Philip Morris International Inc (PM)
Total 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 |
| Total assets | US$ in thousands | 65,304,000 | 62,927,000 | 61,868,000 | 62,060,000 | 61,681,000 | 40,717,000 | 40,960,000 | 41,733,000 | 41,290,000 | 41,589,000 | 40,686,000 | 39,804,000 | 44,815,000 | 39,129,000 | 39,162,000 | 37,494,000 | 42,875,000 | 41,420,000 | 39,923,000 | 38,042,000 |
| Total asset turnover | 0.83 | 1.18 | 1.54 | 1.86 | 1.87 | 2.85 | 2.85 | 2.79 | 2.82 | 2.26 | 2.27 | 2.23 | 1.95 | 2.23 | 2.24 | 2.43 | 2.09 | 2.16 | 2.22 | 2.34 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $53,999,000K ÷ $65,304,000K
= 0.83
Total asset turnover is a key financial ratio that measures a company's efficiency in generating revenue from its total assets. A higher total asset turnover indicates better asset utilization and efficiency.
Based on the data provided for Philip Morris International Inc, we observe fluctuations in the total asset turnover over the quarters. In Q3 2022 and Q2 2022, the company had high total asset turnover of 0.75 and 0.77, indicating effective utilization of assets to generate revenue. However, in subsequent quarters, the total asset turnover decreased notably.
In Q3 2023, the total asset turnover dropped to 0.14, reflecting a significant decline in asset efficiency. This sharp decrease could be a cause for concern as it suggests that the company may not be effectively using its assets to generate revenue during that period.
Overall, it is important for Philip Morris International Inc to closely monitor its total asset turnover and take measures to improve asset efficiency to ensure sustainable revenue generation and long-term profitability.
Peer comparison
Dec 31, 2023
See also:
Philip Morris International Inc Total Asset Turnover (Quarterly Data)