Marriott International Inc (MAR)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 23,713,000 | 20,773,000 | 13,857,000 | 10,571,000 | 20,972,000 |
| Receivables | US$ in thousands | 2,712,000 | 2,571,000 | 1,982,000 | 1,768,000 | 2,395,000 |
| Receivables turnover | 8.74 | 8.08 | 6.99 | 5.98 | 8.76 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $23,713,000K ÷ $2,712,000K
= 8.74
Marriott International, Inc.'s receivables turnover has shown a fluctuating trend over the past five years. The ratio has generally been on an upward trajectory from 2019 to 2022, indicating an improvement in the company's efficiency in collecting receivables. However, in 2023, there was a slight decrease in the receivables turnover to 8.74 from 8.08 in 2022.
A higher receivables turnover ratio suggests that Marriott International, Inc. is collecting its accounts receivables more quickly, which is a positive sign of efficient management of credit sales and collection processes. This can help improve the company's cash flow and liquidity position.
Overall, the receivables turnover ratio for Marriott International, Inc. has been relatively stable and at a healthy level in recent years, indicating that the company has been effective in managing its accounts receivables.
Peer comparison
Dec 31, 2023