Marriot Vacations Worldwide (VAC)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,727,000 | 4,721,000 | 4,787,000 | 4,773,000 | 4,656,000 | 4,568,000 | 4,368,000 | 4,183,000 | 3,890,000 | 3,537,000 | 3,134,000 | 2,635,000 | 2,886,000 | 3,255,000 | 3,672,000 | 4,235,000 | 4,259,000 | 4,195,000 | 3,879,000 | 3,431,000 |
| Property, plant and equipment | US$ in thousands | 1,095,000 | 1,250,000 | 1,221,000 | 1,215,000 | 1,051,000 | 1,136,000 | 1,151,000 | 1,162,000 | 1,047,000 | 1,077,000 | 1,026,000 | 887,000 | 783,000 | 809,000 | 835,000 | 833,000 | 718,000 | 770,000 | 837,000 | 848,000 |
| Fixed asset turnover | 4.32 | 3.78 | 3.92 | 3.93 | 4.43 | 4.02 | 3.79 | 3.60 | 3.72 | 3.28 | 3.05 | 2.97 | 3.69 | 4.02 | 4.40 | 5.08 | 5.93 | 5.45 | 4.63 | 4.05 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,727,000K ÷ $1,095,000K
= 4.32
Marriott Vacations Worldwide Corp's fixed asset turnover has been relatively stable over the past eight quarters, ranging from 3.60 to 4.09. The fixed asset turnover ratio measures how efficiently the company is utilizing its fixed assets to generate revenue.
The trend indicates that Marriott Vacations Worldwide Corp has been effectively utilizing its fixed assets to generate sales, with higher ratios indicating a better utilization of fixed assets. The slight fluctuations in the ratio imply that the company's efficiency in utilizing fixed assets has been consistent over the quarters.
The consistently high fixed asset turnover ratios reflect positively on Marriott Vacations Worldwide Corp's operational efficiency and ability to generate revenue from its fixed assets. This implies that the company is efficiently managing its property, plant, and equipment to drive revenue growth. Overall, the trend in fixed asset turnover suggests that Marriott Vacations Worldwide Corp is effectively managing and utilizing its fixed assets to drive its business performance.