Philip Morris International Inc (PM)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 7,057,000 | 9,832,000 | 8,804,000 | 7,966,000 | 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 |
| Total assets | US$ in thousands | 61,784,000 | 66,892,000 | 65,782,000 | 65,315,000 | 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 |
| ROA | 11.42% | 14.70% | 13.38% | 12.20% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $7,057,000K ÷ $61,784,000K
= 11.42%
Philip Morris International Inc has seen fluctuations in its Return on Assets (ROA) over the provided periods. The ROA ranged from a high of 22.18% on June 30, 2022, to a low of 11.42% on December 31, 2024. The overall trend shows that the ROA peaked at around 22% in mid-2022 before declining gradually towards the end of 2024.
A higher ROA indicates the company is more efficient in generating profits relative to its total assets. The decline in ROA from mid-2022 to the end of 2024 could indicate a decrease in profitability relative to its asset base. This could be due to various factors such as increased asset utilization, declining sales, rising costs, or changes in the company's capital structure.
Investors and analysts may want to closely monitor the trends in ROA to assess the company's operational efficiency and profitability. It is important to consider other financial metrics and qualitative factors when evaluating the overall financial health and performance of Philip Morris International Inc.
Peer comparison
Dec 31, 2024
See also:
Philip Morris International Inc Return on Assets (ROA) (Quarterly Data)