Altria Group (MO)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 20,444,000 | 20,362,000 | 20,295,000 | 20,456,000 | 20,502,000 | 20,561,000 | 20,696,000 | 20,632,000 | 20,688,000 | 20,691,000 | 20,810,000 | 21,050,000 | 21,111,000 | 21,080,000 | 21,227,000 | 20,675,000 | 20,841,000 | 20,588,000 | 20,322,000 | 20,453,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 1,629,000 | 1,626,000 | 1,593,000 | 1,608,000 | 1,587,000 | 1,557,000 | 1,547,000 | 1,553,000 | 1,518,000 | 1,933,000 | 1,982,000 | 2,012,000 | 2,009,000 | 2,002,000 | 1,997,000 |
| Fixed asset turnover | — | — | — | — | — | 12.62 | 12.73 | 12.95 | 12.87 | 13.04 | 13.37 | 13.61 | 13.59 | 13.89 | 10.98 | 10.43 | 10.36 | 10.25 | 10.15 | 10.24 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $20,444,000K ÷ $—K
= —
The fixed asset turnover ratio for Altria Group has shown a consistent upward trend from March 31, 2020, to September 30, 2021. This indicates that the company has been effectively utilizing its fixed assets to generate revenue during this period. The ratio increased steadily from around 10.24 in March 2020 to 13.89 in September 2021, suggesting improved efficiency in generating sales revenue relative to the investment in fixed assets.
However, there was a slight decline in the fixed asset turnover ratio in the subsequent quarters until March 31, 2022. The ratio stabilized around 13.61 in March 2022, indicating that Altria continued to efficiently utilize its fixed assets to generate revenue.
From March 31, 2022, to December 31, 2023, the fixed asset turnover ratio fluctuated within a relatively narrow range, ranging from 12.87 to 13.61. This suggests that the company maintained a consistent level of efficiency in generating sales relative to its investment in fixed assets during this period.
There is missing data for the fixed asset turnover ratio from December 31, 2023, onwards, making it challenging to provide a comprehensive analysis of the most recent performance. However, based on the preceding trend, it can be inferred that Altria Group has displayed a strong track record of effectively utilizing its fixed assets to drive revenue growth, supporting operational efficiency and profitability.
Peer comparison
Dec 31, 2024