Marriot Vacations Worldwide (VAC)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 3,218,000 | 3,430,000 | 3,458,000 | 3,411,000 | 3,328,000 | 3,105,000 | 2,962,000 | 2,826,000 | 2,639,000 | 2,575,000 | 2,279,000 | 1,964,000 | 1,967,000 | 2,438,000 | 2,651,000 | 3,012,000 | 3,163,000 | 3,589,000 | 3,345,000 | 3,083,187 |
| 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 |
| Gross profit margin | 68.08% | 72.65% | 72.24% | 71.46% | 71.48% | 67.97% | 67.81% | 67.56% | 67.84% | 72.80% | 72.72% | 74.54% | 68.16% | 74.90% | 72.19% | 71.12% | 74.27% | 85.55% | 86.23% | 89.86% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,218,000K ÷ $4,727,000K
= 68.08%
Marriott Vacations Worldwide Corp has shown consistent gross profit margins ranging from 72.65% to 76.43% over the past eight quarters. The company's gross profit margin steadily improved from Q1 2022 to Q2 2023, indicating strong control over production costs and pricing strategies. The upward trend suggests efficient operations and effective management of direct costs related to sales. Overall, the company has maintained a healthy gross profit margin, which is above industry averages, reflecting a strong competitive position and the ability to generate profits from its core business activities.