Marriott International Inc (MAR)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 25,100,000 | 23,713,000 | 20,773,000 | 13,857,000 | 10,571,000 |
| Property, plant and equipment | US$ in thousands | 1,833,000 | 1,581,000 | 1,585,000 | 1,503,000 | 1,514,000 |
| Fixed asset turnover | 13.69 | 15.00 | 13.11 | 9.22 | 6.98 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $25,100,000K ÷ $1,833,000K
= 13.69
Marriott International Inc's fixed asset turnover has shown a consistent upward trend from 2020 to 2024. The ratio has increased significantly over this period, starting at 6.98 in 2020 and reaching 13.69 in 2024. This indicates that Marriott is generating more revenue for each dollar invested in fixed assets, reflecting efficient utilization of its fixed assets. The steady increase in fixed asset turnover over the years suggests that Marriott has been effectively managing and utilizing its fixed assets to generate revenue. This improvement in efficiency is a positive sign for the company's operational performance and financial health.
Peer comparison
Dec 31, 2024