Marriott Vacations Worldwide (FRA:M8V) Receivables Turnover : 4.51 (As of Mar. 2024)

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What is Marriott Vacations Worldwide Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Marriott Vacations Worldwide's Revenue for the three months ended in Mar. 2024 was €1,099 Mil. Marriott Vacations Worldwide's average Accounts Receivable for the three months ended in Mar. 2024 was €244 Mil. Hence, Marriott Vacations Worldwide's Receivables Turnover for the three months ended in Mar. 2024 was 4.51.

Marriott Vacations Worldwide Receivables Turnover Historical Data

The historical data trend for Marriott Vacations Worldwide's Receivables Turnover 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 Receivables Turnover Chart

Marriott Vacations Worldwide Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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13.32

9.17

18.16

26.21

20.61

Marriott Vacations Worldwide Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															6.20	6.79	7.03	5.44	4.51

Competitive Comparison of Marriott Vacations Worldwide's Receivables Turnover

For the Resorts & Casinos subindustry, Marriott Vacations Worldwide's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Marriott Vacations Worldwide's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Marriott Vacations Worldwide's Receivables Turnover falls into.

Marriott Vacations Worldwide Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Marriott Vacations Worldwide's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	4334.659	/ (	(183.136	+	237.503)	/	2 )
=	4334.659	/	210.3195
=	20.61

Marriott Vacations Worldwide's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	1099.4	/ (	(237.503	+	250.24)	/	2 )
=	1099.4	/	243.8715
=	4.51

Marriott Vacations Worldwide (FRA:M8V) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Marriott Vacations Worldwide Receivables Turnover Related Terms

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Marriott Vacations Worldwide (FRA:M8V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Marriott Vacations Worldwide Corp (FRA:M8V) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

VAC:USA VAC:Mexico 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.

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