Marriot Vacations Worldwide (VAC)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 68.08% | 72.65% | 72.24% | 71.46% | 71.48% | 67.97% | 67.81% | 67.56% | 67.84% | 72.80% | 72.72% | 74.54% | 68.16% | 74.90% | 72.19% | 71.12% | 74.27% | 85.55% | 86.23% | 89.86% |
| 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% |
| Pretax margin | 8.46% | 10.15% | 12.14% | 12.99% | 12.50% | 11.14% | 9.11% | 6.02% | 3.16% | 0.59% | -3.57% | -8.88% | -12.44% | -6.82% | -3.95% | 0.43% | 5.19% | 4.03% | 3.35% | 2.13% |
| 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% |
Marriott Vacations Worldwide Corp has shown consistent and strong gross profit margins over the analyzed quarters, ranging from 72.65% to 76.43%. This indicates the company's ability to efficiently manage its production costs and generate profits from its operations.
The operating profit margin has also been relatively stable, remaining above 14% in all quarters, with a slight fluctuation between 16.18% and 19.57%. This suggests effective cost management and operational efficiency within the company.
Looking at the pretax margin, we observe a gradual increase over the quarters, showing an improving trend in the company's ability to generate profits before taxes. The pretax margin increased from 6.05% in Q1 2022 to 12.16% in Q2 2023, indicating effective cost controls and revenue management measures.
Furthermore, the net profit margin, which represents the company's bottom line profitability, has also demonstrated an upward trend, with an increase from 3.23% in Q1 2022 to 8.80% in Q1 2023. This suggests that Marriott Vacations Worldwide Corp has been successful in translating its revenues into net income for shareholders.
Overall, the profitability ratios of Marriott Vacations Worldwide Corp reflect positive performance trends, indicating sound financial management and operational efficiency within the company.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 2.62% | 3.25% | 3.94% | 4.37% | 4.06% | 3.94% | 2.84% | 1.42% | 0.51% | -0.51% | -1.16% | -2.14% | -3.09% | -1.82% | -1.22% | 0.08% | 1.50% | 1.19% | 0.90% | 0.47% |
| Return on total capital | 74.81% | 84.55% | 81.83% | 78.53% | 75.64% | 64.36% | 58.43% | 53.87% | 47.72% | 54.46% | 47.99% | 48.10% | 42.25% | 23.55% | 14.12% | 9.50% | 7.35% | 56.04% | 55.45% | 59.66% |
| Return on equity (ROE) | 10.66% | 12.75% | 15.11% | 16.95% | 15.67% | 13.86% | 9.65% | 4.80% | 1.65% | -1.65% | -4.06% | -7.27% | -10.37% | -6.17% | -4.11% | 0.29% | 4.57% | 3.47% | 2.48% | 1.29% |
Marriott Vacations Worldwide Corp's profitability ratios have shown a fluctuating trend over the past eight quarters.
1. Operating return on assets (Operating ROA) has ranged from 7.27% to 9.69% during this period, indicating the company's ability to generate operating profits relative to its total assets. The highest Operating ROA was observed in Q1 2023, which may suggest efficient asset utilization.
2. Return on assets (ROA) has varied from 1.42% to 4.37%, reflecting the company's overall profitability in relation to its total assets. There was a significant improvement in ROA in Q1 2023 compared to earlier quarters. This may imply enhanced efficiency in generating profits from its assets.
3. Return on total capital has shown a range of 9.35% to 12.33%, indicating the company's ability to generate profits in relation to its total capital employed. The highest return was recorded in Q2 2023, suggesting effective use of total capital.
4. Return on equity (ROE) ranged from 4.80% to 16.95%, reflecting the company's ability to generate profits for its shareholders. The ROE peaked in Q1 2023, indicating strong profitability in relation to shareholders' equity.
Overall, Marriott Vacations Worldwide Corp's profitability ratios have displayed variations over time, with the company achieving higher profitability in certain periods compared to others. Further analysis of the company's operational and financial strategies may provide insights into these fluctuations and offer a more comprehensive understanding of its financial performance.