Marriott International Inc (MAR)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,864,000 | 4,142,000 | 4,001,000 | 3,855,000 | 3,462,000 | 3,101,000 | 2,688,000 | 2,224,000 | 1,750,000 | 987,000 | 694,000 | 54,000 | 84,000 | 486,000 | 841,000 | 1,404,000 | 1,800,000 | 1,948,000 | 1,937,000 | 2,346,000 |
| 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 |
| Operating ROA | 15.05% | 16.39% | 15.95% | 15.50% | 13.95% | 12.52% | 10.92% | 8.81% | 6.85% | 4.03% | 2.83% | 0.22% | 0.34% | 1.93% | 3.27% | 5.50% | 7.19% | 7.85% | 7.78% | 9.48% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $3,864,000K ÷ $25,674,000K
= 15.05%
Marriott International, Inc.'s operating return on assets (operating ROA) has shown a positive trend over the past eight quarters. The company's ability to generate earnings from its operating activities relative to its total assets has been improving steadily. The operating ROA increased from 14.07% in Q4 2022 to 15.32% in Q4 2023, indicating a higher efficiency in utilizing its assets to generate operating income.
The highest operating ROA of 16.60% was recorded in Q3 2023, demonstrating a peak in the company's operational performance during that period. This was followed by a slight decrease to 16.12% in Q2 2023 and further to 15.59% in Q1 2023, showing some fluctuation in the operating ROA but still maintaining a relatively strong performance overall.
Comparing the latest figures to those from a year ago, there has been a noticeable improvement in Marriott's operating ROA. The company's ability to generate operating income from its assets has increased significantly, with the operating ROA rising from 8.84% in Q1 2022 to 15.59% in Q1 2023.
Overall, Marriott International, Inc.'s operating ROA trend reflects positive operational efficiency and profitability, indicating effective management of its assets to generate earnings from its core business activities.
Peer comparison
Dec 31, 2023