Marriott International Inc (MAR)

Total asset 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
Total assets	US$ in thousands	25,674,000	24,815,000	25,553,000	24,701,000	25,051,000
Total asset turnover		0.92	0.84	0.54	0.43	0.84

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $23,713,000K ÷ $25,674,000K
= 0.92

Marriott International, Inc.'s total asset turnover has exhibited fluctuations over the past five years. The ratio increased from 0.84 in 2019 to 0.92 in 2020 before experiencing a significant drop to 0.54 in 2021. This decrease suggests that the company may not have efficiently utilized its assets to generate revenue in 2021. However, there was a notable improvement as the ratio climbed to 0.84 in 2022, aligning more closely with the 2019 level. Overall, the trend indicates some variability in how effectively Marriott International has been generating revenue relative to its total assets.