Altria Group (MO)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 11,264,000 | 10,285,000 | 10,158,000 | 8,472,000 | 8,130,000 | 8,760,000 | 6,815,000 | 5,587,000 | 5,755,000 | 4,686,000 | 1,743,000 | 3,000,000 | 2,466,000 | 2,767,000 | 4,537,000 | 4,331,000 | 4,460,000 | 729,000 | -919,000 | -865,000 |
| 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 |
| ROA | 32.02% | 30.10% | 29.54% | 23.23% | 21.08% | 24.02% | 18.34% | 15.17% | 15.57% | 13.80% | 4.74% | 7.46% | 6.24% | 6.99% | 10.22% | 8.88% | 9.41% | 1.56% | -1.83% | -1.64% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $11,264,000K ÷ $35,177,000K
= 32.02%
Altria Group's Return on Assets (ROA) is a key financial metric that indicates how efficiently the company is utilizing its assets to generate profits. Analyzing the data provided for ROA from March 31, 2020, to December 31, 2024, Altria's ROA showed a fluctuating trend over the period.
The ROA started at -1.64% on March 31, 2020, indicating that the company had negative returns relative to its assets. The negative ROA continued to June 30, 2020, but improved slightly to -1.83%. However, a significant turnaround occurred in the subsequent quarters, with a positive ROA of 1.56% on September 30, 2020. This positive momentum continued to increase, reaching 9.41% by December 31, 2020.
Throughout 2021 and 2022, Altria's ROA remained relatively stable, ranging between 6.24% and 15.57%. Notably, there was a peak in performance on June 30, 2024, with an ROA of 29.54%. The company maintained strong returns on its assets, with ROA consistently above 20% from March 31, 2024, to December 31, 2024. The highest ROA recorded was 32.02% on December 31, 2024, reflecting Altria's efficient utilization of assets to generate profits.
Overall, the trend in Altria Group's ROA indicates an improvement in asset efficiency and profitability over the period, with the company achieving impressive returns on its assets in the latter quarters of the analyzed timeframe.
Peer comparison
Dec 31, 2024