Marriott Vacations Worldwide (Marriott Vacations Worldwide) Total Inventories : $634 Mil (As of Dec. 2023)

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What is Marriott Vacations Worldwide Total Inventories?

Marriott Vacations Worldwide's total inventories for the quarter that ended in Dec. 2023 was $634 Mil. Marriott Vacations Worldwide's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $638 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Marriott Vacations Worldwide's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-185.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Marriott Vacations Worldwide's Days Inventory for the three months ended in Dec. 2023 was 80.08.

Inventory Turnover measures how fast the company turns over its inventory within a year. Marriott Vacations Worldwide's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.14.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Marriott Vacations Worldwide's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.53.

Marriott Vacations Worldwide Total Inventories Historical Data

The historical data trend for Marriott Vacations Worldwide's Total Inventories 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.

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Marriott Vacations Worldwide Total Inventories Chart

Marriott Vacations Worldwide Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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859.00

759.00

719.00

660.00

634.00

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
Total Inventories	Get a 7-Day Free Trial															660.00	672.00	660.00	642.00	634.00

Marriott Vacations Worldwide Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Marriott Vacations Worldwide (NYSE:VAC) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Marriott Vacations Worldwide's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(248	+	0.75 * 259	+	0.5 * 634	-	7298
-	0	-	0)	/	35.3193
=	-185.13

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Marriott Vacations Worldwide's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	638	/	727	*	365 / 4
	=	80.08

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Marriott Vacations Worldwide's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	727	/	638
	=	1.14

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Marriott Vacations Worldwide's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	638	/	1194
	=	0.53

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Marriott Vacations Worldwide Total Inventories Related Terms

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Marriott Vacations Worldwide (Marriott Vacations Worldwide) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

VAC:Mexico M8V:Germany M8V:Germany

Address

9002 San Marco Court, Orlando, FL, USA, 32819

Website

https://www.marriottvacationsworldwide.com

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