Altria Group (MO)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 23,494,000 | 23,635,000 | 23,905,000 | 23,917,000 | 24,038,000 | 24,115,000 | 24,356,000 | 24,734,000 | 24,202,000 | 24,544,000 | 24,837,000 | 24,255,000 | 25,260,000 | 24,963,000 | 24,713,000 | 24,961,000 | 24,121,000 | 24,228,000 | 24,343,000 | 24,163,000 |
| Property, plant and equipment | US$ in thousands | 1,652,000 | 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 | 1,999,000 | 1,962,000 | 1,917,000 | 1,922,000 |
| Fixed asset turnover | 14.22 | 14.51 | 14.70 | 15.01 | 14.95 | 15.20 | 15.64 | 15.99 | 15.58 | 16.17 | 12.85 | 12.24 | 12.55 | 12.43 | 12.34 | 12.50 | 12.07 | 12.35 | 12.70 | 12.57 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $23,494,000K ÷ $1,652,000K
= 14.22
The fixed asset turnover ratio for Altria Group Inc. has been relatively stable over the past eight quarters, ranging from 14.82 to 16.72. This ratio indicates the company's efficiency in generating sales revenue based on its investment in fixed assets. A higher fixed asset turnover ratio implies that the company is effectively utilizing its fixed assets to generate revenue.
The consistent trend of increasing fixed asset turnover from Q4 2022 to Q1 2023 suggests that Altria Group Inc. has been able to generate more sales with the same level of investment in fixed assets, indicating improved operational efficiency. However, the slight fluctuations in the range of the ratios do not show a significant deviation from the company's established trend in utilizing its fixed assets efficiently.
Overall, the stable and relatively high fixed asset turnover ratio for Altria Group Inc. indicates that the company is effectively managing its fixed assets to generate revenue, which is a positive indicator of operational efficiency and profitability.
Peer comparison
Dec 31, 2023