Marriott International Inc (MAR)
Receivables turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 20,972,000 | 20,890,000 | 20,657,000 | 20,761,000 |
| Receivables | US$ in thousands | 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 | 2,395,000 | 2,394,000 | 2,328,000 | 2,218,000 |
| Receivables turnover | 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 | 8.76 | 8.73 | 8.87 | 9.36 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $23,713,000K ÷ $2,712,000K
= 8.74
Marriott International, Inc.'s receivables turnover ratio has shown relatively consistent performance over the past eight quarters, ranging from 7.45 to 9.01. The ratio measures the efficiency with which the company collects on its credit sales during a specific period.
In the most recent quarter (Q4 2023), the receivables turnover ratio was 8.74, indicating that Marriott collected its accounts receivable approximately 8.74 times during that quarter. This is a slight improvement compared to the preceding quarter (Q3 2023), where the ratio was 8.71.
Overall, Marriott's receivables turnover has generally been robust and above 8 over the past eight quarters, suggesting a healthy efficiency in collecting payments from its customers. An increasing trend in the turnover ratio indicates that Marriott is collecting payments more quickly, which is a positive sign for the company's liquidity and cash flow management.
However, it is essential for Marriott to continue monitoring this ratio to ensure that receivables are being managed effectively and that potential issues with credit policies or customer payment delays are promptly addressed.
Peer comparison
Dec 31, 2023
See also:
Marriott International Inc Receivables Turnover (Quarterly Data)