Marriott International Inc (MAR)
Receivables 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 |
| Receivables | US$ in thousands | 2,795,000 | 2,712,000 | 2,571,000 | 1,982,000 | 1,768,000 |
| Receivables turnover | 8.98 | 8.74 | 8.08 | 6.99 | 5.98 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $25,100,000K ÷ $2,795,000K
= 8.98
The receivables turnover for Marriott International Inc has shown a consistent increase from 5.98 in December 2020 to 8.98 in December 2024. This indicates that the company is able to convert its accounts receivable into cash more efficiently over the years. A higher receivables turnover ratio generally signifies that the company is collecting outstanding payments from its customers at a faster rate, which is a positive signal of liquidity and potentially effective credit policies. The continual improvement in the receivables turnover ratio reflects positively on Marriott International Inc's management of its receivables and working capital efficiency.
Peer comparison
Dec 31, 2024