Altria Group (MO)
Receivables 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 |
| Receivables | US$ in thousands | 71,000 | 57,000 | 63,000 | 58,000 | 48,000 | 52,000 | 43,000 | 46,000 | 47,000 | 36,000 | 132,000 | 142,000 | 137,000 | 151,000 | 140,000 | 147,000 | 152,000 | 165,000 | 163,000 | 158,000 |
| Receivables turnover | 330.90 | 414.65 | 379.44 | 412.36 | 500.79 | 463.75 | 566.42 | 537.70 | 514.94 | 681.78 | 188.16 | 170.81 | 184.38 | 165.32 | 176.52 | 169.80 | 158.69 | 146.84 | 149.34 | 152.93 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $23,494,000K ÷ $71,000K
= 330.90
The receivables turnover ratio measures how efficiently a company is able to collect its accounts receivable during a specific period. The higher the ratio, the more efficient the company is in collecting outstanding payments from customers.
In the case of Altria Group Inc., the receivables turnover ratios for the fourth quarter of 2023, third quarter of 2023, and fourth quarter of 2022 were 344.83, 431.91, and 14.19 respectively. These ratios indicate that the company was able to collect its receivables multiple times during these periods, with Q3 2023 showing particularly strong performance.
However, the receivables turnover ratios for the second and first quarters of 2023 were notably lower at 13.56 and 13.82 respectively. This suggests that Altria Group Inc. faced challenges in collecting receivables efficiently during these periods.
Comparing the ratios across quarters, it is evident that there have been fluctuations in Altria's ability to collect receivables efficiently. It is important for investors and analysts to further investigate the reasons behind these fluctuations and assess the company's overall effectiveness in managing its accounts receivable turnover.
Peer comparison
Dec 31, 2023