Marriot Vacations Worldwide (VAC)
Total asset 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 |
| Total assets | US$ in thousands | 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 | 9,214,000 | 9,059,000 | 9,023,000 | 9,112,000 |
| Total asset turnover | 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 | 0.40 | 0.45 | 0.46 | 0.46 | 0.43 | 0.38 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,727,000K ÷ $9,680,000K
= 0.49
Marriott Vacations Worldwide Corp's total asset turnover has been relatively stable over the past eight quarters, ranging from 0.44 to 0.50. This ratio indicates how efficiently the company is utilizing its assets to generate revenue.
The average total asset turnover ratio for the past eight quarters is approximately 0.48, suggesting that, on average, the company generates $0.48 of revenue for every $1 of assets it possesses. This indicates that Marriott Vacations Worldwide Corp is effectively using its assets to generate sales.
A total asset turnover ratio below 1 may indicate that the company has a high level of assets compared to its sales. However, the relatively stable ratio over the quarters indicates that Marriott Vacations Worldwide Corp has been consistent in utilizing its assets efficiently to drive revenue generation.
Overall, the analysis of Marriott Vacations Worldwide Corp's total asset turnover suggests that the company is effectively managing its assets to generate sales, indicating a good level of efficiency in utilizing its resources.