Marriott International Inc (MAR)

Receivables turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Revenue (ttm)	US$ in thousands	25,100,000	24,766,000	24,439,000	24,075,000	23,713,000	23,541,000	22,926,000	22,189,000	20,773,000	19,296,000	17,929,000	15,740,000	13,857,000	11,583,000	9,891,000	8,206,000	10,571,000	13,770,000	16,800,000	20,641,000
Receivables	US$ in thousands	2,795,000	2,920,000	2,847,000	2,747,000	2,712,000	2,703,000	2,565,000	2,462,000	2,571,000	2,378,000	2,282,000	2,112,000	1,982,000	2,042,000	1,933,000	1,963,000	1,768,000	1,791,000	1,621,000	2,068,000
Receivables turnover		8.98	8.48	8.58	8.76	8.74	8.71	8.94	9.01	8.08	8.11	7.86	7.45	6.99	5.67	5.12	4.18	5.98	7.69	10.36	9.98

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $25,100,000K ÷ $2,795,000K
= 8.98

The receivables turnover ratio for Marriott International Inc has shown a fluctuating trend over the analyzed period, ranging from a high of 10.36 in June 2020 to a low of 4.18 in March 2021. This ratio indicates how effectively the company is collecting payments from its credit customers.

While the ratio initially increased from March 2020 to June 2020, it then experienced a significant decline, reaching its lowest point in March 2021. Subsequently, the ratio has shown a slow but steady recovery, with slight fluctuations from period to period.

Overall, the receivables turnover ratio for Marriott International Inc appears to have stabilized in the range of 8.00 to 9.00 in the most recent quarters. This suggests that the company has been able to improve its efficiency in collecting receivables and managing credit effectively. However, further monitoring of this ratio is advisable to ensure continued financial health and effective management of the company's accounts receivable.