GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Marriott Vacations Worldwide Corp (NYSE:VAC) » Definitions » EBIT

Marriott Vacations Worldwide (Marriott Vacations Worldwide) EBIT

: $543 Mil (TTM As of Dec. 2023)
View and export this data going back to 2011. Start your Free Trial

Marriott Vacations Worldwide's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $103 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $543 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Marriott Vacations Worldwide's annualized ROC % for the quarter that ended in Dec. 2023 was 3.38%. Marriott Vacations Worldwide's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 32.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Marriott Vacations Worldwide's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.48%.


Marriott Vacations Worldwide EBIT Historical Data

The historical data trend for Marriott Vacations Worldwide's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 357.00 [6] => -190.00 [7] => 291.00 [8] => 700.00 [9] => 543.00 )
Marriott Vacations Worldwide Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 357.00 -190.00 291.00 700.00 543.00

Marriott Vacations Worldwide Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 172.00 162.00 176.00 102.00 103.00

Competitive Comparison

For the Resorts & Casinos subindustry, Marriott Vacations Worldwide's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Marriott Vacations Worldwide EV-to-EBIT Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Marriott Vacations Worldwide's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Marriott Vacations Worldwide's EV-to-EBIT falls into.



Marriott Vacations Worldwide EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $543 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Marriott Vacations Worldwide  (NYSE:VAC) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Marriott Vacations Worldwide's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=568 * ( 1 - 48.44% )/( (8591 + 8727)/ 2 )
=292.8608/8659
=3.38 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Marriott Vacations Worldwide's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=412/( ( (1250 + max(-105, 0)) + (1260 + max(-73, 0)) )/ 2 )
=412/( ( 1250 + 1260 )/ 2 )
=412/1255
=32.83 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(176 + 642 + 238) - (597 + 371 + 193)
=-105

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(259 + 634 + 326) - (705 + 382 + 205)
=-73

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Marriott Vacations Worldwide's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=543/8377.478
=6.48 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Marriott Vacations Worldwide EBIT Related Terms

Thank you for viewing the detailed overview of Marriott Vacations Worldwide's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Marriott Vacations Worldwide (Marriott Vacations Worldwide) Business Description

Traded in Other Exchanges
Address
9002 San Marco Court, Orlando, FL, USA, 32819
Marriott Vacations Worldwide Corp functions in the United States leisure industry. It owns and manages a cluster of resorts and accommodation facilities under trademarks like Marriott Vacation Club, Grand Residencies, and The Ritz-Carlton Destination Club predominantly in the United States. Some of its properties are also spread across Europe and Asia Pacific. Marriott's major revenue components include the sale of vacation ownership products such as luxurious vacation packages. In addition, it offers purchase money financing to the end users of its core services. The company operates in two reportable segments: Vacation Ownership and Exchange & Third-Party Management. The majority of revenue is derived from the Vacation Ownership segment.
Executives
Jason P Marino officer: EVP, Chief Financial Officer 9002 SAN MARCO COURT, ORLANDO FL 32819
Anthony E Terry officer: EVP, CFO 9002 SAN MARCO COURT, ORLANDO FL 32819
Geller John E Jr officer: Exec. VP and CFO 6649 WESTWOOD BLVD., ORLANDO FL 32821
Raman Bukkapatnam officer: EVP & CIO 9002 SAN MARCO COURT, ORLANDO FL 32819
Dwight D. Smith officer: Sr. VP & CIO 6649 WESTWOOD BLVD., ORLANDO FL 32821
Stephanie Sobeck Butera officer: EVP & COO of HVO 9002 SAN MARCO CT, ORLANDO FL 32819
Michael E. Yonker officer: Sr. VP & Chief HR Officer 6649 WESTWOOD BLVD., ORLANDO FL 32821
Lizabeth Kane-hanan officer: Exec. VP & Chief Growth & Inv. 6649 WESTWOOD BLVD., ORLANDO FL 32821
Kathleen A. Pighini officer: SVP and CAO 9002 SAN MARCO COURT, ORLANDO FL 32819
Jonice Gray Tucker director 9002 SAN MARCO COURT, ORLANDO FL 32819
R. Lee Cunningham officer: Exec VP & COO-N.Am & Carribean 6649 WESTWOOD BLVD., ORLANDO FL 32821
Melquiades R. Martinez director 450 SOUTH ORANGE AVENUE, SUITE 250, ORLANDO FL 32801-3443
Hunter James H. Iv officer: Exec. VP & General Counsel 6649 WESTWOOD BLVD., ORLANDO FL 32821
Brian E. Miller officer: ExecVP-Sales,Marketing&ServOp 6649 WESTWOOD BLVD., ORLANDO FL 32821
Stephen P Weisz director, officer: President & CEO 6649 WESTWOOD BLVD., ORLANDO FL 32821

Marriott Vacations Worldwide (Marriott Vacations Worldwide) Headlines

From GuruFocus