Marriott International Inc (MAR)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,083,000 | 2,358,000 | 1,099,000 | -267,000 | 1,273,000 |
| Total assets | US$ in thousands | 25,674,000 | 24,815,000 | 25,553,000 | 24,701,000 | 25,051,000 |
| ROA | 12.01% | 9.50% | 4.30% | -1.08% | 5.08% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $3,083,000K ÷ $25,674,000K
= 12.01%
Marriott International, Inc.'s return on assets (ROA) has shown an improving trend over the past five years. The ROA increased significantly from 5.08% in 2019 to 12.01% in 2023. This indicates that the company has been generating more profit relative to its total assets in recent years.
The steady improvement in ROA suggests that Marriott International has been effectively utilizing its assets to generate profitability. The 2023 ROA of 12.01% indicates that for every dollar of assets the company owns, it generates a profit of 12.01 cents.
Overall, the increasing trend in ROA reflects positively on Marriott International's asset management efficiency and profitability over the five-year period.
Peer comparison
Dec 31, 2023