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

Company name
Symbol
Operating ROA
Philip Morris International Inc
PM
17.70%
Altria Group
MO
29.94%
Vector Group Ltd
VGR
35.12%