Marriott International Inc (MAR)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	2,390,000	1,805,000	1,526,000	1,293,000	1,545,000
Inventory	US$ in thousands	—	—	—	3,770,000	2,984,000
Inventory turnover		—	—	—	0.34	0.52

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $2,390,000K ÷ $—K
= —

Based on the provided data, the inventory turnover for Marriott International Inc has shown a declining trend over the years.

As of December 31, 2020, the inventory turnover ratio was 0.52, indicating that the company turned over its inventory approximately 0.52 times during that year.

By December 31, 2021, the inventory turnover ratio decreased to 0.34, suggesting that the company was turning over its inventory at a slower rate compared to the previous year.

Unfortunately, there is no available data for the inventory turnover for the years 2022, 2023, and 2024, marked as "—". This lack of information limits the ability to assess the trend in inventory turnover for these periods.

Overall, a decreasing inventory turnover ratio may imply inefficiencies in managing inventory levels or slow sales, which can tie up capital and impact profitability. It would be important for Marriott International Inc to closely monitor and potentially improve its inventory management practices to enhance operational efficiency.