Days Inventory is also known as Days Sales of Inventory (DSI). Altria Group's Average Total Inventories for the
three
months ended in Dec. 2023 was $1,195 Mil. Altria Group's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $1,525 Mil.
Hence, Altria Group's Days Inventory for the
three
months ended in Dec. 2023 was 71.47.
The historical rank and industry rank for Altria Group's Days Inventory or its related term are showing as below:
MO'
s Days Inventory Range Over the Past 10 Years
Min: 67.25 Med: 95.97 Max: 119.11
Current: 70.58
During the past 13 years, Altria Group's highest Days Inventory was 119.11. The lowest was 67.25. And the median was 95.97.
MO's Days Inventory is ranked better than 66.67% of 51
companies
in the Tobacco Products industry
Industry Median: 126.03
vs MO: 70.58
Altria Group's Days Inventory
increased
from Dec. 2022 (66.31) to Dec. 2023 (71.47).
It might indicate that Altria Group's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Altria Group's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.28.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Altria Group's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.24.
Altria Group Days Inventory Historical Data
The historical data trend for Altria Group's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Altria Group's Days Inventory
For the Tobacco subindustry, Altria Group's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Altria Group's Days Inventory Distribution in the Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Altria Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where Altria Group's Days Inventory falls into.
Altria Group Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Altria Group's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Altria Group (NYSE:MO) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Altria Group's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Altria Group's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Altria Group Days Inventory Related Terms
Thank you for viewing the detailed overview of Altria Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Altria comprises Philip Morris USA, U.S. Smokeless Tobacco, John Middleton, Horizon Innovations and Helix Innovations. It holds a 10% interest in the world's largest brewer, Anheuser-Busch InBev. Through its tobacco subsidiaries, Altria holds the leading position in cigarettes and smokeless tobacco in the United States and the number-two spot in machine-made cigars. The company's Marlboro brand is the leading cigarette brand in the U.S. with a 42% annual share in 2022. Altria holds a 42% stake in cannabis manufacturer Cronos, has acquired Njoy Holdings in 2023, and recently exited its strategic investment in Juul Labs.
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