Altria Group (BUE:MO) Days Inventory

: 70.40 (As of Dec. 2023)

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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 ARS424,728 Mil. Altria Group's Cost of Goods Sold for the three months ended in Dec. 2023 was ARS550,525 Mil. Hence, Altria Group's Days Inventory for the three months ended in Dec. 2023 was 70.40.

The historical rank and industry rank for Altria Group's Days Inventory or its related term are showing as below:

BUE: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.

BUE:MO's Days Inventory is ranked better than
66.67% of 51 companies
in the Tobacco Products industry
Industry Median: 126.03 vs BUE:MO: 70.58

Altria Group's Days Inventory increased from Dec. 2022 (60.81) to Dec. 2023 (70.40). 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 1.30.

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 0.23.

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.

* Premium members only.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 96.94 [6] => 85.21 [7] => 71.22 [8] => 53.81 [9] => 51.74 )

Altria Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

96.94

85.21

71.22

53.81

51.74

Altria Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																60.81	71.70	60.30	57.56	70.40

Competitive Comparison

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 Days Inventory Distribution

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

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (197826.995	+	438615)	/	2 )	/	2244698.002	*	365
=	318220.9975					/	2244698.002	*	365
=	51.74

Altria Group's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (410841.311	+	438615)	/	2 )	/	550525.001	*	365 / 4
=	424728.1555					/	550525.001	*	365 / 4
=	70.40

Altria Group (BUE: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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	550525.001	/	424728.1555
	=	1.30

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	424728.1555	/	1813664.002
	=	0.23

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 Group (BUE:MO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Altria Group Inc (BUE:MO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MO:USA MO:Mexico 1MO:Italy PHM7d:UK 0R31:UK PHM7:Germany MO:Chile MOOO34:Brazil ALTR:Austria

Address

6601 West Broad Street, Richmond, VA, USA, 23230

Website

https://www.altria.com

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.