Marriot Vacations Worldwide (VAC)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,509,000 | 1,291,000 | 1,329,000 | 1,362,000 | 1,328,000 | 1,463,000 | 1,406,000 | 1,357,000 | 1,251,000 | 962,000 | 855,000 | 671,000 | 919,000 | 1,231,000 | 1,451,000 | 1,678,000 | 1,577,000 | 1,134,000 | 1,046,000 | 834,505 |
| Inventory | US$ in thousands | 634,000 | 642,000 | 660,000 | 672,000 | 660,000 | 668,000 | 695,000 | 693,000 | 719,000 | 741,000 | 833,000 | 785,000 | 759,000 | 761,000 | 10,000 | 21,000 | 82,000 | 59,000 | 48,000 | 37,000 |
| Inventory turnover | 2.38 | 2.01 | 2.01 | 2.03 | 2.01 | 2.19 | 2.02 | 1.96 | 1.74 | 1.30 | 1.03 | 0.85 | 1.21 | 1.62 | 145.10 | 79.90 | 19.23 | 19.22 | 21.79 | 22.55 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,509,000K ÷ $634,000K
= 2.38
Marriott Vacations Worldwide Corp's inventory turnover ratio has exhibited a relatively stable trend over the past eight quarters, ranging from 1.64 to 1.76. The company's inventory turnover ratio indicates that it takes approximately 1.64 to 1.76 times per year for Marriott Vacations Worldwide Corp to sell through its inventory. This implies that the company effectively manages its inventory levels, as a higher turnover ratio typically suggests efficient inventory management and indicates that inventory is selling quickly. Overall, Marriott Vacations Worldwide Corp's consistent inventory turnover ratios indicate a disciplined approach to inventory management, which may help enhance the company's liquidity and profitability.