Marriott International Inc (MAR)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		8.74	8.08	6.99	5.98	8.76
DSO	days	41.74	45.17	52.21	61.05	41.68

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.74
= 41.74

To analyze Marriott International, Inc.'s days of sales outstanding (DSO) over the past five years, we observe a fluctuating trend.

In 2023, the DSO was 41.74 days, indicating the average number of days it takes for the company to collect revenue from its sales. This represents an improvement from 2022, where the DSO was 45.17 days, suggesting more efficient collection of accounts receivable.

Comparing 2022 to 2021, there was a noticeable increase in DSO from 45.17 days to 52.21 days. This indicates a potential delay in collecting sales proceeds in 2021 compared to the previous year.

Further back, in 2020, the DSO was 61.05 days, reflecting a significant increase from the previous year. This suggests that Marriott International faced challenges in collecting revenues efficiently during that period.

In contrast, in 2019, the DSO was relatively low at 41.68 days, showing efficient collection of sales proceeds.

Overall, Marriott International's DSO has exhibited fluctuations over the past five years, indicating varying efficiency levels in collecting accounts receivable. It is essential for the company to monitor and manage its DSO to ensure optimal cash flow and financial performance.