Philip Morris International Inc (PM)
Receivables 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 |
| Receivables | US$ in thousands | 4,391,000 | 4,789,000 | 5,012,000 | 5,307,000 | 5,444,000 | 5,501,000 | 5,561,000 | 5,109,000 | 4,458,000 | 4,886,000 | 5,248,000 | 4,729,000 | 4,126,000 | 4,485,000 | 4,695,000 | 3,847,000 | 4,240,000 | 4,380,000 | 4,840,000 | 4,119,000 |
| Receivables turnover | 12.30 | 15.53 | 19.03 | 21.80 | 21.18 | 21.10 | 20.98 | 22.78 | 26.08 | 19.26 | 17.58 | 18.75 | 21.13 | 19.50 | 18.67 | 23.64 | 21.17 | 20.44 | 18.29 | 21.57 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $53,999,000K ÷ $4,391,000K
= 12.30
The receivables turnover ratio for Philip Morris International Inc shows fluctuations over the past eight quarters. In Q4 2023, the company had a receivables turnover of 8.01, indicating that receivables were collected approximately 8 times during the quarter. This represents a significant improvement compared to Q3 2023, where the ratio was 1.79, suggesting a slower collection of receivables.
The ratio improved compared to Q2 2023 (4.05) and Q1 2023 (6.90), indicating better efficiency in collecting receivables during Q4 2023. Furthermore, the receivables turnover in Q4 2023 (8.01) is higher than the ratios seen in the previous four quarters (Q4 2022-Q1 2023), suggesting a positive trend in collecting receivables.
Overall, the receivables turnover for Philip Morris International Inc has shown variability over the past eight quarters, with Q4 2023 demonstrating a significant improvement in the efficiency of collecting receivables compared to the previous quarters.
Peer comparison
Dec 31, 2023
See also:
Philip Morris International Inc Receivables Turnover (Quarterly Data)