Altria Group (MO)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 11,241,000 | 12,318,000 | 11,919,000 | 11,560,000 | 10,873,000 |
| Total assets | US$ in thousands | 35,177,000 | 38,570,000 | 36,954,000 | 39,523,000 | 47,414,000 |
| Operating ROA | 31.96% | 31.94% | 32.25% | 29.25% | 22.93% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $11,241,000K ÷ $35,177,000K
= 31.96%
Altria Group's operating return on assets (Operating ROA) has shown a consistent increase over the past five years. Starting at 22.93% on December 31, 2020, it has steadily climbed to 29.25% by December 31, 2021, further increasing to 32.25% by December 31, 2022. Although there was a slight decrease in the operating ROA to 31.94% on December 31, 2023, it rebounded to 31.96% by December 31, 2024. This upward trend indicates that Altria Group has been effectively utilizing its assets to generate operating income, reflecting positively on the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2024