Marriot Vacations Worldwide (VAC)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 254,000 | 391,000 | 49,000 | -275,000 | 138,000 |
| Revenue | US$ in thousands | 4,727,000 | 4,656,000 | 3,890,000 | 2,886,000 | 4,259,000 |
| Net profit margin | 5.37% | 8.40% | 1.26% | -9.53% | 3.24% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $254,000K ÷ $4,727,000K
= 5.37%
Marriott Vacations Worldwide Corp's net profit margin has shown variability over the past five years. In 2023, the net profit margin stood at 5.37%, reflecting a decrease from the previous year's figure of 8.40%. The company's net profit margin was notably low in 2021 at 1.26%, before experiencing a significant decline to -9.53% in 2020. This negative net profit margin in 2020 indicates that the company's expenses exceeded its revenues for that year. However, there was a rebound in 2019 with a net profit margin of 3.17%.
Overall, the trend in net profit margin for Marriott Vacations Worldwide Corp suggests some volatility in the company's profitability over the past five years, with fluctuations reflecting changes in revenue generation and cost management strategies. It would be important for investors and analysts to further investigate the underlying factors contributing to these fluctuations to better understand the company's financial performance and prospects for future profitability.