MLM (Martin Marietta Materials) Days Payable : 21.89 (As of Sep. 2024)

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What is Martin Marietta Materials Days Payable?

Martin Marietta Materials's average Accounts Payable for the three months ended in Sep. 2024 was $310 Mil. Martin Marietta Materials's Cost of Goods Sold for the three months ended in Sep. 2024 was $1,290 Mil. Hence, Martin Marietta Materials's Days Payable for the three months ended in Sep. 2024 was 21.89.

The historical rank and industry rank for Martin Marietta Materials's Days Payable or its related term are showing as below:

MLM' s Days Payable Range Over the Past 10 Years
Min: 21.55 Med: 22.95 Max: 28.55
Current: 24.71

During the past 13 years, Martin Marietta Materials's highest Days Payable was 28.55. The lowest was 21.55. And the median was 22.95.

MLM's Days Payable is ranked worse than
90.31% of 382 companies
in the Building Materials industry
Industry Median: 72.48 vs MLM: 24.71

Martin Marietta Materials's Days Payable declined from Sep. 2023 (23.85) to Sep. 2024 (21.89). It may suggest that Martin Marietta Materials accelerated paying its suppliers.

Martin Marietta Materials Days Payable Historical Data

The historical data trend for Martin Marietta Materials'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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Martin Marietta Materials Days Payable Chart

Martin Marietta Materials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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22.58

22.96

25.32

28.55

27.95

Martin Marietta Materials Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															23.85	27.81	28.40	20.86	21.89

Competitive Comparison of Martin Marietta Materials's Days Payable

For the Building Materials subindustry, Martin Marietta Materials'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.

Martin Marietta Materials's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Martin Marietta Materials's Days Payable distribution charts can be found below:

* The bar in red indicates where Martin Marietta Materials's Days Payable falls into.

Martin Marietta Materials 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.

Martin Marietta Materials'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
=	( (385	+	343.3)	/	2 )	/	4754.6	*	365
=	364.15					/	4754.6	*	365
=	27.95

Martin Marietta Materials's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (304	+	315)	/	2 )	/	1290	*	365 / 4
=	309.5					/	1290	*	365 / 4
=	21.89

Martin Marietta Materials Days Payable Related Terms

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Martin Marietta Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Martin Marietta Materials Inc (NYSE:MLM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MLM:Mexico 0JZ0:UK MMX:Germany MMX:Germany

Address

4123 Parklake Avenue, Raleigh, NC, USA, 27612

Website

https://www.martinmarietta.com

Martin Marietta Materials is one of the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). In 2023, Martin Marietta sold 199 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.

Executives

Roselyn R Bar	officer: VP, Gen. Counsel and Secy	C/O MARTIN MARIETTA MATERIALS INC, 2710 WYCLIFF ROAD, RALEIGH NC 27607
C Howard Nye	officer: Pres & Chief Operating Officer	2710 WYCLIFF ROAD, RALEIGH NC 27607
Sue W Cole	director	C/O US TRUST CO OF NORTH CAROLINA, 301 N. ELM ST., GREENSBORO NC 27401
Craig M Latorre	officer: Sr. VP, CHRO	2710 WYCLIFF ROAD, RALEIGH NC 27607
Kelly Gean Bennett	officer: Sr VP, Human Resources	4123 PARKLAKE AVENUE, RALEIGH NC 27612
Oliver W Brooks	officer: SVP - Enterprise Excellence	4123 PARKLAKE AVENUE, RALEIGH NC 27612
John P Mohr	officer: SVP - CIO	2710 WYCLIFF ROAD, RALEIGH NC 27607
Michael J Petro	officer: SVP - Strategy and Development	4123 PARKLAKE AVENUE, RALEIGH NC 27612
Anthony R Foxx	director	2710 WYCLIFF ROAD, RALEIGH NC 27607
Zelnak Stephen P Jr	director, officer: Chairman, President and CEO	MARTIN MARIETTA MATERIALS INC, 2710 WYCLIFF ROAD, RALEIGH NC 27607
David C Wajsgras	director	870 WINTER STREET, WALTHAM MA 02451
John J Koraleski	director	MARTIN MARIETTA, 2710 WYCLIFF ROAD, RALEIGH NC 27607
Daniel L. Grant	officer: SVP - Strategy and Development	2710 WYCLIFF ROAD, RALEIGH NC 27607
Thomas Pike	director	C/O ACCENTURE, 161 N. CLARK STREET, 23RD FLOOR, CHICAGO IL 60601
Laree E Perez	director	1111 LOUISIANA STREET, HOUSTON TX 77002