Marriot Vacations Worldwide (VAC)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 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 | 9,214,000 | 9,059,000 | 9,023,000 | 9,112,000 |
| Operating ROA | 18.41% | 21.54% | 21.37% | 20.27% | 19.59% | 18.30% | 17.17% | 15.95% | 14.77% | 16.97% | 13.74% | 14.18% | 12.59% | 18.47% | 18.15% | 18.96% | 21.55% | 27.27% | 25.49% | 24.52% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,782,000K ÷ $9,680,000K
= 18.41%
Over the past eight quarters, Marriott Vacations Worldwide Corp's operating return on assets (operating ROA) has fluctuated within a range of 7.27% to 9.69%. The highest operating ROA was recorded in Q1 2023 at 9.69%, indicating that the company generated a higher level of operating income in relation to its total assets during that period.
Overall, the trend shows some variability but with generally strong performance in terms of utilizing assets to generate operating profits. In Q2 and Q3 2022, operating ROA was relatively stable at around 8.42% and 8.08% respectively. There was a slight decline in Q4 2022 (9.45%) compared to the following quarters.
It is worth noting that the operating ROA peaked in Q1 2023 but then started to decrease in the subsequent quarters. The operating ROA provides insight into the company's efficiency in generating operating income relative to its asset base over time, which can be crucial for assessing operational performance and effectiveness in asset utilization.