Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Philip Morris International Inc. (NYSE:PM)

Analysis of Long-term (Investment) Activity Ratios

Beginner level


Long-term Activity Ratios (Summary)

Philip Morris International Inc., long-term (investment) activity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Net fixed asset turnover 11.75 11.08 10.74 12.36 12.92
Net fixed asset turnover (including operating lease, right-of-use asset) 10.53 11.08 10.74 12.36 12.92
Total asset turnover 1.82 2.01 1.82 2.03 2.18
Equity turnover

Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-17).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Philip Morris International Inc.’s net fixed asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Philip Morris International Inc.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Philip Morris International Inc.’s total asset turnover ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity.

Net Fixed Asset Turnover

Philip Morris International Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Revenues including excise taxes 77,921  79,823  78,098  74,953  73,908 
Property, plant and equipment, less accumulated depreciation 6,631  7,201  7,271  6,064  5,721 
Long-term Activity Ratio
Net fixed asset turnover1 11.75 11.08 10.74 12.36 12.92
Benchmarks
Net Fixed Asset Turnover, Competitors2
Altria Group Inc. 12.56 13.09 13.36 13.15 12.83
Net Fixed Asset Turnover, Sector
Tobacco 11.94 11.51 11.29 12.55 12.90
Net Fixed Asset Turnover, Industry
Consumer Goods 4.47 4.65 4.63 4.73 4.71

Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-17).

1 2019 Calculation
Net fixed asset turnover = Revenues including excise taxes ÷ Property, plant and equipment, less accumulated depreciation
= 77,921 ÷ 6,631 = 11.75

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. Philip Morris International Inc.’s net fixed asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Philip Morris International Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Revenues including excise taxes 77,921  79,823  78,098  74,953  73,908 
 
Property, plant and equipment, less accumulated depreciation 6,631  7,201  7,271  6,064  5,721 
Operating lease right-of-use asset (included in Other assets) 766  —  —  —  — 
Property, plant and equipment, less accumulated depreciation (including operating lease, right-of-use asset) 7,397  7,201  7,271  6,064  5,721 
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 10.53 11.08 10.74 12.36 12.92
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Altria Group Inc. 11.53 13.09 13.36 13.15 12.83
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Tobacco 10.76 11.51 11.29 12.55 12.90
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Consumer Goods 4.20 4.65 4.63 4.73 4.71

Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-17).

1 2019 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenues including excise taxes ÷ Property, plant and equipment, less accumulated depreciation (including operating lease, right-of-use asset)
= 77,921 ÷ 7,397 = 10.53

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Philip Morris International Inc.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.

Total Asset Turnover

Philip Morris International Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Revenues including excise taxes 77,921  79,823  78,098  74,953  73,908 
Total assets 42,875  39,801  42,968  36,851  33,956 
Long-term Activity Ratio
Total asset turnover1 1.82 2.01 1.82 2.03 2.18
Benchmarks
Total Asset Turnover, Competitors2
Altria Group Inc. 0.51 0.46 0.59 0.56 0.78
Total Asset Turnover, Sector
Tobacco 1.12 1.10 1.20 1.22 1.49
Total Asset Turnover, Industry
Consumer Goods 0.67 0.66 0.64 0.65 0.67

Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-17).

1 2019 Calculation
Total asset turnover = Revenues including excise taxes ÷ Total assets
= 77,921 ÷ 42,875 = 1.82

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. Philip Morris International Inc.’s total asset turnover ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.

Equity Turnover

Philip Morris International Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Revenues including excise taxes 77,921  79,823  78,098  74,953  73,908 
Total PMI stockholders’ deficit (11,577) (12,459) (12,086) (12,688) (13,244)
Long-term Activity Ratio
Equity turnover1
Benchmarks
Equity Turnover, Competitors2
Altria Group Inc. 4.04 1.72 1.66 2.02 8.83
Equity Turnover, Sector
Tobacco 45.18 31.50 1,228.01
Equity Turnover, Industry
Consumer Goods 2.33 2.18 1.98 2.05 2.07

Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-17).

1 2019 Calculation
Equity turnover = Revenues including excise taxes ÷ Total PMI stockholders’ deficit
= 77,921 ÷ -11,577 =

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.