Marriot Vacations Worldwide (VAC)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,298,000 | 1,301,000 | 1,207,000 | 1,888,000 | 1,928,000 | 1,982,000 | 1,414,000 | 865,000 | 831,000 | 743,000 | 631,000 | 461,000 | 317,000 | 217,000 | 50,000 | -74,000 | -209,000 | -78,000 | -7,000 | 149,000 |
| Total assets | US$ in thousands | 9,808,000 | 9,740,000 | 9,611,000 | 9,867,000 | 9,680,000 | 9,453,000 | 9,482,000 | 9,602,000 | 9,639,000 | 9,237,000 | 9,340,000 | 9,503,000 | 9,613,000 | 9,543,000 | 10,414,000 | 9,187,000 | 8,898,000 | 9,011,000 | 9,117,000 | 9,432,000 |
| Operating ROA | 13.23% | 13.36% | 12.56% | 19.13% | 19.92% | 20.97% | 14.91% | 9.01% | 8.62% | 8.04% | 6.76% | 4.85% | 3.30% | 2.27% | 0.48% | -0.81% | -2.35% | -0.87% | -0.08% | 1.58% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,298,000K ÷ $9,808,000K
= 13.23%
Marriot Vacations Worldwide's operating return on assets (operating ROA) has shown fluctuations over the periods from March 31, 2020, to December 31, 2024. The trend indicates a gradual improvement in operational efficiency and profitability.
The operating ROA started at a modest 1.58% on March 31, 2020, but then dipped to negative figures in the following quarters, showing operational challenges. However, the company managed to turn it around by June 30, 2022, with a significant increase to 6.76%. This positive momentum continued, reaching a peak of 20.97% on September 30, 2023.
The trend turned slightly downward in the latter part of 2023, fluctuating around the high teens to mid-teens range. By December 31, 2024, Marriot Vacations Worldwide's operating ROA stood at 13.23%.
Overall, the increasing trend in operating ROA from 2020 to 2023 reflects the company's efforts to enhance operational efficiency and generate higher returns from its assets. The company should continue monitoring and improving their operations to sustain profitability and create long-term value for its stakeholders.