MRTN (Marten Transport) Days Payable: 12.91 (As of Jun. 2026) — 24% Above Median

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MRTN Marten Transport Ltd MRTN
72 GF Score
Price $14.90
GF Value $13.63
Valuation Fairly Valued
! 5 Warning Signs
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What is Marten Transport Days Payable?

Marten Transport MRTN -2.42% 72 Days Payable is 12.91 as of Jun. 2026, which is 24% above its 10-year median of 10.41. GuruFocus rates MRTN with a GF Score™ of 72/100 and a GF Value™ of $13.63 (Fairly Valued). The stock has 5 warning signs investors should review. Among 970 Transportation companies, Marten Transport ranks worse than 85.67% on this metric.

Marten Transport's average Accounts Payable for the three months ended in Jun. 2026 was $27.9 Mil. Marten Transport's Cost of Goods Sold for the three months ended in Jun. 2026 was $197.2 Mil. Hence, Marten Transport's Days Payable for the three months ended in Jun. 2026 was 12.91.

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: 10.41   Max: 16.36
Current: 16.36

During the past 13 years, Marten Transport's highest Days Payable was 16.36. The lowest was 8.67. And the median was 10.41.

MRTN's Days Payable is ranked worse than
85.67% of 970 companies
in the Transportation industry
Industry Median: 37.985 vs MRTN: 16.36

Marten Transport's Days Payable declined from Jun. 2025 (19.13) to Jun. 2026 (12.91). It may suggest that Marten Transport accelerated paying its suppliers.


Marten Transport Days Payable Historical Data

* Premium members only.

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.

Marten Transport Days Payable Chart

Marten Transport Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.59 10.22 14.29 13.65 12.97

Marten Transport Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.13 19.72 17.16 14.36 12.91

MRTN vs CVLG, HTLD, ULH: Days Payable 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 vs Transportation Industry

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.


MRTN
72GF Score
Marten Transport Ltd MRTN
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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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. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (25.781 + 28.769) / 2 ) / 767.782*365
=27.275 / 767.782*365
=12.97

Marten Transport's Days Payable for the quarter that ended in Jun. 2026 is calculated as:

Days Payable (Q: Jun. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2026 ) + Accounts Payable (Q: Jun. 2026 )) / count ) / Cost of Goods Sold (Q: Jun. 2026 )*Days in Period
=( (27.756 + 28.042) / 2 ) / 197.204*365 / 4
=27.899 / 197.204*365 / 4
=12.91

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 12.91 mean?
Marten Transport (MRTN) has a Days Payable of 12.91 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Marten Transport and its competitors. This is 24% above median its historical median of 10.41. Over the past decade, Marten Transport's Days Payable has ranged from 8.67 to 16.36. According to the industry distribution chart, Marten Transport ranks #831 out of 970 companies in the Transportation industry, placing it in the top 85.7%.
Is Marten Transport's Days Payable too high?
Marten Transport's current Days Payable of 12.91 is 24% above median its 10-year median of 10.41. Over the past 10 years, this metric has ranged from a low of 8.67 to a high of 16.36. The Transportation industry median Days Payable is 37.99. Marten Transport's value of 12.91 is 66% below this industry median. Based on the distribution chart, Marten Transport ranks #831 out of 970 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Marten Transport has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Marten Transport's Days Payable compare to CVLG and HTLD?
According to the Transportation industry distribution chart, Marten Transport ranks #831 out of 970 companies for Days Payable. This places Marten Transport in the lower half of its industry. The industry median Days Payable is 37.99. Marten Transport's value of 12.91 is 66% below this benchmark. Historically, Marten Transport's own Days Payable has ranged from 8.67 to 16.36 over the past decade. While the company's 10-year median is 10.41 vs. the industry median of 37.99, Marten Transport has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Transportation company?
The median Days Payable among Transportation companies is 37.99, based on 970 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Marten Transport's current Days Payable of 12.91 is 66% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Marten Transport and its competitors. For the Transportation industry, the median Days Payable is 37.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marten Transport's current Days Payable is 12.91, which is 24% above median its own 10-year median of 10.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marten Transport stock overvalued right now?
Based on GuruFocus' analysis, Marten Transport (MRTN) is currently considered Fairly Valued. The stock's GF Value™ is $13.63, compared to a current price of $14.90 — trading 9.3% above its estimated fair value. The current Days Payable is 12.91, which is 24% above median its 10-year median of 10.41 and 66% below the Transportation industry median of 37.99. Marten Transport's overall GF Score™ is 72/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Marten Transport (MRTN), the current Days Payable is 12.91 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Marten Transport (MRTN) Overvalued in 2026?

Based on GuruFocus' analysis, Marten Transport stock appears to be overvalued. The current stock price of $14.90 is trading 9.3% above its estimated GF Value™ of $13.63. GuruFocus considers Marten Transport to be Fairly Valued.

Key valuation signals for MRTN:

  • Days Payable: 12.91 (24% above median its 10-year median of 10.41)
  • GF Value™: $13.63 vs. price of $14.90 (9.3% above fair value)
  • GF Score™: 72/100 with 5 warning signs
  • Industry Position: 66% below the Transportation median (#831 of 970)

No single metric tells the full story. See the MRTN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Marten Transport Business Description

Address 129 Marten Street, Mondovi, WI, USA, 54755
Marten Transport Ltd is a temperature-sensitive and dry truckload carrier in the United States. The company specializes in transporting and distributing food and other consumer packaged goods that require a temperature-controlled or insulated environment. The company operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage, generating the majority of its revenue from the Truckload segment. The Truckload segment offers a mix of regional short-haul and medium- to long-haul full-load transportation services transporting food and other consumer packaged goods.
72GF Score

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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$14.90
Price
$13.63
GF Value