Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Marriott International Inc., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Marriott International Inc. net fixed asset turnover ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Marriott International Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2017 to 2018 and from 2018 to 2019. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Marriott International Inc. total asset turnover ratio deteriorated from 2017 to 2018 and from 2018 to 2019. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Marriott International Inc. equity turnover ratio improved from 2017 to 2018 and from 2018 to 2019. |
Net Fixed Asset Turnover
Marriott International Inc., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 20,972) | 20,758) | 22,894) | 17,072) | 14,486) | |
| Property and equipment, net | 1,904) | 1,956) | 1,793) | 2,335) | 1,029) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 11.01 | 10.61 | 12.77 | 7.31 | 14.08 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| Airbnb Inc. | — | — | — | — | — | |
| Booking Holdings Inc. | 20.41 | — | — | — | — | |
| Chipotle Mexican Grill Inc. | 3.83 | — | — | — | — | |
| McDonald’s Corp. | 0.87 | — | — | — | — | |
| Starbucks Corp. | 4.12 | 4.17 | — | — | — | |
| Net Fixed Asset Turnover, Sector | ||||||
| Consumer Services | 2.08 | — | — | — | — | |
| Net Fixed Asset Turnover, Industry | ||||||
| Consumer Discretionary | 3.71 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Net fixed asset turnover = Revenues ÷ Property and equipment, net
= 20,972 ÷ 1,904 = 11.01
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Marriott International Inc. net fixed asset turnover ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Marriott International Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 20,972) | 20,758) | 22,894) | 17,072) | 14,486) | |
| Property and equipment, net | 1,904) | 1,956) | 1,793) | 2,335) | 1,029) | |
| Operating lease assets | 888) | —) | —) | —) | —) | |
| Property and equipment, net (including operating lease, right-of-use asset) | 2,792) | 1,956) | 1,793) | 2,335) | 1,029) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 7.51 | 10.61 | 12.77 | 7.31 | 14.08 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
| Airbnb Inc. | — | — | — | — | — | |
| Booking Holdings Inc. | 11.09 | — | — | — | — | |
| Chipotle Mexican Grill Inc. | 1.41 | — | — | — | — | |
| McDonald’s Corp. | 0.56 | — | — | — | — | |
| Starbucks Corp. | 4.12 | 4.17 | — | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | ||||||
| Consumer Services | 1.39 | — | — | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
| Consumer Discretionary | 3.13 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenues ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 20,972 ÷ 2,792 = 7.51
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Marriott International Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2017 to 2018 and from 2018 to 2019. |
Total Asset Turnover
Marriott International Inc., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 20,972) | 20,758) | 22,894) | 17,072) | 14,486) | |
| Total assets | 25,051) | 23,696) | 23,948) | 24,140) | 6,082) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 0.84 | 0.88 | 0.96 | 0.71 | 2.38 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| Airbnb Inc. | — | — | — | — | — | |
| Booking Holdings Inc. | 0.70 | — | — | — | — | |
| Chipotle Mexican Grill Inc. | 1.09 | — | — | — | — | |
| McDonald’s Corp. | 0.44 | — | — | — | — | |
| Starbucks Corp. | 1.38 | 1.02 | — | — | — | |
| Total Asset Turnover, Sector | ||||||
| Consumer Services | 0.73 | — | — | — | — | |
| Total Asset Turnover, Industry | ||||||
| Consumer Discretionary | 0.94 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Total asset turnover = Revenues ÷ Total assets
= 20,972 ÷ 25,051 = 0.84
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Marriott International Inc. total asset turnover ratio deteriorated from 2017 to 2018 and from 2018 to 2019. |
Equity Turnover
Marriott International Inc., equity turnover calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 20,972) | 20,758) | 22,894) | 17,072) | 14,486) | |
| Shareholders’ equity (deficit) | 703) | 2,225) | 3,731) | 5,357) | (3,590) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 29.83 | 9.33 | 6.14 | 3.19 | — | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| Airbnb Inc. | — | — | — | — | — | |
| Booking Holdings Inc. | 2.54 | — | — | — | — | |
| Chipotle Mexican Grill Inc. | 3.32 | — | — | — | — | |
| McDonald’s Corp. | — | — | — | — | — | |
| Starbucks Corp. | — | 21.14 | — | — | — | |
| Equity Turnover, Sector | ||||||
| Consumer Services | — | — | — | — | — | |
| Equity Turnover, Industry | ||||||
| Consumer Discretionary | 5.84 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Equity turnover = Revenues ÷ Shareholders’ equity (deficit)
= 20,972 ÷ 703 = 29.83
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Marriott International Inc. equity turnover ratio improved from 2017 to 2018 and from 2018 to 2019. |