Altria Group (MO)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 11,547,000 | 11,569,000 | 11,592,000 | 11,792,000 | 11,919,000 | 11,834,000 | 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 | 10,326,000 | 9,643,000 | 9,256,000 | 9,037,000 |
| 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 |
| Operating ROA | 29.94% | 31.72% | 31.20% | 32.02% | 32.25% | 34.85% | 31.77% | 29.21% | 29.25% | 28.83% | 26.17% | 23.02% | 22.93% | 22.98% | 20.92% | 19.81% | 20.96% | 18.22% | 16.10% | 15.26% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $11,547,000K ÷ $38,570,000K
= 29.94%
Based on the operating return on assets (operating ROA) data for Altria Group Inc., the company's performance fluctuated over the past eight quarters. The operating ROA ranged from a high of 29.94% in Q4 2023 to a low of 14.35% in Q1 2022.
We can observe an improving trend in the operating ROA from Q1 2022 to Q2 2023, where it gradually increased from 14.35% to 21.53%. However, in Q3 2023, there was a slight decrease in the operating ROA to 28.82%, followed by another increase in Q4 2023 to 29.94%.
Overall, the operating ROA reflects Altria Group Inc.'s ability to generate profits from its assets, with higher percentages indicating a more efficient utilization of assets to generate operating income. It is essential for investors and stakeholders to monitor this ratio for a consistent and sustainable performance trend over time.
Peer comparison
Dec 31, 2023