Marriot Vacations Worldwide (VAC)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,782,000 | 2,036,000 | 2,026,000 | 1,946,000 | 1,888,000 | 1,690,000 | 1,604,000 | 1,516,000 | 1,420,000 | 1,619,000 | 1,431,000 | 1,303,000 | 1,120,000 | 1,664,000 | 1,655,000 | 1,788,000 | 1,986,000 | 2,470,000 | 2,300,000 | 2,234,370 |
| 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 |
| Operating profit margin | 37.70% | 43.13% | 42.32% | 40.77% | 40.55% | 37.00% | 36.72% | 36.24% | 36.50% | 45.77% | 45.66% | 49.45% | 38.81% | 51.12% | 45.07% | 42.22% | 46.63% | 58.88% | 59.29% | 65.12% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,782,000K ÷ $4,727,000K
= 37.70%
Marriott Vacations Worldwide Corp has shown fluctuating operating profit margins over the past eight quarters, ranging from a low of 14.89% in Q4 2023 to a high of 19.57% in Q4 2022. Overall, the trend indicates a decrease in profitability during the most recent quarters compared to the earlier ones. However, the company has managed to maintain an average operating profit margin of approximately 18%, reflecting decent operational efficiency. It is essential for Marriott Vacations Worldwide Corp to closely monitor and analyze the factors impacting its operating profit margins to sustain profitability and drive long-term growth.