Philip Morris International Inc (PM)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 37,277,000 | 36,342,000 | 35,311,000 | 34,513,000 | 53,999,000 | 74,368,000 | 95,357,000 | 115,671,000 | 115,302,000 | 116,067,000 | 116,655,000 | 116,360,000 | 116,285,000 | 94,126,000 | 92,269,000 | 88,660,000 | 87,178,000 | 87,447,000 | 87,638,000 | 90,928,000 |
| Property, plant and equipment | US$ in thousands | 7,184,000 | 7,548,000 | 7,264,000 | 7,201,000 | 7,405,000 | 6,883,000 | 6,991,000 | 6,788,000 | 6,587,000 | 5,610,000 | 5,965,000 | 6,004,000 | 6,060,000 | 6,061,000 | 5,975,000 | 5,952,000 | 6,365,000 | 6,134,000 | 6,184,000 | 6,107,000 |
| Fixed asset turnover | 5.19 | 4.81 | 4.86 | 4.79 | 7.29 | 10.80 | 13.64 | 17.04 | 17.50 | 20.69 | 19.56 | 19.38 | 19.19 | 15.53 | 15.44 | 14.90 | 13.70 | 14.26 | 14.17 | 14.89 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $37,277,000K ÷ $7,184,000K
= 5.19
The fixed asset turnover ratio of Philip Morris International Inc has shown a general declining trend from March 2020 to September 2024, with fluctuations along the way. The ratio started at a high of 14.89 in March 2020, indicating that the company generated $14.89 in net sales for each dollar invested in fixed assets.
The ratio remained relatively stable around the 14 to 15 range until December 2021, where it experienced a significant increase to 19.19, suggesting a more efficient utilization of fixed assets to generate sales. However, this peak was followed by a decline in the subsequent periods.
From March 2023 to December 2024, the fixed asset turnover ratio notably dropped from 17.04 to 5.19, reflecting a decrease in the company's ability to generate revenue from its fixed asset base. This downward trend may indicate potential issues such as underutilization of assets or declining sales relative to its fixed asset investments.
Overall, monitoring the fixed asset turnover ratio can provide insights into how effectively Philip Morris International Inc is utilizing its fixed assets to generate sales, highlighting the need for continuous assessment and optimization of asset efficiency.
Peer comparison
Dec 31, 2024
See also:
Philip Morris International Inc Net Fixed Asset Turnover (Quarterly Data)