Marriot Vacations Worldwide (VAC)
Receivables 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,727,000K ÷ $—K
= —
Marriott Vacations Worldwide Corp's receivables turnover ratio has shown fluctuation over the past eight quarters. The ratio ranges from a low of 1.73 in Q4 2023 to a high of 1.91 in Q3 2022. Generally, a higher receivables turnover ratio indicates a more efficient collection of receivables and a lower average collection period.
The decline in the receivables turnover ratio from Q3 2022 to Q4 2023 may suggest that the company took longer to collect its accounts receivable in the most recent quarter compared to the same quarter the previous year. This could indicate potential issues with collecting payments from customers or an increase in credit sales that have not yet been collected.
It is important for Marriott Vacations Worldwide Corp to monitor its receivables turnover ratio consistently to ensure that the company is efficiently managing its accounts receivable and collecting payments in a timely manner. Further analysis and investigation into the reasons behind the fluctuations in the receivables turnover ratio may be necessary to address any underlying issues and maintain a healthy cash flow for the business.