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