Altria Group (MO)
Total 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 |
| Total assets | US$ in thousands | 35,177,000 | 38,570,000 | 36,954,000 | 39,523,000 | 47,414,000 |
| Total asset turnover | 0.58 | 0.63 | 0.68 | 0.66 | 0.55 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $20,444,000K ÷ $35,177,000K
= 0.58
Altria Group's total asset turnover has shown some fluctuation over the past five years. The metric increased from 0.55 in December 31, 2020, to its peak at 0.68 in December 31, 2022. However, it experienced a slight decline in the following years, reaching 0.58 by December 31, 2024. This indicates that, on average, Altria Group generated $0.58 in revenue for every dollar of assets held in 2024. Overall, the company's total asset turnover ratio demonstrates the efficiency with which it generates revenue relative to its asset base, albeit with some variability in recent years.
Peer comparison
Dec 31, 2024