Altria Group (MO)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 11,241,000 | 12,035,000 | 11,972,000 | 12,344,000 | 12,427,000 | 11,569,000 | 9,158,000 | 9,358,000 | 9,485,000 | 9,400,000 | 11,673,000 | 11,754,000 | 11,560,000 | 11,408,000 | 11,617,000 | 11,227,000 | 10,873,000 | 10,719,000 | 10,503,000 | 10,424,000 |
| 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 |
| Operating ROA | 31.96% | 35.22% | 34.82% | 33.84% | 32.22% | 31.72% | 24.65% | 25.41% | 25.67% | 27.69% | 31.77% | 29.21% | 29.25% | 28.83% | 26.17% | 23.02% | 22.93% | 22.98% | 20.92% | 19.81% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $11,241,000K ÷ $35,177,000K
= 31.96%
Altria Group's operating return on assets (operating ROA) has shown an increasing trend over the analyzed period. Starting at 19.81% on March 31, 2020, the operating ROA increased steadily to reach 35.22% on September 30, 2024. The company experienced fluctuations in the operating ROA during this period but overall managed to maintain a strong performance. However, there was a slight decline at the end of the period with the operating ROA falling to 31.96% on December 31, 2024.
The average operating ROA over this period appears to be robust, indicating that Altria Group has been effective in generating operating profits relative to its assets. Investors and analysts may view this favorable trend positively, reflecting the company's ability to efficiently utilize its assets to generate operating income. It is important for Altria Group to continue monitoring and managing its operating ROA to sustain or improve its profitability and operational efficiency in the future.
Peer comparison
Dec 31, 2024