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Marriott International's total inventories for the quarter that ended in Mar. 2024 was $0 Mil. Marriott International's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $0 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Marriott International's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-86.70.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Marriott International's Days Inventory for the three months ended in Mar. 2024 was 0.00.
Inventory Turnover measures how fast the company turns over its inventory within a year.
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 International's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.
The historical data trend for Marriott International'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.
Marriott International Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | - | - | - | - | - |
Marriott International Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Total Inventories | Get a 7-Day Free Trial | - | - | - | - | - |
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 International (NAS:MAR) 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 International's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is
Net-Net Working Capital Per Share (Q: Mar. 2024 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (429 | + | 0.75 * 2747 | + | 0.5 * 0 | - | 27372 |
- | 0 | - | 0) | / | 287 | ||
= | -86.70 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Marriott International's Days Inventory for the three months ended in Mar. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Mar. 2024 ) | / | Cost of Goods Sold (Q: Mar. 2024 ) | * | Days in Period |
= | 0 | / | 4787 | * | 365 / 4 | |
= | 0.00 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Marriott International's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Mar. 2024 ) | / | Average Total Inventories (Q: Mar. 2024 ) |
= | 4787 | / | 0 | |
= | N/A |
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 International's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Mar. 2024 ) | / | Revenue (Q: Mar. 2024 ) |
= | 0 | / | 5977 | |
= | 0.00 |
* 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.
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.
Thank you for viewing the detailed overview of Marriott International's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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