Stock Analysis on Net

Marriott International Inc. (NASDAQ:MAR)

This company has been moved to the archive! The financial data has not been updated since May 11, 2020.

Analysis of Short-term (Operating) Activity Ratios

Microsoft Excel

Short-term Activity Ratios (Summary)

Marriott International Inc., short-term (operating) activity ratios

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Turnover Ratios
Receivables turnover 8.79 9.76 11.54 10.09 13.21
Payables turnover 24.66 22.27 24.61 21.03 20.85
Working capital turnover
Average No. Days
Average receivable collection period 42 37 32 36 28
Average payables payment period 15 16 15 17 18

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).

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Marriott International Inc. receivables turnover ratio deteriorated from 2017 to 2018 and from 2018 to 2019.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Marriott International Inc. payables turnover ratio decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Marriott International Inc. number of days of receivables outstanding deteriorated from 2017 to 2018 and from 2018 to 2019.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period.

Receivables Turnover

Marriott International Inc., receivables turnover calculation, comparison to benchmarks

Microsoft Excel
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
Accounts receivable, net 2,386 2,127 1,984 1,692 1,097
Short-term Activity Ratio
Receivables turnover1 8.79 9.76 11.54 10.09 13.21
Benchmarks
Receivables Turnover, Competitors2
Airbnb Inc.
Booking Holdings Inc. 8.97
Carnival Corp. & plc 46.90 52.74
Chipotle Mexican Grill Inc. 69.36
McDonald’s Corp. 4.24
Starbucks Corp. 30.15 35.67
Receivables Turnover, Sector
Consumer Services 14.58
Receivables Turnover, Industry
Consumer Discretionary 21.69

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
Receivables turnover = Revenues ÷ Accounts receivable, net
= 20,972 ÷ 2,386 = 8.79

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Marriott International Inc. receivables turnover ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

Payables Turnover

Marriott International Inc., payables turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Cost of revenues 17,755 17,084 19,192 14,446 12,363
Accounts payable 720 767 780 687 593
Short-term Activity Ratio
Payables turnover1 24.66 22.27 24.61 21.03 20.85
Benchmarks
Payables Turnover, Competitors2
Airbnb Inc.
Booking Holdings Inc. 12.16
Carnival Corp. & plc 17.08 15.19
Chipotle Mexican Grill Inc. 38.37
McDonald’s Corp. 7.85
Starbucks Corp. 15.99 14.73
Payables Turnover, Sector
Consumer Services 13.80
Payables Turnover, Industry
Consumer Discretionary 5.59

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
Payables turnover = Cost of revenues ÷ Accounts payable
= 17,755 ÷ 720 = 24.66

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Marriott International Inc. payables turnover ratio decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.

Working Capital Turnover

Marriott International Inc., working capital turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Current assets 3,127 2,706 2,747 3,371 1,384
Less: Current liabilities 6,677 6,437 6,010 5,147 3,233
Working capital (3,550) (3,731) (3,263) (1,776) (1,849)
 
Revenues 20,972 20,758 22,894 17,072 14,486
Short-term Activity Ratio
Working capital turnover1
Benchmarks
Working Capital Turnover, Competitors2
Airbnb Inc.
Booking Holdings Inc. 3.37
Carnival Corp. & plc
Chipotle Mexican Grill Inc. 13.77
McDonald’s Corp.
Starbucks Corp. 3.63
Working Capital Turnover, Sector
Consumer Services
Working Capital Turnover, Industry
Consumer Discretionary 32.45

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
Working capital turnover = Revenues ÷ Working capital
= 20,972 ÷ -3,550 =

2 Click competitor name to see calculations.


Average Receivable Collection Period

Marriott International Inc., average receivable collection period calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data
Receivables turnover 8.79 9.76 11.54 10.09 13.21
Short-term Activity Ratio (no. days)
Average receivable collection period1 42 37 32 36 28
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Airbnb Inc.
Booking Holdings Inc. 41
Carnival Corp. & plc 8 7
Chipotle Mexican Grill Inc. 5
McDonald’s Corp. 86
Starbucks Corp. 12 10
Average Receivable Collection Period, Sector
Consumer Services 25
Average Receivable Collection Period, Industry
Consumer Discretionary 17

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
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 8.79 = 42

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Marriott International Inc. number of days of receivables outstanding deteriorated from 2017 to 2018 and from 2018 to 2019.

Average Payables Payment Period

Marriott International Inc., average payables payment period calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data
Payables turnover 24.66 22.27 24.61 21.03 20.85
Short-term Activity Ratio (no. days)
Average payables payment period1 15 16 15 17 18
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Airbnb Inc.
Booking Holdings Inc. 30
Carnival Corp. & plc 21 24
Chipotle Mexican Grill Inc. 10
McDonald’s Corp. 46
Starbucks Corp. 23 25
Average Payables Payment Period, Sector
Consumer Services 26
Average Payables Payment Period, Industry
Consumer Discretionary 65

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
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 24.66 = 15

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period.