Marriot Vacations Worldwide (VAC)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,967,000 | 4,727,000 | 4,617,000 | 3,890,000 | 2,886,000 |
| Total assets | US$ in thousands | 9,808,000 | 9,680,000 | 9,639,000 | 9,613,000 | 8,898,000 |
| Total asset turnover | 0.51 | 0.49 | 0.48 | 0.40 | 0.32 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,967,000K ÷ $9,808,000K
= 0.51
Marriot Vacations Worldwide's total asset turnover has been gradually improving over the past five years, increasing from 0.32 in December 2020 to 0.51 in December 2024. This indicates that the company is generating more revenue relative to its total assets. A higher total asset turnover ratio suggests that Marriot Vacations Worldwide is utilizing its assets more efficiently to generate sales. This improvement may be attributed to effective management of assets and increased revenue generation. It shows that the company is becoming more effective in using its assets to drive sales and generate revenue.