Philip Morris International Inc (PM)
Total asset 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 |
| Total assets | US$ in thousands | 61,784,000 | 66,892,000 | 65,782,000 | 65,315,000 | 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 |
| Total asset turnover | 0.60 | 0.54 | 0.54 | 0.53 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $37,277,000K ÷ $61,784,000K
= 0.60
Total asset turnover for Philip Morris International Inc has exhibited fluctuating trends over the years, reflecting the company's ability to generate revenue relative to its total assets. The ratio was relatively stable around 2.2 to 2.4 during the first half of 2020 and most of 2021. However, there was a notable increase to 2.82 by the end of December 2021, indicating improved efficiency in utilizing assets to generate sales.
During the first half of 2022, the total asset turnover remained relatively high, ranging between 2.79 and 2.85, suggesting sustained efficient asset utilization. However, starting from December 2022, the ratio decreased significantly to 1.87 and continued to decline throughout the following quarters, reaching a low of 0.53 by March 31, 2024.
The declining trend in total asset turnover from 2023 onward may raise concerns regarding the company's efficiency in generating sales relative to its asset base. A lower ratio indicates inefficiencies in asset utilization, possibly due to factors such as stagnant sales growth, underperforming assets, or increased asset base without proportionate revenue gains.
Overall, the analysis of Philip Morris International Inc's total asset turnover highlights the importance of monitoring this ratio over time to assess the company's operational efficiency and effectiveness in utilizing its assets to drive revenue generation.
Peer comparison
Dec 31, 2024
See also:
Philip Morris International Inc Total Asset Turnover (Quarterly Data)