Marriott International Inc (MAR)

Total asset 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
Total assets	US$ in thousands	26,182,000	26,209,000	25,740,000	25,756,000	25,674,000	25,267,000	25,087,000	24,863,000	24,815,000	24,763,000	24,615,000	25,238,000	25,553,000	24,506,000	24,504,000	24,369,000	24,701,000	25,148,000	25,680,000	25,549,000
Total asset turnover		0.96	0.94	0.95	0.93	0.92	0.93	0.91	0.89	0.84	0.78	0.73	0.62	0.54	0.47	0.40	0.34	0.43	0.55	0.65	0.81

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $25,100,000K ÷ $26,182,000K
= 0.96

Marriott International Inc's total asset turnover has exhibited a declining trend over the period from March 31, 2020, to December 31, 2024. The total asset turnover ratio, which measures the efficiency of the company in generating revenue from its assets, has fluctuated in the range of 0.34 to 0.96 during this time frame.

Initially, the total asset turnover ratio stood at 0.81 on March 31, 2020, indicating that the company generated $0.81 in revenue for every dollar of assets. However, there was a significant decrease in the ratio to 0.43 by December 31, 2020, suggesting a decline in efficiency in utilizing its assets to generate revenue.

Subsequently, there was a gradual recovery in the total asset turnover ratio, reaching 0.96 by December 31, 2024. This improvement indicates that Marriott International Inc was able to enhance its efficiency in asset utilization and generate more revenue relative to the value of its assets.

Overall, the fluctuation in the total asset turnover ratio of Marriott International Inc reflects varying levels of asset efficiency and revenue generation over the analyzed period.