Marriott International Inc (MAR)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 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 | 1,993,000 | 2,011,000 | 2,064,000 | 2,607,000 |
| Long-term debt | US$ in thousands | 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 | 9,812,000 | 10,399,000 | 10,031,000 | 9,869,000 |
| Total stockholders’ equity | US$ in thousands | -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 | 703,000 | 838,000 | 1,240,000 | 1,603,000 |
| Return on total capital | 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% | 18.95% | 17.90% | 18.31% | 22.72% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $3,943,000K ÷ ($11,197,000K + $-682,000K)
= 37.50%
Marriott International, Inc.'s return on total capital has shown a consistent upward trend over the past eight quarters, indicating an improving ability to generate returns from its total capital employed. The company's return on total capital ranged from 19.84% in Q1 2022 to 37.85% in Q3 2023, with the most recent quarter reporting a return of 35.14%. This indicates that Marriott is becoming more efficient in utilizing its capital to generate profits. The trend suggests that the company is effectively managing its investments and resources to create value for shareholders. Overall, Marriott International, Inc.'s performance in terms of return on total capital appears to be on an upward trajectory, reflecting positively on its financial management and operational efficiency.
Peer comparison
Dec 31, 2023