Marriot Vacations Worldwide (VAC)
Total asset 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 |
| Total assets | US$ in thousands | 9,680,000 | 9,639,000 | 9,613,000 | 8,898,000 | 9,214,000 |
| Total asset turnover | 0.49 | 0.48 | 0.40 | 0.32 | 0.46 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,727,000K ÷ $9,680,000K
= 0.49
Marriott Vacations Worldwide Corp's total asset turnover has shown fluctuations over the past five years, ranging from 0.32 to 0.49. The company's ability to generate sales from its total assets has improved from 2020 to 2023, indicating an upward trend in efficiency. However, in 2021, there was a slight decline in total asset turnover compared to the previous year. Overall, the company seems to be effectively utilizing its assets to generate revenue, with the highest ratio reported in 2023. This suggests that Marriott Vacations Worldwide Corp is effectively managing its assets to drive sales growth.