Philip Morris International Inc (PM)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 11,556,000 | 11,591,000 | 11,189,000 | 11,679,000 | 12,246,000 | 12,269,000 | 12,756,000 | 12,829,000 | 12,975,000 | 12,933,000 | 12,721,000 | 12,323,000 | 11,668,000 | 11,269,000 | 10,814,000 | 11,270,000 | 10,531,000 | 10,727,000 | 11,095,000 | 11,001,000 |
| 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 |
| Operating ROA | 17.70% | 18.42% | 18.09% | 18.82% | 19.85% | 30.13% | 31.14% | 30.74% | 31.42% | 31.10% | 31.27% | 30.96% | 26.04% | 28.80% | 27.61% | 30.06% | 24.56% | 25.90% | 27.79% | 28.92% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $11,556,000K ÷ $65,304,000K
= 17.70%
The operating return on assets (operating ROA) for Philip Morris International Inc has shown a consistent performance over the past 8 quarters. The trend indicates a slight decrease in operating ROA from Q1 2022 (30.74%) to Q2 2023 (18.09%), followed by a slight increase in Q4 2023 (18.71%). Despite this fluctuation, the company's operating ROA has generally remained above 18% throughout the period under review, reflecting the efficiency of the company in generating profits from its assets. It is worth noting the significant decline in operating ROA from Q3 2022 (31.14%) to Q4 2022 (19.85%), which may require further investigation to understand the underlying factors impacting the company's operational performance.
Peer comparison
Dec 31, 2023