Martin Marietta Materials's Total Assets for the quarter that ended in Dec. 2023 was $15,125 Mil.
During the past 12 months, Martin Marietta Materials's average Total Assets Growth Rate was -5.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 10.10% per year.
During the past 5 years, the average Total Assets Growth Rate was 9.90% per year.
During the past 10 years, the average Total Assets Growth Rate was 13.00% per year.
During the past 13 years, Martin Marietta Materials's highest 3-Year average Total Assets Growth Rate was 31.60%. The lowest was -0.40%. And the median was 10.10%.
Total Assets is connected with ROA %. Martin Marietta Materials's annualizedROA % for the quarter that ended in Dec. 2023 was 7.52%. Total Assets is also linked to Revenue through Asset Turnover. Martin Marietta Materials's Asset Turnover for the quarter that ended in Dec. 2023 was 0.11.
Martin Marietta Materials Total Assets Historical Data
The historical data trend for Martin Marietta Materials's Total Assets 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 Assets Calculation
Total Assets are all the assets a company owns.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Martin Marietta Materials's Total Assets for the fiscal year 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.
Martin Marietta Materials (NYSE:MLM) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Martin Marietta Materials's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Martin Marietta Materials Total Assets 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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