Marriot Vacations Worldwide (VAC)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,105,000 | 1,878,000 | 1,753,000 | 2,036,000 | 2,274,000 | 2,513,000 | 1,991,000 | 2,029,000 | 1,978,000 | 1,922,000 | 1,790,000 | 1,654,000 | 1,453,000 | 1,201,000 | 932,000 | 616,000 | 729,000 | 1,002,000 | 1,293,000 | 1,678,000 |
| 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 |
| Gross profit margin | 42.38% | 38.85% | 37.18% | 42.84% | 48.11% | 53.37% | 41.70% | 42.62% | 42.59% | 42.08% | 40.98% | 39.54% | 37.35% | 33.96% | 29.74% | 23.38% | 25.26% | 30.51% | 34.26% | 38.47% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,105,000K ÷ $4,967,000K
= 42.38%
Marriott Vacations Worldwide's gross profit margin has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The trend indicates that the gross profit margin gradually decreased from 38.47% in March 2020 to 25.26% in December 2020. However, there was a positive reversal as the margin increased to 42.59% by December 2022.
Subsequently, from March 2023 to June 2023, the gross profit margin remained relatively stable around the mid-40% range. A notable spike was observed in September 2023, where the gross profit margin significantly increased to 53.37%.
Although there was a slight decrease in the margin by December 2023, the trend remained positive overall. The gross profit margin fluctuated between 37.18% and 42.84% from March 2024 to June 2024, before showing a slight increase to 42.38% by December 2024.
Overall, the gross profit margin of Marriott Vacations Worldwide exhibits variability, including both upward and downward trends, reflecting the company's ability to effectively manage costs and generate revenues during the analyzed period.