Altria Group (MO)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 10,200,000 | 6,239,000 | 6,491,000 | 6,221,000 | 6,182,000 | 6,270,000 | 6,414,000 | 6,742,000 | 6,990,000 | 12,178,000 | 12,532,000 | 11,123,000 | 10,940,000 | 9,652,000 | 8,151,000 | 8,261,000 | 7,349,000 | 7,971,000 | 8,081,000 | 7,957,000 |
| Inventory | US$ in thousands | 1,215,000 | 1,174,000 | 1,191,000 | 1,252,000 | 1,180,000 | 1,106,000 | 1,144,000 | 1,214,000 | 1,194,000 | 1,133,000 | 1,794,000 | 1,948,000 | 1,966,000 | 1,862,000 | 1,914,000 | 2,006,000 | 2,293,000 | 2,188,000 | 2,235,000 | 2,356,000 |
| Inventory turnover | 8.40 | 5.31 | 5.45 | 4.97 | 5.24 | 5.67 | 5.61 | 5.55 | 5.85 | 10.75 | 6.99 | 5.71 | 5.56 | 5.18 | 4.26 | 4.12 | 3.20 | 3.64 | 3.62 | 3.38 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $10,200,000K ÷ $1,215,000K
= 8.40
Altria Group Inc.'s inventory turnover has shown a relatively stable trend over the past eight quarters, ranging from a low of 5.12 in Q4 2023 to a high of 6.00 in Q3 2022. This indicates that the company is efficiently managing its inventory levels and converting its inventory into sales. A higher turnover ratio suggests that Altria is selling its inventory quickly and efficiently, which can lead to reduced carrying costs and potential obsolescence risks. However, the slight fluctuation in the ratios indicates some variability in the company's sales and inventory management practices. Overall, the average inventory turnover ratio of approximately 5.60 over the past eight quarters indicates a healthy balance between maintaining optimal inventory levels and effectively generating sales from that inventory.
Peer comparison
Dec 31, 2023
Dec 31, 2023