Stock Analysis on Net

Altria Group Inc. (NYSE:MO)

Analysis of Long-term (Investment) Activity Ratios 
Quarterly Data

Microsoft Excel

Long-term Activity Ratios (Summary)

Altria Group Inc., long-term (investment) activity ratios (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Net fixed asset turnover 14.84 14.84 14.99 14.82 15.11 15.31 15.65 15.61 15.90 16.36 16.72 16.75 17.17 13.66 13.03 13.00 12.87 12.78 12.94 12.56
Total asset turnover 0.70 0.70 0.67 0.63 0.68 0.67 0.68 0.68 0.74 0.69 0.64 0.66 0.66 0.59 0.53 0.55 0.55 0.51 0.49 0.51
Equity turnover 8.11 8.87 9.21 8.24 4.50 3.95 4.04

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Altria Group Inc. net fixed asset turnover ratio deteriorated from Q1 2024 to Q2 2024 but then slightly improved from Q2 2024 to Q3 2024.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Altria Group Inc. total asset turnover ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Net Fixed Asset Turnover

Altria Group Inc., net fixed asset turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Net revenues 6,259 6,209 5,576 5,975 6,281 6,508 5,719 6,111 6,550 6,543 5,892 6,255 6,786 6,936 6,036 6,304 7,123 6,367 6,359 6,007 6,856 6,619 5,628
Property, plant and equipment, less accumulated depreciation 1,618 1,620 1,624 1,652 1,629 1,626 1,593 1,608 1,587 1,557 1,547 1,553 1,518 1,933 1,982 2,012 2,009 2,002 1,997 1,999 1,962 1,917 1,922
Long-term Activity Ratio
Net fixed asset turnover1 14.84 14.84 14.99 14.82 15.11 15.31 15.65 15.61 15.90 16.36 16.72 16.75 17.17 13.66 13.03 13.00 12.87 12.78 12.94 12.56
Benchmarks
Net Fixed Asset Turnover, Competitors2
Coca-Cola Co. 4.70 4.89 4.95 4.95 5.08 4.55 4.42 4.37 4.58 4.37 4.10 3.90 3.76 3.45 3.13 3.06 3.14 3.21 3.38 3.44
PepsiCo Inc. 3.38 3.40 3.43 3.38 3.69 3.68 3.63 3.56 3.67 3.61 3.67 3.55 3.61 3.45 3.36 3.29 3.48 3.53 3.59 3.48
Philip Morris International Inc. 4.93 5.02 4.99 4.68 4.98 4.74 4.72 4.73 5.65 5.33 5.26 5.09 5.07 5.03 4.89 4.51 4.72 4.72 4.95 4.49

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Net fixed asset turnover = (Net revenuesQ3 2024 + Net revenuesQ2 2024 + Net revenuesQ1 2024 + Net revenuesQ4 2023) ÷ Property, plant and equipment, less accumulated depreciation
= (6,259 + 6,209 + 5,576 + 5,975) ÷ 1,618 = 14.84

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Altria Group Inc. net fixed asset turnover ratio deteriorated from Q1 2024 to Q2 2024 but then slightly improved from Q2 2024 to Q3 2024.

Total Asset Turnover

Altria Group Inc., total asset turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Net revenues 6,259 6,209 5,576 5,975 6,281 6,508 5,719 6,111 6,550 6,543 5,892 6,255 6,786 6,936 6,036 6,304 7,123 6,367 6,359 6,007 6,856 6,619 5,628
Total assets 34,167 34,387 36,475 38,570 36,469 37,151 36,826 36,954 33,953 36,746 40,235 39,523 39,564 44,388 48,776 47,414 46,651 50,200 52,618 49,271 52,913 57,501 59,233
Long-term Activity Ratio
Total asset turnover1 0.70 0.70 0.67 0.63 0.68 0.67 0.68 0.68 0.74 0.69 0.64 0.66 0.66 0.59 0.53 0.55 0.55 0.51 0.49 0.51
Benchmarks
Total Asset Turnover, Competitors2
Coca-Cola Co. 0.44 0.46 0.46 0.47 0.46 0.45 0.45 0.46 0.46 0.44 0.43 0.41 0.42 0.40 0.37 0.38 0.34 0.36 0.40 0.43
PepsiCo Inc. 0.91 0.92 0.92 0.91 0.92 0.94 0.95 0.94 0.89 0.88 0.87 0.86 0.82 0.81 0.78 0.76 0.74 0.76 0.80 0.86
Philip Morris International Inc. 0.56 0.55 0.55 0.54 0.54 0.54 0.52 0.51 0.78 0.78 0.76 0.76 0.74 0.74 0.73 0.64 0.74 0.74 0.81 0.70

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Total asset turnover = (Net revenuesQ3 2024 + Net revenuesQ2 2024 + Net revenuesQ1 2024 + Net revenuesQ4 2023) ÷ Total assets
= (6,259 + 6,209 + 5,576 + 5,975) ÷ 34,167 = 0.70

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Altria Group Inc. total asset turnover ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Equity Turnover

Altria Group Inc., equity turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Net revenues 6,259 6,209 5,576 5,975 6,281 6,508 5,719 6,111 6,550 6,543 5,892 6,255 6,786 6,936 6,036 6,304 7,123 6,367 6,359 6,007 6,856 6,619 5,628
Stockholders’ equity (deficit) attributable to Altria (3,468) (3,016) (5,114) (3,540) (3,407) (3,827) (3,876) (3,973) (4,232) (2,403) (1,760) (1,606) (1,267) 3,257 2,913 2,839 3,139 5,688 6,543 6,222 10,545 14,464 14,079
Long-term Activity Ratio
Equity turnover1 8.11 8.87 9.21 8.24 4.50 3.95 4.04
Benchmarks
Equity Turnover, Competitors2
Coca-Cola Co. 1.75 1.80 1.74 1.76 1.71 1.70 1.72 1.78 1.86 1.80 1.62 1.68 1.70 1.64 1.64 1.71 1.80 1.96 2.05 1.96
PepsiCo Inc. 4.73 4.73 4.82 4.94 4.87 5.10 5.17 5.04 4.41 4.41 4.44 4.95 4.83 4.88 5.11 5.23 5.08 5.42 5.06 4.54
Philip Morris International Inc.

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Equity turnover = (Net revenuesQ3 2024 + Net revenuesQ2 2024 + Net revenuesQ1 2024 + Net revenuesQ4 2023) ÷ Stockholders’ equity (deficit) attributable to Altria
= (6,259 + 6,209 + 5,576 + 5,975) ÷ -3,468 =

2 Click competitor name to see calculations.