Philip Morris International (MEX:PM) Inventory Turnover: 0.28 (As of Mar. 2026)

What is Philip Morris International Inventory Turnover?

Philip Morris International MEX:PM 71 Inventory Turnover is 0.28 as of Mar. 2026. GuruFocus rates MEX:PM with a GF Score™ of 71/100 and a GF Value™ of MXN2,470.30 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Philip Morris International's Cost of Goods Sold for the three months ended in Mar. 2026 was MXN58,444 Mil. Philip Morris International's Average Total Inventories for the quarter that ended in Mar. 2026 was MXN206,049 Mil. Philip Morris International's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Philip Morris International's Days Inventory for the three months ended in Mar. 2026 was 321.71.

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. Philip Morris International's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 1.13.

Philip Morris International (MEX:PM) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Philip Morris International's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	206048.972	/	58443.98	*	365 / 4
	=	321.71

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.

Philip Morris International's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	206048.972	/	182959.774
	=	1.13

* 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

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Philip Morris International Inventory Turnover Related Terms

Philip Morris International Inventory Turnover Historical Data

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The historical data trend for Philip Morris International's Inventory Turnover can be seen below:

Philip Morris International Inventory Turnover Chart

Philip Morris International Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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1.11

1.20

1.17

1.46

1.19

Philip Morris International Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															0.31	0.30	0.33	0.32	0.28

71GF Score

Philip Morris International Inc MEX:PM

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Philip Morris International Inventory Turnover Calculation

Philip Morris International's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

	Inventory Turnover (A: Dec. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2025 )	/ (	(Total Inventories (A: Dec. 2024 )	+	Total Inventories (A: Dec. 2025 ))	/	count )
=	240664.186	/ (	(197148.932	+	206669.425)	/	2 )
=	240664.186	/	201909.1785
=	1.19

Philip Morris International's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	58443.98	/ (	(206669.425	+	205428.519)	/	2 )
=	58443.98	/	206048.972
=	0.28

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.28 mean?

Philip Morris International (MEX:PM) has a Inventory Turnover of 0.28 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Philip Morris International and its competitors.

Is Philip Morris International's Inventory Turnover too high?

Philip Morris International's current Inventory Turnover is 0.28. Overall, Philip Morris International has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Philip Morris International's Inventory Turnover compare to MO and TPB?

Philip Morris International's Inventory Turnover of 0.28 can be compared against companies in the Tobacco Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Tobacco Products company?

A good Inventory Turnover depends on the Tobacco Products industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Philip Morris International and its competitors. Philip Morris International's current Inventory Turnover is 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Philip Morris International stock overvalued right now?

Based on GuruFocus' analysis, Philip Morris International (MEX:PM) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN2,470.30, compared to a current price of MXN3,123.00 — trading 26.4% above its estimated fair value. The current Inventory Turnover is 0.28. Philip Morris International's overall GF Score™ is 71/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Philip Morris International (MEX:PM), the current Inventory Turnover is 0.28 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Philip Morris International (MEX:PM) Overvalued in 2026?

Based on GuruFocus' analysis, Philip Morris International stock appears to be overvalued. The current stock price of MXN3,123.00 is trading 26.4% above its estimated GF Value™ of MXN2,470.30. GuruFocus considers Philip Morris International to be Modestly Overvalued.

Key valuation signals for MEX:PM:

Inventory Turnover: 0.28
GF Value™: MXN2,470.30 vs. price of MXN3,123.00 (26.4% above fair value)
GF Score™: 71/100 with 6 warning signs

No single metric tells the full story. See the MEX:PM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Philip Morris International Business Description

Industry Consumer Defensive Tobacco Products

Comparable Companies MO TPB UVV AIIR ISPR PYYX RYM CHUC HCMC VPRB LSE:BATS TSE:2914 NSE:ITC LSE:IMB XZIM:BAT.ZW XKRX:033780 HKSE:06969 ISX:HMSP BOM:500163 XPRA:TABAK

Other Exchanges PM:USA 1PM:Italy 0M8V:UK 4I1:Germany PMI:Switzerland ZYNS:Canada PHMO34:Brazil PMOR:Austria

Address 677 Washington Boulevard, Suite 1100, Stamford, CT, USA, 06901

Website https://www.pmi.com

Created from the international operations of Altria in 2008, Philip Morris International sells cigarettes and reduced-risk products, including heat sticks, vapes, and oral nicotine offerings, primarily outside of the US. With the 2023 acquisition of Swedish Match, a leading manufacturer of traditional oral tobacco products and nicotine pouches primarily in the US and Scandinavia, PMI is not only dominant in smokable products but also has the Iqos and Zyn brands, which respectively dominate heated tobacco and nicotine pouches in most markets. It also owns the Veev brand in vapes.

71GF Score

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MXN3,123.00

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