Marriott International Inc (MAR)
Return on total capital
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 3,781,000 | 3,763,000 | 3,954,000 | 3,863,000 | 3,943,000 | 4,215,000 | 4,049,000 | 3,918,000 | 3,517,000 | 3,156,000 | 2,572,000 | 2,089,000 | 1,600,000 | 753,000 | 608,000 | -53,000 | -21,000 | 602,000 | 989,000 | 1,576,000 |
| Long-term debt | US$ in thousands | 13,001,000 | 12,531,000 | 12,040,000 | 11,603,000 | 11,197,000 | 10,745,000 | 10,276,000 | 10,170,000 | 9,249,000 | 8,727,000 | 7,797,000 | 7,801,000 | 8,144,000 | 8,373,000 | 8,839,000 | 8,842,000 | 8,157,000 | 8,602,000 | 7,618,000 | 5,908,000 |
| Total stockholders’ equity | US$ in thousands | -2,992,000 | -2,421,000 | -2,091,000 | -1,616,000 | -682,000 | -661,000 | -224,000 | 140,000 | 568,000 | 1,063,000 | 1,772,000 | 1,772,000 | 1,414,000 | 918,000 | 796,000 | 234,000 | 430,000 | 229,000 | -79,000 | -20,000 |
| Return on total capital | 37.78% | 37.22% | 39.74% | 38.68% | 37.50% | 41.80% | 40.28% | 38.00% | 35.83% | 32.24% | 26.88% | 21.82% | 16.74% | 8.10% | 6.31% | -0.58% | -0.24% | 6.82% | 13.12% | 26.77% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $3,781,000K ÷ ($13,001,000K + $-2,992,000K)
= 37.78%
Marriott International Inc's return on total capital has displayed fluctuations over the analyzed period. From March 2020 to September 2021, the return on total capital experienced a decline from 26.77% to 8.10%. This downward trend was further accentuated by negative returns recorded at the end of 2020 and the first quarter of 2021.
However, the return on total capital started to improve from June 2021 onwards, showing a steady increase reaching 40.28% by June 2023. This positive momentum continued until March 2024 with a return of 38.68%.
Overall, the trend indicates that Marriott International Inc's return on total capital has shown resilience and recovery after a period of decline, demonstrating an improvement in the company's ability to generate profits relative to the total amount of capital invested.
Peer comparison
Dec 31, 2024