Altria Group (MO)
Total 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 |
| Total assets | US$ in thousands | 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 | 49,271,000 | 52,913,000 | 57,501,000 | 59,233,000 |
| Total asset turnover | 0.61 | 0.65 | 0.64 | 0.65 | 0.65 | 0.71 | 0.66 | 0.61 | 0.61 | 0.62 | 0.56 | 0.50 | 0.53 | 0.54 | 0.49 | 0.47 | 0.49 | 0.46 | 0.42 | 0.41 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $23,494,000K ÷ $38,570,000K
= 0.61
Based on the data provided, the total asset turnover of Altria Group Inc. has shown some fluctuations over the past eight quarters. The company's total asset turnover ratio ranged from 0.63 to 0.74 during this period.
The total asset turnover measures the efficiency of the company in generating sales revenue from its total assets. A higher ratio indicates that the company is more effective in utilizing its assets to generate sales.
In the most recent quarter (Q4 2023), the total asset turnover was 0.63, which was lower compared to the previous quarters. This may suggest a decrease in the company's ability to generate sales relative to its total assets during that period.
Overall, the trend in Altria Group Inc.'s total asset turnover has shown some variability, indicating fluctuations in the company's asset utilization efficiency over the past two years. It would be important for investors and stakeholders to further investigate the factors influencing these fluctuations to assess the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023