Altria Group Inc. (MO)


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

Low level of difficulty

Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.


Long-term Activity Ratios (Summary)

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

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Net fixed asset turnover 12.85 13.14 12.95 13.09 13.41 13.44 13.54 13.36 13.49 13.63 13.40 13.15 13.11 13.05 13.14 12.83 12.59 12.64 12.58 12.37
Total asset turnover 0.48 0.44 0.42 0.46 0.58 0.58 0.58 0.59 0.58 0.59 0.56 0.56 0.78 0.82 0.75 0.78 0.79 0.79 0.73 0.71
Equity turnover 2.39 1.74 1.77 1.72 1.64 1.60 1.66 1.66 2.11 2.09 2.10 2.02 8.77 8.15 9.36 8.83 8.79 9.06 9.79 8.14

Based on: 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-05-02), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-23), 10-K (filing date: 2015-02-25), 10-Q (filing date: 2014-10-30), 10-Q (filing date: 2014-07-22), 10-Q (filing date: 2014-04-24).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets.
Total asset turnover An activity ratio calculated as total revenue divided by total assets.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity.

Net Fixed Asset Turnover

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

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (US$ in millions)
Net revenues 6,856  6,619  5,628  6,114  6,837  6,305  6,108  6,101  6,729  6,663  6,083  6,252  6,905  6,521  6,066  6,318  6,699  6,613  5,804  6,258  6,491  6,256  5,517 
Property, plant and equipment, net 1,962  1,917  1,922  1,938  1,891  1,878  1,891  1,914  1,907  1,900  1,923  1,958  1,969  1,962  1,955  1,982  2,016  1,991  1,972  1,983  1,998  1,997  2,003 
Long-term Activity Ratio
Net fixed asset turnover1 12.85 13.14 12.95 13.09 13.41 13.44 13.54 13.36 13.49 13.63 13.40 13.15 13.11 13.05 13.14 12.83 12.59 12.64 12.58 12.37
Benchmarks
Net Fixed Asset Turnover, Competitors2
Philip Morris International Inc. 11.74 11.27 11.47 11.08 11.42 11.49 10.72 10.74 11.04 11.31 11.93 12.36 12.09 12.41 12.51 12.92 13.48 13.31 13.99 13.19

Based on: 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-05-02), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-23), 10-K (filing date: 2015-02-25), 10-Q (filing date: 2014-10-30), 10-Q (filing date: 2014-07-22), 10-Q (filing date: 2014-04-24).

1 Q3 2019 Calculation
Net fixed asset turnover = (Net revenuesQ3 2019 + Net revenuesQ2 2019 + Net revenuesQ1 2019 + Net revenuesQ4 2018) ÷ Property, plant and equipment, net
= (6,856 + 6,619 + 5,628 + 6,114) ÷ 1,962 = 12.85

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.

Total Asset Turnover

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

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (US$ in millions)
Net revenues 6,856  6,619  5,628  6,114  6,837  6,305  6,108  6,101  6,729  6,663  6,083  6,252  6,905  6,521  6,066  6,318  6,699  6,613  5,804  6,258  6,491  6,256  5,517 
Total assets 52,913  57,501  59,233  55,638  43,953  43,177  43,899  43,202  44,160  43,726  46,175  45,932  32,934  31,324  34,063  32,535  31,999  31,869  34,212  34,475  34,082  33,282  35,406 
Long-term Activity Ratio
Total asset turnover1 0.48 0.44 0.42 0.46 0.58 0.58 0.58 0.59 0.58 0.59 0.56 0.56 0.78 0.82 0.75 0.78 0.79 0.79 0.73 0.71
Benchmarks
Total Asset Turnover, Competitors2
Philip Morris International Inc. 1.88 1.95 2.08 2.01 2.07 2.01 1.86 1.82 1.80 1.94 2.04 2.03 2.08 2.12 2.12 2.18 2.36 2.37 2.40 2.28

Based on: 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-05-02), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-23), 10-K (filing date: 2015-02-25), 10-Q (filing date: 2014-10-30), 10-Q (filing date: 2014-07-22), 10-Q (filing date: 2014-04-24).

1 Q3 2019 Calculation
Total asset turnover = (Net revenuesQ3 2019 + Net revenuesQ2 2019 + Net revenuesQ1 2019 + Net revenuesQ4 2018) ÷ Total assets
= (6,856 + 6,619 + 5,628 + 6,114) ÷ 52,913 = 0.48

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.

Equity Turnover

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

Microsoft Excel LibreOffice Calc
Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (US$ in millions)
Net revenues 6,856  6,619  5,628  6,114  6,837  6,305  6,108  6,101  6,729  6,663  6,083  6,252  6,905  6,521  6,066  6,318  6,699  6,613  5,804  6,258  6,491  6,256  5,517 
Stockholders’ equity attributable to Altria 10,545  14,464  14,079  14,787  15,494  15,796  15,394  15,377  12,166  12,418  12,260  12,770  2,944  3,140  2,745  2,880  2,887  2,779  2,533  3,014  4,294  4,395  4,115 
Long-term Activity Ratio
Equity turnover1 2.39 1.74 1.77 1.72 1.64 1.60 1.66 1.66 2.11 2.09 2.10 2.02 8.77 8.15 9.36 8.83 8.79 9.06 9.79 8.14
Benchmarks
Equity Turnover, Competitors2
Philip Morris International Inc.

Based on: 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-05-02), 10-K (filing date: 2017-02-27), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-23), 10-K (filing date: 2015-02-25), 10-Q (filing date: 2014-10-30), 10-Q (filing date: 2014-07-22), 10-Q (filing date: 2014-04-24).

1 Q3 2019 Calculation
Equity turnover = (Net revenuesQ3 2019 + Net revenuesQ2 2019 + Net revenuesQ1 2019 + Net revenuesQ4 2018) ÷ Stockholders’ equity attributable to Altria
= (6,856 + 6,619 + 5,628 + 6,114) ÷ 10,545 = 2.39

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity.