Marriott International Inc (MAR)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,805,000 | 1,526,000 | 1,293,000 | 1,545,000 | 1,789,000 |
| Inventory | US$ in thousands | — | — | 3,770,000 | 2,984,000 | 3,244,000 |
| Inventory turnover | — | — | 0.34 | 0.52 | 0.55 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,805,000K ÷ $—K
= —
To calculate Marriott International, Inc.'s inventory turnover ratio, we need the values of cost of goods sold and average inventory for each respective year. The inventory turnover ratio is a measure of how many times a company sells and replaces its inventory during a specific period.
Without the specific data for cost of goods sold and average inventory for the years listed, we are unable to calculate the inventory turnover ratio for Marriott International, Inc. However, a higher inventory turnover ratio generally indicates that a company is managing its inventory efficiently by quickly selling its products and restocking at an appropriate pace. Conversely, a lower turnover ratio could suggest overstocking or slow-moving inventory, leading to potential carrying costs or obsolescence risks.
Peer comparison
Dec 31, 2023