Marriot Vacations Worldwide (VAC)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,638,000 | 1,787,000 | 1,361,000 | 768,000 | 1,184,000 |
| Revenue | US$ in thousands | 4,727,000 | 4,656,000 | 3,890,000 | 2,886,000 | 4,259,000 |
| Operating profit margin | 34.65% | 38.38% | 34.99% | 26.61% | 27.80% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,638,000K ÷ $4,727,000K
= 34.65%
Marriott Vacations Worldwide Corp's operating profit margin has exhibited fluctuating trends over the past five years. In 2023, the operating profit margin decreased to 14.89% from 19.57% in 2022, indicating a decline in profitability. However, the margin remained relatively stable compared to 2021 when it was 14.63%. Notably, there was a significant improvement in operating profit margin in 2022 compared to 2020, where the margin was substantially lower at 4.44%. The company experienced a peak operating profit margin of 15.38% in 2019. Overall, while there have been fluctuations in operating profit margin, Marriott Vacations Worldwide Corp has generally maintained reasonable profitability levels over the past five years. Further analysis may be necessary to identify the factors driving these fluctuations and assess the company's operational efficiency and effectiveness.