767,922K)
= 3.91%
The return on total capital for Marten Transport Ltd has shown a fluctuating trend over the past few years. Starting from negative figures in the range of -6% to -4% in the first half of 2020, the company managed to improve its performance gradually. By the end of 2022 and the beginning of 2023, there was a notable upturn with the return on total capital reaching as high as 7.80%.
However, there was some volatility in the following periods with the return on total capital fluctuating between 0.61% to 4.90%. By the end of 2024, the return on total capital had stabilized around 3-5%, suggesting that Marten Transport Ltd was able to maintain a moderate level of return on its total capital investment during that period.
Overall, the recent uptick in the return on total capital in 2023 followed by a moderate stabilization in 2024 indicates a potential improvement in the company's efficiency in utilizing its capital to generate profits. Continued monitoring of this ratio will be essential to assess the company's performance and financial health going forward.
Peer comparison
Dec 31, 2024