Marten Transport (Marten Transport) Days Payable : 15.77 (As of Mar. 2024)

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Marten Transport's average Accounts Payable for the three months ended in Mar. 2024 was $37 Mil. Marten Transport's Cost of Goods Sold for the three months ended in Mar. 2024 was $215 Mil. Hence, Marten Transport's Days Payable for the three months ended in Mar. 2024 was 15.77.

The historical rank and industry rank for Marten Transport's Days Payable or its related term are showing as below:

MRTN' s Days Payable Range Over the Past 10 Years
Min: 8.67 Med: 10.17 Max: 14.99
Current: 14.99

During the past 13 years, Marten Transport's highest Days Payable was 14.99. The lowest was 8.67. And the median was 10.17.

MRTN's Days Payable is ranked worse than
87.34% of 932 companies
in the Transportation industry
Industry Median: 39.565 vs MRTN: 14.99

Marten Transport's Days Payable increased from Mar. 2023 (14.69) to Mar. 2024 (15.77). It may suggest that Marten Transport delayed paying its suppliers.

Marten Transport Days Payable Historical Data

The historical data trend for Marten Transport's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Marten Transport Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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10.12

12.61

10.59

10.22

14.29

Marten Transport Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															14.69	15.16	14.99	15.84	15.77

Competitive Comparison

For the Trucking subindustry, Marten Transport's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Marten Transport Days Payable Distribution

For the Transportation industry and Industrials sector, Marten Transport's Days Payable distribution charts can be found below:

* The bar in red indicates where Marten Transport's Days Payable falls into.

Marten Transport Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Marten Transport's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (37.299	+	36.516)	/	2 )	/	942.722	*	365
=	36.9075					/	942.722	*	365
=	14.29

Marten Transport's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (36.516	+	37.728)	/	2 )	/	214.734	*	365 / 4
=	37.122					/	214.734	*	365 / 4
=	15.77

Marten Transport Days Payable Related Terms

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Marten Transport (Marten Transport) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Marten Transport Ltd (NAS:MRTN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

129 Marten Street, Mondovi, WI, USA, 54755

Website

http://www.marten.com

Marten Transport Ltd is a temperature-sensitive truckload carrier in the United States. It is engaged in transporting and distributing food and other consumer packaged goods which requires a temperature-controlled or insulated environment. The company operates through four segments including Truckload, Dedicated, Intermodal, and Brokerage. It generates maximum revenue from the Truckload segment. The Truckload segment provides a combination of regional short-haul and medium-to-long-haul full-load transportation services.

Executives

Randall John Baier	officer: Exec. VP & Chief Tech. Officer	129 MARTEN STREET, MONDOVI WI 54755
Thomas J Winkel	director
Patricia L Jones	director	C/O 505 HIGHWAY 169 NORTH, SUITE 1000, PLYMOUTH MN 55441
Larry B Hagness	director
James J Hinnendael	officer: Chief Financial Officer	129 MARTEN STREET, MONDOVI WI 54755
John H Turner	officer: Vice President of Sales	129 MARTEN STREET, MONDOVI WI 54755
Robert L Demorest	director	2235 VALE CREST, MINNEAPOLIS MN 55422
Jerry M Bauer	director
Douglas Paul Petit	officer: President	129 MARTEN STREET, MONDOVI WI 54755
Timothy M Kohl	officer: President	129 MARTEN STREET, MONDOVI WI 54755
Randolph L Marten	director, 10 percent owner, officer: Chairman and President	129 MARTEN STREET, MONDOVI WI 54755
Kathleen P Iverson	director	5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416
Timothy P Nash	officer: Exec. VP of Sales & Marketing
Ronald Richard Booth	director	129 MARTEN STREET, MONDOVI WI 54755
G Larry Owens	director