Marriot Vacations Worldwide (VAC)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,967,000 | 4,834,000 | 4,715,000 | 4,753,000 | 4,727,000 | 4,709,000 | 4,775,000 | 4,761,000 | 4,644,000 | 4,568,000 | 4,368,000 | 4,183,000 | 3,890,000 | 3,537,000 | 3,134,000 | 2,635,000 | 2,886,000 | 3,284,000 | 3,774,000 | 4,362,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 1,250,000 | 1,221,000 | 1,215,000 | 1,241,000 | 1,136,000 | 1,151,000 | 1,162,000 | 1,136,000 | 1,077,000 | 1,026,000 | 887,000 | 922,000 | 809,000 | 835,000 | 833,000 |
| Fixed asset turnover | — | — | — | — | — | 3.77 | 3.91 | 3.92 | 3.74 | 4.02 | 3.79 | 3.60 | 3.42 | 3.28 | 3.05 | 2.97 | 3.13 | 4.06 | 4.52 | 5.24 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,967,000K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company utilizes its fixed assets to generate revenue. In the case of Marriot Vacations Worldwide, the fixed asset turnover ratio has shown a gradual decline from 5.24 as of March 31, 2020, to 3.77 as of September 30, 2023. This decline indicates that the company's fixed assets are less productive in generating sales over the period analyzed.
However, there was a slight improvement in the fixed asset turnover ratio, which increased to 3.92 as of March 31, 2023, before stabilizing around the 3.7 range in the subsequent periods ending in December 31, 2023.
It is worth noting that as of the end of December 31, 2024, the data provided is unavailable, as denoted by the absence of a numerical value. This could be due to various reasons such as changes in reporting practices or data unavailability.
Overall, monitoring and analyzing the fixed asset turnover ratio of Marriot Vacations Worldwide can provide insights into how effectively the company is utilizing its fixed assets to generate revenue and help assess its operational efficiency over time.