Marriot Vacations Worldwide (VAC)
Total asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,967,000 | 4,834,000 | 4,715,000 | 4,753,000 | 4,727,000 | 4,709,000 | 4,775,000 | 4,761,000 | 4,644,000 | 4,568,000 | 4,368,000 | 4,183,000 | 3,890,000 | 3,537,000 | 3,134,000 | 2,635,000 | 2,886,000 | 3,284,000 | 3,774,000 | 4,362,000 |
| Total assets | US$ in thousands | 9,808,000 | 9,740,000 | 9,611,000 | 9,867,000 | 9,680,000 | 9,453,000 | 9,482,000 | 9,602,000 | 9,639,000 | 9,237,000 | 9,340,000 | 9,503,000 | 9,613,000 | 9,543,000 | 10,414,000 | 9,187,000 | 8,898,000 | 9,011,000 | 9,117,000 | 9,432,000 |
| 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,967,000K ÷ $9,808,000K
= 0.51
The total asset turnover ratio of Marriot Vacations Worldwide has shown a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.46 on March 31, 2020, indicating that the company generated $0.46 in sales for every dollar of assets it owned.
The ratio then declined steadily until March 31, 2021, reaching 0.29, suggesting a slowdown in the efficiency of using its assets to generate sales. However, from there, the total asset turnover ratio started to gradually improve, showing an upward trend until December 31, 2024, where it stood at 0.51.
The increase in the total asset turnover ratio indicates that Marriot Vacations Worldwide has been more effective in utilizing its assets to generate revenue and sales. A higher ratio signifies that the company is generating more sales from its assets, which is a positive indicator of operational efficiency and productivity. It also suggests that the company has improved its asset management and is potentially operating more efficiently in terms of utilizing its resources.