Martin Marietta Materials (LTS:0JZ0) Accounts Payable & Accrued Expense : $837 Mil (As of Mar. 2024)

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What is Martin Marietta Materials Accounts Payable & Accrued Expense?

Martin Marietta Materials's quarterly accounts payable & accrued expense declined from Sep. 2023 ($544 Mil) to Dec. 2023 ($539 Mil) but then increased from Dec. 2023 ($539 Mil) to Mar. 2024 ($837 Mil).

Martin Marietta Materials's annual accounts payable & accrued expense increased from Dec. 2021 ($549 Mil) to Dec. 2022 ($555 Mil) but then declined from Dec. 2022 ($555 Mil) to Dec. 2023 ($539 Mil).

Martin Marietta Materials Accounts Payable & Accrued Expense Historical Data

The historical data trend for Martin Marietta Materials's Accounts Payable & Accrued Expense 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 Accounts Payable & Accrued Expense Chart

Martin Marietta Materials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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329.90

354.10

549.20

554.80

539.40

Martin Marietta Materials Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															433.60	543.70	543.60	539.40	837.00

Martin Marietta Materials Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Martin Marietta Materials (LTS:0JZ0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Martin Marietta Materials Inc (LTS:0JZ0) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

MLM:USA MLM:Mexico MMX:Germany M1LM34:Brazil

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 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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