Altria Group's change in inventory for the quarter that ended in Dec. 2023 was $-41 Mil. It means Altria Group's inventory
increased by $41 Mil
from Sep. 2023 to Dec. 2023 .
Altria Group's change in inventory for the fiscal year that ended in Dec. 2023 was $-15 Mil. It means Altria Group's inventory
increased by $15 Mil
from Dec. 2022 to Dec. 2023 .
Altria Group's Total Inventories for the quarter that ended in Dec. 2023 was $1,215 Mil.
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 quarter that ended in Dec. 2023 was 71.47.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Altria Group's Inventory Turnover for the quarter that 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 quarter that ended in Dec. 2023 was 0.24.
Altria Group Change In Inventory Historical Data
The historical data trend for Altria Group's Change In 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.
Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.
Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-15 Mil.
* 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) Change In Inventory Explanation
1. 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 quarter that ended in is calculated as:
3. 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 quarter 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 Change In Inventory Related Terms
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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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