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

Company name
Symbol
Working capital turnover
Philip Morris International Inc
PM
Altria Group
MO

See also:

Philip Morris International Inc Working Capital Turnover