Marriot Vacations Worldwide (VAC)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.89 | 3.84 | 4.61 | 4.27 | 3.87 | 3.42 | 4.22 | 4.07 | 4.04 | 3.96 | 3.71 | 3.65 | 3.39 | 3.15 | 2.64 | 2.57 | 2.84 | 3.00 | 3.22 | 3.46 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 1.78 | 1.69 | 1.79 | 1.79 | 1.79 | 1.83 | 1.83 | 1.87 | 1.73 | 1.87 | 1.75 | 1.80 | 1.51 | 1.63 | 0.83 | 0.96 | 0.96 | 1.16 | 1.18 | 1.29 |
Marriott Vacations Worldwide's activity ratios indicate how efficiently the company manages its inventory, receivables, payables, and working capital.
1. Inventory Turnover: The inventory turnover ratio has shown a generally increasing trend over the past few years, from 3.46 on March 31, 2020, to 3.89 on December 31, 2024. This suggests that the company is selling its inventory more frequently, which is a positive sign indicating efficient inventory management.
2. Receivables Turnover: The receivables turnover ratio is not available for the given periods, indicating that there is no data to assess how quickly the company collects its receivables from customers. However, a high turnover ratio in this aspect would generally be preferable as it signifies faster collection of payments.
3. Payables Turnover: Similarly, the payables turnover ratio is also not available for the specified periods, making it difficult to assess how quickly the company pays off its suppliers. A higher turnover ratio in payables is usually favorable as it suggests quicker payment terms.
4. Working Capital Turnover: The working capital turnover ratio has fluctuated over the years, with a general improvement from 1.18 on June 30, 2020, to 1.78 on December 31, 2024. This indicates that the company is generating revenue efficiently relative to its working capital, reflecting effective management of its assets to generate sales.
Overall, the increasing trend in inventory turnover and the general improvement in working capital turnover suggest that Marriott Vacations Worldwide is effectively managing its operational assets and generating sales efficiently over the years. The lack of data for receivables and payables turnover ratios limits a comprehensive evaluation of the company's overall efficiency in managing its working capital cycle.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 93.74 | 94.95 | 79.24 | 85.57 | 94.34 | 106.71 | 86.53 | 89.78 | 90.36 | 92.15 | 98.40 | 100.02 | 107.69 | 115.78 | 138.08 | 141.91 | 128.44 | 121.72 | 113.43 | 105.53 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Marriott Vacations Worldwide has shown a fluctuating trend in its Days of Inventory on Hand (DOH) ratio over the years, indicating the number of days it takes for the company to sell its inventory. The ratio has generally been decreasing from 105.53 days on March 31, 2020, to 79.24 days on June 30, 2024, before slightly increasing to 93.74 days on December 31, 2024. This suggests the company has been improving its efficiency in managing inventory levels, with a slight increase towards the end of the period.
On the other hand, there is no data available for the Days of Sales Outstanding (DSO) and the Number of Days of Payables ratios. This lack of data makes it challenging to assess the efficiency of Marriott Vacations Worldwide in collecting receivables and managing its payables.
Overall, based on the available information, Marriott Vacations Worldwide's activity ratios reflect some improvements in inventory management efficiency over the period, while the absence of data for DSO and payables ratios limits a comprehensive analysis of the company's overall liquidity and working capital management.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total asset turnover | 0.51 | 0.50 | 0.49 | 0.48 | 0.49 | 0.50 | 0.50 | 0.50 | 0.48 | 0.49 | 0.47 | 0.44 | 0.40 | 0.37 | 0.30 | 0.29 | 0.32 | 0.36 | 0.41 | 0.46 |
Marriott Vacations Worldwide's fixed asset turnover ratio has been fluctuating over the past few years, indicating varying efficiency in generating sales from its fixed assets. The ratio decreased from 5.24 in March 2020 to 3.77 in September 2023, but exhibited a slight recovery to 3.92 in March 2023. This suggests that the company may have experienced challenges in optimizing the utilization of its fixed assets during this period.
On the other hand, the total asset turnover ratio reflects Marriott Vacations Worldwide's ability to generate sales from its total assets. The ratio declined from 0.46 in March 2020 to 0.29 in March 2021, indicating a decrease in efficiency in utilizing its total assets to generate sales. However, there was a steady improvement in the ratio from March 2021 onwards, reaching 0.50 by March 2023, which suggests that the company enhanced its ability to generate revenue from its assets.
Overall, these long-term activity ratios provide insights into Marriott Vacations Worldwide's operational efficiency and asset utilization over time, highlighting areas where the company may have improved or faced challenges.