Martin Marietta Materials's total inventories for the quarter that ended in Dec. 2023 was $989 Mil. Martin Marietta Materials's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $991 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Martin Marietta Materials's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-77.09.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Martin Marietta Materials's Days Inventory for the
three
months ended in Dec. 2023 was 80.38.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Martin Marietta Materials's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.14.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Martin Marietta Materials's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.62.
Martin Marietta Materials Total Inventories Historical Data
The historical data trend for Martin Marietta Materials's Total Inventories 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.
Martin Marietta Materials Total Inventories Calculation
Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.
Martin Marietta Materials (NYSE:MLM) Total Inventories Explanation
Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.
1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.
Martin Marietta Materials's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is
4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Martin Marietta Materials's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as
* 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.
Be Aware
Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.
When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.
Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.
Martin Marietta Materials Total Inventories Related Terms
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Martin Marietta Materials (Martin Marietta Materials) Business Description
Martin Marietta Materials is one of the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). In 2022, Martin Marietta sold 207 million tons of aggregates. Martin Marietta's most important markets include Texas, Colorado, North Carolina, Georgia, and Florida, accounting for most of its sales. The company also produces cement in Texas and uses its aggregates in its asphalt and ready-mixed concrete businesses. Martin's magnesia specialties business produces magnesia-based chemical products and dolomitic lime.
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