Marriot Vacations Worldwide (VAC)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,967,000 | 4,727,000 | 4,617,000 | 3,890,000 | 2,886,000 |
| Property, plant and equipment | US$ in thousands | — | — | 1,241,000 | 1,136,000 | 922,000 |
| Fixed asset turnover | — | — | 3.72 | 3.42 | 3.13 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,967,000K ÷ $—K
= —
Marriot Vacations Worldwide's fixed asset turnover ratio has shown a consistent improvement over the past few years, increasing from 3.13 in December 31, 2020, to 3.42 in December 31, 2021, and further to 3.72 in December 31, 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets. However, the data for December 31, 2023, and December 31, 2024, is unavailable (denoted by "—"), which limits the ability to assess the company's performance in those years. Overall, the trend of increasing fixed asset turnover ratio suggests that Marriot Vacations Worldwide has been utilizing its fixed assets more efficiently to generate sales revenue.