Marriott International Inc (MAR)

Return on assets (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
Net income (ttm)	US$ in thousands	3,083,000	2,908,000	2,786,000	2,738,000	2,358,000	2,153,000	1,743,000	1,487,000	1,099,000	467,000	347,000	-309,000	-267,000	176,000	463,000	929,000	1,273,000	1,311,000	1,427,000	1,862,000
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
ROA		12.01%	11.51%	11.11%	11.01%	9.50%	8.69%	7.08%	5.89%	4.30%	1.91%	1.42%	-1.27%	-1.08%	0.70%	1.80%	3.64%	5.08%	5.28%	5.73%	7.52%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $3,083,000K ÷ $25,674,000K
= 12.01%

Marriott International, Inc.'s return on assets (ROA) has shown a consistent growth trend over the past eight quarters, increasing from 5.89% in Q1 2022 to 12.01% in Q4 2023. This indicates that the company has been effectively utilizing its assets to generate profits. The steady improvement in ROA reflects positive management of the company's asset base to drive higher earnings. The upward trajectory in ROA suggests that Marriott has been successful in efficiently leveraging its assets to generate higher returns for its stakeholders. Overall, the trend in ROA for Marriott International, Inc. indicates improving operational efficiency and profitability.