Philip Morris International Inc (PM)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 37,576,000 | 33,808,000 | 115,302,000 | 116,285,000 | 107,266,000 |
| Total current assets | US$ in thousands | 20,170,000 | 19,755,000 | 19,619,000 | 17,717,000 | 21,492,000 |
| Total current liabilities | US$ in thousands | 22,915,000 | 26,383,000 | 27,336,000 | 19,255,000 | 19,615,000 |
| Working capital turnover | — | — | — | — | 57.15 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $37,576,000K ÷ ($20,170,000K – $22,915,000K)
= —
The working capital turnover ratio for Philip Morris International Inc has been reported as 57.15 for the year ending December 31, 2020. However, there is no data available for the subsequent years up to December 31, 2024.
The working capital turnover ratio indicates how efficiently a company is using its working capital to generate revenue. In this case, a ratio of 57.15 implies that, on average, Philip Morris International Inc generated 57.15 times its annual revenue with the working capital it had available in 2020.
The lack of data for the following years makes it difficult to track the trend of the working capital turnover ratio over time and assess the company's efficiency in managing its working capital. It is important for the company to monitor and improve this ratio to ensure optimal utilization of its resources.
Peer comparison
Dec 31, 2024