Marriott International Inc (MAR)
Total asset 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 |
| Total assets | US$ in thousands | 26,182,000 | 25,674,000 | 24,815,000 | 25,553,000 | 24,701,000 |
| Total asset turnover | 0.96 | 0.92 | 0.84 | 0.54 | 0.43 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $25,100,000K ÷ $26,182,000K
= 0.96
The total asset turnover for Marriott International Inc has shown a steady increase over the years, reflecting an improvement in the company's efficiency in generating revenues relative to its total assets.
From 2020 to 2021, the total asset turnover ratio increased from 0.43 to 0.54, indicating a better utilization of assets to generate sales. This upward trend continued with significant jumps in 2022 and 2023, reaching 0.84 and 0.92, respectively.
In 2024, the total asset turnover further improved to 0.96, suggesting that Marriott International Inc is efficiently managing its assets to drive sales growth. Overall, the increasing trend in total asset turnover signifies the company's ability to leverage its assets effectively to generate revenue, which is a positive indicator of operational efficiency and financial performance.
Peer comparison
Dec 31, 2024