Marriott Vacations Worldwide (STU:M8V) ROCE % : 5.72% (As of Mar. 2024)

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What is Marriott Vacations Worldwide ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Marriott Vacations Worldwide's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.72%.

Marriott Vacations Worldwide ROCE % Historical Data

The historical data trend for Marriott Vacations Worldwide's ROCE % 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 ROCE % Chart

Marriott Vacations Worldwide Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.58

-2.32

3.76

8.67

6.41

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
ROCE %	Get a 7-Day Free Trial															7.71	8.36	4.94	4.89	5.72

Marriott Vacations Worldwide ROCE % Calculation

Marriott Vacations Worldwide's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	497.931	/	( ( (9099.216 - 1246.08)	+	(8876.56 - 1184.764) )	/ 2 )
	=	497.931	/	( (7853.136	+	7691.796)	/ 2 )
	=	497.931	/	7772.466
	=	6.41 %

Marriott Vacations Worldwide's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	445.28	/	( ( (8876.56 - 1184.764)	+	(9077.64 - 1192.32) )	/ 2 )
	=	445.28	/	( ( 7691.796	+	7885.32 )	/ 2 )
	=	445.28	/	7788.558
	=	5.72 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Marriott Vacations Worldwide (STU:M8V) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Marriott Vacations Worldwide (STU:M8V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Marriott Vacations Worldwide Corp (STU:M8V) » Definitions » ROCE %

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.

Marriott Vacations Worldwide (STU:M8V) Headlines

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