Philip Morris International Inc (PM)
Working capital 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 current assets | US$ in thousands | 20,170,000 | 20,796,000 | 21,028,000 | 20,874,000 | 19,755,000 | 19,193,000 | 19,836,000 | 19,571,000 | 19,619,000 | 19,035,000 | 18,376,000 | 18,724,000 | 17,717,000 | 17,846,000 | 18,743,000 | 17,910,000 | 21,492,000 | 17,453,000 | 17,776,000 | 16,861,000 |
| Total current liabilities | US$ in thousands | 22,915,000 | 23,366,000 | 22,416,000 | 22,168,000 | 26,383,000 | 21,547,000 | 23,245,000 | 22,985,000 | 27,336,000 | 20,772,000 | 20,547,000 | 20,417,000 | 19,255,000 | 17,877,000 | 15,884,000 | 15,215,000 | 19,615,000 | 15,525,000 | 15,792,000 | 16,584,000 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 32.27 | 32.90 | 46.45 | 45.36 | 44.17 | 328.26 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $37,277,000K ÷ ($20,170,000K – $22,915,000K)
= —
Working capital turnover measures how efficiently a company utilizes its working capital to generate sales revenue during a specific period. A higher working capital turnover ratio indicates better efficiency in managing working capital.
For Philip Morris International Inc, the working capital turnover ratio fluctuated over the periods provided. From March 31, 2020, to June 30, 2021, the ratio declined significantly from 328.26 to 32.27, suggesting a decrease in the efficiency of using working capital to generate sales.
However, from June 30, 2021, onwards, data for the working capital turnover ratio is not available, denoted by "—". This lack of data prevents a comprehensive analysis of recent periods.
It is essential for the company to monitor and possibly improve its working capital turnover ratio to ensure optimal utilization of resources and efficiency in generating sales revenue. Further evaluation of current and future data is necessary to assess any trends or changes in the company's working capital management efficiency.
Peer comparison
Dec 31, 2024
See also:
Philip Morris International Inc Working Capital Turnover (Quarterly Data)