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

Company name
Symbol
Working capital turnover
Altria Group
MO
Philip Morris International Inc
PM
Vector Group Ltd
VGR
3.91

See also:

Altria Group Working Capital Turnover