Marten Transport (Marten Transport) Accounts Receivable : $105 Mil (As of Mar. 2024)

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What is Marten Transport Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Marten Transport's accounts receivables for the quarter that ended in Mar. 2024 was $105 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Marten Transport's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 38.47.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Marten Transport's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.96.

Marten Transport Accounts Receivable Historical Data

The historical data trend for Marten Transport's Accounts Receivable 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 Accounts Receivable Chart

Marten Transport Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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90.71

83.43

99.00

120.70

105.50

Marten Transport Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															115.43	111.58	117.82	105.50	105.25

Marten Transport Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Marten Transport Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	105.247	/	249.672	*	91
=	38.47

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Marten Transport's accounts receivable are only considered to be worth 75% of book value:

Marten Transport's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(73.73	+	0.75 * 105.247	+	0.5 * 0	-	230.59
-	0	-	0)	/	81.3627
=	-0.96

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Marten Transport Accounts Receivable 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 » Accounts Receivable

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