Philip Morris International Inc (PM)
Receivables 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 |
| Receivables | US$ in thousands | 4,675,000 | 5,191,000 | 5,117,000 | 5,052,000 | 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 |
| Receivables turnover | 7.97 | 7.00 | 6.90 | 6.83 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $37,277,000K ÷ $4,675,000K
= 7.97
The receivables turnover ratio reflects how efficiently a company is collecting cash from its customers. A higher turnover ratio indicates that the company is collecting receivables more quickly.
Analyzing the receivables turnover of Philip Morris International Inc over the past few years, the ratio has shown some fluctuations. It was relatively stable around the range of 18 to 23 from March 31, 2020, to March 31, 2023. However, there was a significant decline in the ratio in the subsequent quarters, dropping to 12.30 by December 31, 2023. This could indicate potential issues with collecting receivables efficiently.
The ratio continued to drop further in the following periods, reaching as low as 6.83 by March 31, 2024, and remaining below 8 in the subsequent quarters. A sharp decrease in receivables turnover may suggest issues with credit policies, collection procedures, or potential credit risks associated with customers.
It is crucial for Philip Morris International Inc to address the declining trend in receivables turnover to ensure effective cash flow management and safeguard against potential liquidity issues. Further analysis and actions may be required to improve the efficiency of receivables collection processes.
Peer comparison
Dec 31, 2024
See also:
Philip Morris International Inc Receivables Turnover (Quarterly Data)