Philip Morris International Inc (PM)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 7,813,000 | 8,014,000 | 8,047,000 | 8,712,000 | 9,048,000 | 8,744,000 | 9,083,000 | 9,022,000 | 9,109,000 | 8,992,000 | 8,873,000 | 8,648,000 | 8,056,000 | 7,696,000 | 7,285,000 | 7,657,000 | 7,185,000 | 7,479,000 | 7,830,000 | 7,709,000 |
| 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 |
| ROA | 11.96% | 12.74% | 13.01% | 14.04% | 14.67% | 21.48% | 22.18% | 21.62% | 22.06% | 21.62% | 21.81% | 21.73% | 17.98% | 19.67% | 18.60% | 20.42% | 16.76% | 18.06% | 19.61% | 20.26% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $7,813,000K ÷ $65,304,000K
= 11.96%
The return on assets (ROA) for Philip Morris International Inc has been fluctuating over the past eight quarters. The trend shows a decreasing pattern from 14.63% in Q4 2022 to 11.93% in Q4 2023. This indicates a declining efficiency in generating profits from its assets. Despite the decline, the ROA remains positive and relatively strong, indicating that the company is still able to generate profit from its assets. Further analysis would be needed to understand the factors contributing to this trend and to evaluate the company's overall performance.
Peer comparison
Dec 31, 2023
See also:
Philip Morris International Inc Return on Assets (ROA) (Quarterly Data)