Marriot Vacations Worldwide (VAC)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 254,000 | 307,000 | 374,000 | 420,000 | 391,000 | 364,000 | 265,000 | 135,000 | 49,000 | -49,000 | -121,000 | -197,000 | -275,000 | -164,000 | -111,000 | 8,000 | 138,000 | 108,000 | 81,000 | 43,000 |
| 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 |
| Net profit margin | 5.37% | 6.50% | 7.81% | 8.80% | 8.40% | 7.97% | 6.07% | 3.23% | 1.26% | -1.39% | -3.86% | -7.48% | -9.53% | -5.04% | -3.02% | 0.19% | 3.24% | 2.57% | 2.09% | 1.25% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $254,000K ÷ $4,727,000K
= 5.37%
Marriott Vacations Worldwide Corp's net profit margin has shown a fluctuating trend over the past eight quarters. The net profit margin ranged from 3.23% in Q1 2022 to 8.80% in Q1 2023. The highest net profit margin was recorded in Q1 2023, indicating efficient cost management and higher profitability during that period. However, the net profit margin declined in subsequent quarters, reaching 5.37% in Q4 2023. This decline suggests a potential increase in expenses or a decrease in revenue in the most recent quarter. Overall, while the company has demonstrated varying levels of profitability, closer monitoring of cost structures and revenue generation strategies may be necessary to maintain or improve the net profit margin in the future.