Marriott International Inc (MAR)
Working capital 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 current assets | US$ in thousands | 3,311,000 | 3,313,000 | 3,626,000 | 2,825,000 | 3,127,000 |
| Total current liabilities | US$ in thousands | 7,762,000 | 7,339,000 | 6,407,000 | 5,752,000 | 6,677,000 |
| Working capital turnover | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $23,713,000K ÷ ($3,311,000K – $7,762,000K)
= —
To calculate the working capital turnover for Marriott International, Inc., we need the formula:
Working Capital Turnover = Net Sales / Average Working Capital
However, without specific data for the net sales and working capital figures for the years provided (2023 to 2019), we are unable to compute the working capital turnover ratio.
The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales. A higher ratio indicates better efficiency in utilizing working capital to generate revenues. It helps assess the liquidity and operational efficiency of the company.
For a more detailed analysis and interpretation, specific figures for net sales and working capital would be necessary to calculate and compare the working capital turnover ratio over the years.
Peer comparison
Dec 31, 2023