Marriot Vacations Worldwide (VAC)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,727,000 | 4,656,000 | 3,890,000 | 2,886,000 | 4,259,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,727,000K ÷ $—K
= —
Marriott Vacations Worldwide Corp's receivables turnover ratio has fluctuated over the past five years. It decreased from 1.70 in 2019 to 1.36 in 2020, indicating a potential difficulty in collecting receivables efficiently. However, there was an improvement in 2021 with a receivables turnover of 1.67, suggesting better management of receivables. The ratio further increased to 1.87 in 2022, showing a continued enhancement in receivables management. In 2023, the ratio declined slightly to 1.73, but it still remains relatively strong compared to prior years. This trend indicates that Marriott Vacations Worldwide Corp is effectively converting its accounts receivable into cash, although the efficiency has varied over the years.