Altria Group (MO)
Total 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 |
| Total assets | US$ in thousands | 35,177,000 | 34,167,000 | 34,387,000 | 36,475,000 | 38,570,000 | 36,469,000 | 37,151,000 | 36,826,000 | 36,954,000 | 33,953,000 | 36,746,000 | 40,235,000 | 39,523,000 | 39,564,000 | 44,388,000 | 48,776,000 | 47,414,000 | 46,651,000 | 50,200,000 | 52,618,000 |
| Total asset turnover | 0.58 | 0.60 | 0.59 | 0.56 | 0.53 | 0.56 | 0.56 | 0.56 | 0.56 | 0.61 | 0.57 | 0.52 | 0.53 | 0.53 | 0.48 | 0.42 | 0.44 | 0.44 | 0.40 | 0.39 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $20,444,000K ÷ $35,177,000K
= 0.58
Altria Group's total asset turnover has shown a fluctuating trend based on the provided data. The ratio started at 0.39 as of March 31, 2020, indicating that the company generated $0.39 in sales for every dollar invested in assets.
Over the subsequent quarters and years, the total asset turnover ratio exhibited some variability, reaching its peak at 0.61 as of September 30, 2022. This suggests that Altria Group efficiently utilized its assets to generate revenue during that period.
However, the ratio has since decreased slightly to 0.58 as of December 31, 2024, indicating that there may have been a slight decline in the company's ability to generate sales relative to its asset base.
Overall, while there have been fluctuations in Altria Group's total asset turnover ratio over the period under consideration, the company has generally demonstrated an ability to effectively leverage its assets to generate revenue, albeit with some variations in efficiency over time.
Peer comparison
Dec 31, 2024