Philip Morris International Inc (PM)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 15,077,000 | 14,819,000 | 14,608,000 | 15,183,000 | 14,893,000 | 14,241,000 | 14,021,000 | 12,805,000 | 12,437,000 | 12,535,000 | 12,208,000 | 11,877,000 | 11,607,000 | 11,223,000 | 11,039,000 | 10,931,000 | 11,002,000 | 11,562,000 | 11,767,000 | 12,200,000 |
| Inventory | US$ in thousands | 9,453,000 | 9,355,000 | 9,382,000 | 9,970,000 | 10,774,000 | 9,645,000 | 9,900,000 | 10,712,000 | 9,886,000 | 7,153,000 | 7,551,000 | 8,684,000 | 8,720,000 | 8,173,000 | 8,690,000 | 9,019,000 | 9,591,000 | 8,160,000 | 8,968,000 | 9,045,000 |
| Inventory turnover | 1.59 | 1.58 | 1.56 | 1.52 | 1.38 | 1.48 | 1.42 | 1.20 | 1.26 | 1.75 | 1.62 | 1.37 | 1.33 | 1.37 | 1.27 | 1.21 | 1.15 | 1.42 | 1.31 | 1.35 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $15,077,000K ÷ $9,453,000K
= 1.59
The inventory turnover ratio for Philip Morris International Inc has shown some fluctuations over the past few years. From March 2020 to December 2020, the ratio ranged between 1.15 and 1.42, indicating that, on average, the company's inventory was turned over about 1.15 to 1.42 times during the year.
From March 2021 to December 2021, the inventory turnover ratio fluctuated between 1.21 and 1.33. This suggests that the company's ability to sell and replace its inventory improved slightly compared to the previous period.
In the most recent period from March 2024 to December 2024, the inventory turnover ratio ranged from 1.52 to 1.59, demonstrating a further improvement in the efficiency of managing the company's inventory.
Overall, the trend in the inventory turnover ratio for Philip Morris International Inc has shown some variability but generally indicates that the company has been effectively managing its inventory levels and improving its efficiency in turning over inventory in recent years.
Peer comparison
Dec 31, 2024
Dec 31, 2024
See also:
Philip Morris International Inc Inventory Turnover (Quarterly Data)