Altria Group (MO)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 20,444,000 | 24,483,000 | 25,096,000 | 26,013,000 | 26,153,000 |
| Property, plant and equipment | US$ in thousands | — | — | 1,608,000 | 1,553,000 | 2,012,000 |
| Fixed asset turnover | — | — | 15.61 | 16.75 | 13.00 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $20,444,000K ÷ $—K
= —
The fixed asset turnover ratio is a measure of how efficiently a company utilizes its fixed assets to generate revenue. Looking at Altria Group's fixed asset turnover ratio over the years, we can see a positive trend from 2020 to 2022.
In 2020, the fixed asset turnover ratio was 13.00, indicating that for every dollar invested in fixed assets, the company generated $13 in revenue. This ratio increased significantly to 16.75 in 2021, suggesting improved efficiency in utilizing fixed assets to generate revenue.
However, in 2022, the fixed asset turnover ratio slightly decreased to 15.61, although it still remains at a relatively high level. It is important to note that the ratio for 2023 and 2024 is not available (denoted by "—"), which limits our ability to assess the trend beyond 2022.
Overall, Altria Group has shown strong efficiency in utilizing its fixed assets to generate revenue based on the available data. It would be beneficial to monitor future ratios and investigate reasons for any fluctuations to better understand the company's asset management efficiency.
Peer comparison
Dec 31, 2024