Philip Morris International Inc (PM)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 89,750,000 | 89,536,000 | 88,543,000 | 88,831,000 |
| Property, plant and equipment | US$ in thousands | 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 | 6,631,000 | 6,636,000 | 6,917,000 | 6,894,000 |
| Fixed asset turnover | 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 | 13.53 | 13.49 | 12.80 | 12.89 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $53,999,000K ÷ $7,405,000K
= 7.29
Philip Morris International Inc's fixed asset turnover ratio has been fluctuating over the past eight quarters, ranging from a low of 1.24 in Q3 2023 to a high of 5.46 in Q3 2022.
The fixed asset turnover ratio measures how efficiently the company is generating revenue from its fixed assets. A higher ratio indicates that the company is generating more revenue per dollar invested in fixed assets.
In the last quarter of 2023, the fixed asset turnover ratio was 4.68, which is a significant improvement from the previous quarter. However, it is still lower than the peak ratio of 5.46 in Q3 2022.
Overall, Philip Morris International Inc's fixed asset turnover ratio has shown some variability, with both highs and lows, indicating fluctuations in how effectively the company is utilizing its fixed assets to generate revenue. Additional analysis and comparison with industry benchmarks could provide further insights into the company's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2023
See also:
Philip Morris International Inc Net Fixed Asset Turnover (Quarterly Data)