Marriott International Inc (MAR)

Total asset 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
Total assets	US$ in thousands	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	25,051,000	24,812,000	24,893,000	24,746,000
Total asset turnover		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	0.84	0.84	0.83	0.84

December 31, 2023 calculation

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

Marriott International, Inc.'s total asset turnover has shown a consistent upward trend over the past eight quarters, indicating improved efficiency in generating revenue from its assets. The ratio increased from 0.62 in Q1 2022 to 0.92 in Q4 2023, reflecting a significant enhancement in asset utilization. This suggests that Marriott has been more effective in utilizing its assets to generate sales, which is a positive sign for the company's operational efficiency. The steady improvement in total asset turnover signifies Marriott's ability to maximize the productivity of its assets and indicates a positive trend in the company's financial performance.