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Marriott International (Marriott International) Total Inventories : $0 Mil (As of Dec. 2023)


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What is Marriott International Total Inventories?

Marriott International's total inventories for the quarter that ended in Dec. 2023 was $0 Mil. Marriott International's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 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 Dec. 2023 was $-82.55.

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 Dec. 2023 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 Dec. 2023 was 0.00.


Marriott International Total Inventories Historical Data

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.

* Premium members only.

Marriott International Total Inventories Chart

Marriott International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
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Marriott International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Marriott International Total Inventories Calculation

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 Dec. 2023 is

Net-Net Working Capital Per Share (Q: Dec. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(338+0.75 * 2712+0.5 * 0-26356
-0-0)/290.54
=-82.55

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 Dec. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=0/4988*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 Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2023 ) / Average Total Inventories (Q: Dec. 2023 )
=4988 / 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 Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=0 / 6095
=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.


Marriott International Total Inventories 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