Philip Morris International Inc (PM)

Return on total capital

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
Earnings before interest and tax (EBIT) (ttm) US$ in thousands 11,556,000 11,591,000 11,189,000 11,450,000 12,017,000 12,040,000 12,527,000 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
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands -11,225,000 -9,433,000 -9,703,000 -8,924,000 -8,957,000 -9,137,000 -9,044,000 -10,098,000 -10,106,000 -10,551,000 -11,113,000 -11,548,000 -12,567,000 -12,092,000 -11,997,000 -12,944,000 -11,577,000 -11,010,000 -11,199,000 -11,968,000
Return on total capital

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $11,556,000K ÷ ($—K + $-11,225,000K)
= —

Philip Morris International Inc's return on total capital has shown varying levels over the past eight quarters. The return on total capital ranged from 29.84% to 68.03% during this period. It reached its peak in Q3 2022 at 68.03% and experienced a decline over the subsequent quarters. Despite the fluctuations, the company has maintained a relatively high return on total capital, indicating efficient utilization of both debt and equity to generate profits. Monitoring this ratio can provide insights into the company's operational efficiency and profitability over time.


Peer comparison

Dec 31, 2023

Company name
Symbol
Return on total capital
Philip Morris International Inc
PM
Altria Group
MO
53.53%
Vector Group Ltd
VGR