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Marriott International (Marriott International) EBIT : $3,944 Mil (TTM As of Dec. 2023)


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What is Marriott International EBIT?

Marriott International's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $734 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $3,944 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Marriott International's annualized ROC % for the quarter that ended in Dec. 2023 was 16.27%. Marriott International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 117.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Marriott International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.82%.


Marriott International EBIT Historical Data

The historical data trend for Marriott International'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.

Marriott International EBIT Chart

Marriott International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,993.00 -21.00 1,600.00 3,517.00 3,943.00

Marriott International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial 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 1,006.00 970.00 1,105.00 1,135.00 734.00

Competitive Comparison of Marriott International's EBIT

For the Lodging subindustry, Marriott International'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 International's EV-to-EBIT Distribution in the Travel & Leisure Industry

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

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



Marriott International 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 $3,944 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 International  (NAS:MAR) EBIT Explanation

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

Marriott International'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 )
=2904 * ( 1 - -45.96% )/( (25850 + 26244)/ 2 )
=4238.6784/26047
=16.27 %

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 International'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 )
=2936/( ( (2509 + max(-3814, 0)) + (2510 + max(-4236, 0)) )/ 2 )
=2936/( ( 2509 + 2510 )/ 2 )
=2936/2509.5
=117.00 %

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)
=(2703 + 0 + 262) - (3412 + 0 + 3367)
=-3814

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2712 + 0 + 261) - (3881 + 0 + 3328)
=-4236

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 International's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=3944/81846.324
=4.82 %

* 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 International EBIT Related Terms

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Marriott International (Marriott International) Business Description

Address
7750 Wisconsin Avenue, Bethesda, MD, USA, 20814
Marriott operates 1.6 million rooms across roughly 30 brands. At the end of 2022, luxury represented roughly 10% of total rooms, while full service and limited service were about 40% and 50%, respectively. Marriott, Courtyard, and Sheraton are the largest brands, while Autograph, Tribute, Moxy, Aloft, and Element are newer lifestyle brands. Managed and franchised represent 99% of total rooms as of Sept. 30, 2023. North America makes up two thirds of total rooms. Managed, franchise, and incentive fees represent the vast majority of revenue and profitability for the company.
Executives
Anthony Capuano officer: EVP - Lodging Development 10400 FERNWOOD ROAD, BETHESDA MD 20817
Felitia Lee officer: Controller and CAO 10400 FERNWOOD ROAD, BETHESDA MD 20817
Rajeev Menon officer: President, APEC 7750 WISCONSIN AVE, BETHESDA MD 20814-3522
Deborah Marriott Harrison other: 13D group owning more than 10% 10400 FERNWOOD ROAD, BETHESDA MD 20817
Kathleen K. Oberg officer: CFO 10400 FERNWOOD ROAD, BETHESDA MD 20817
Juliana B. Marriott other: 13D Group owning more than 10% 10400 FERNWOOD ROAD, BETHESDA MD 20817
Juliana B. Marriott Marital Trust other: Member of a 10% Group 6106 MACARTHER BOULEVARD, SUITE 110, BETHESDA MD 20816
David S Marriott other: 13D group owning more than 10% 10400 FERNWOOD ROAD, BETHESDA MD 20817
Peggy Fang Roe officer: EVP & Chf. Customer Officer 100 COMMERCE LANE, APT. 1401, BETHESDA MD 20814
Rena Hozore Reiss officer: EVP & General Counsel 71 SOUTH WACKER DRIVE, 12TH FLOOR, CHICAGO IL 60606
Drew Pinto officer: EVP, Chf. Rev & Technology 7750 WISCONSIN AVE, BETHESDA MD 20814-3522
William P Brown officer: Pres. & Managing Dir., Europe 10400 FERNWOOD ROAD, BETHESDA MD 20817
Benjamin T. Breland officer: EVP & Chief HR Officer 10400 FERNWOOD ROAD, BETHESDA MD 20817
Eric Hippeau director STARWOOD HOTELS & RESORTS WORLDWIDE, 44 SOUTH BROADWAY, WHITE PLAINS NY 10601
Grant Reid director 7750 WISCONSIN AVE, BETHESDA MD 20814-3522