Philip Morris International Inc., total asset turnover, long-term trends, calculation

	Total asset turnover	=	Revenues including excise taxes¹	÷	Total assets¹
Dec 31, 2019	1.82	=	77,921	÷	42,875
Dec 31, 2018	2.01	=	79,823	÷	39,801
Dec 31, 2017	1.82	=	78,098	÷	42,968
Dec 31, 2016	2.03	=	74,953	÷	36,851
Dec 31, 2015	2.18	=	73,908	÷	33,956
Dec 31, 2014	2.28	=	80,106	÷	35,187
Dec 31, 2013	2.10	=	80,029	÷	38,168
Dec 31, 2012	2.05	=	77,393	÷	37,670
Dec 31, 2011	2.15	=	76,346	÷	35,488
Dec 31, 2010	1.93	=	67,713	÷	35,050
Dec 31, 2009	1.80	=	62,080	÷	34,552
Dec 31, 2008	1.93	=	63,640	÷	32,972

¹ US$ in millions

Philip Morris International Inc., total asset turnover, long-term trends, comparison to competitors

	Philip Morris International Inc.	Altria Group Inc.
Dec 31, 2019	1.82	0.51
Dec 31, 2018	2.01	0.46
Dec 31, 2017	1.82	0.59
Dec 31, 2016	2.03	0.56
Dec 31, 2015	2.18	0.78
Dec 31, 2014	2.28	0.71
Dec 31, 2013	2.10	0.70
Dec 31, 2012	2.05	0.70
Dec 31, 2011	2.15	0.64
Dec 31, 2010	1.93	0.65
Dec 31, 2009	1.80	0.64
Dec 31, 2008	1.93	0.71

Philip Morris International Inc., total asset turnover, long-term trends, comparison to sector (tobacco)

	Philip Morris International Inc.	Tobacco
Dec 31, 2019	1.82	1.12
Dec 31, 2018	2.01	1.10
Dec 31, 2017	1.82	1.20
Dec 31, 2016	2.03	1.22
Dec 31, 2015	2.18	1.49
Dec 31, 2014	2.28	1.50
Dec 31, 2013	2.10	1.43
Dec 31, 2012	2.05	1.40
Dec 31, 2011	2.15	1.38
Dec 31, 2010	1.93	1.27
Dec 31, 2009	1.80	1.20
Dec 31, 2008	1.93	1.38

Philip Morris International Inc., total asset turnover, long-term trends, comparison to industry (consumer goods)

	Philip Morris International Inc.	Consumer Goods
Dec 31, 2019	1.82	0.67
Dec 31, 2018	2.01	0.66
Dec 31, 2017	1.82	0.64
Dec 31, 2016	2.03	0.65
Dec 31, 2015	2.18	0.67
Dec 31, 2014	2.28	0.81
Dec 31, 2013	2.10	0.79
Dec 31, 2012	2.05	0.80
Dec 31, 2011	2.15	0.81
Dec 31, 2010	1.93	0.76
Dec 31, 2009	1.80	0.81
Dec 31, 2008	1.93	0.86

Philip Morris International Inc. (NYSE:PM)

Total Asset Turnover
since 2008