Altria Group (MO)

Return on assets (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
Net income (ttm) US$ in thousands 8,130,000 8,760,000 6,818,000 5,592,000 5,764,000 4,698,000 1,752,000 3,010,000 2,475,000 2,775,000 4,545,000 4,339,000 4,467,000 734,000 -914,000 -861,000 -1,293,000 1,766,000 6,309,000 6,189,000
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
ROA 21.08% 24.02% 18.35% 15.18% 15.60% 13.84% 4.77% 7.48% 6.26% 7.01% 10.24% 8.90% 9.42% 1.57% -1.82% -1.64% -2.62% 3.34% 10.97% 10.45%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $8,130,000K ÷ $38,570,000K
= 21.08%

The return on assets (ROA) of Altria Group Inc. has shown varying levels over the past eight quarters. The ROA increased from 15.56% in Q4 2022 to 21.03% in Q4 2023, reflecting an improvement in the company's ability to generate earnings from its assets. This upward trend continued in Q3 2023, reaching 23.98%, which indicates a strong performance in utilizing its assets efficiently.

However, the ROA dipped in Q2 2023 to 18.31% before further decreasing to 15.15% in Q1 2023. Despite these declines, the company managed to maintain a relatively stable performance compared to the previous year.

The most notable change in ROA occurred in Q2 2022 when it dropped significantly to 4.74%, reflecting a period of lower efficiency in generating profits from its assets. The subsequent quarters showed some recovery, with ROA gradually improving to 7.45% in Q1 2022.

Overall, the upward trend in recent quarters demonstrates an improved ability of Altria Group Inc. to generate earnings relative to the value of its assets, which is a positive indication for its financial performance. Further monitoring of the company's ROA will be necessary to assess its continued efficiency in utilizing assets to generate profits.


Peer comparison

Dec 31, 2023


See also:

Altria Group Return on Assets (ROA) (Quarterly Data)