Altria Group (MO)
Working capital turnover
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Revenue | US$ in thousands | 23,494,000 | 24,038,000 | 24,202,000 | 24,944,000 | 23,830,000 |
Total current assets | US$ in thousands | 5,585,000 | 7,220,000 | 6,083,000 | 7,117,000 | 4,824,000 |
Total current liabilities | US$ in thousands | 11,319,000 | 8,616,000 | 8,579,000 | 9,063,000 | 8,174,000 |
Working capital turnover | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $23,494,000K ÷ ($5,585,000K – $11,319,000K)
= —
The working capital turnover ratio for Altria Group Inc. cannot be calculated as the necessary data to compute this ratio is not provided in the table for the years 2019 to 2023. The working capital turnover ratio is a measure of a company's efficiency in utilizing its working capital to generate sales revenue. It is calculated by dividing net sales by average working capital.
Without the specific figures for net sales and working capital for each year, it is not possible to determine the working capital turnover ratio for Altria Group Inc. for the years in question. Investors and analysts typically use this ratio to assess how effectively a company is managing its working capital resources to generate sales.
Peer comparison
Dec 31, 2023