Philip Asset Turnover vs Quick Ratio Analysis

PM Stock  USD 92.23  1.85  2.05%   
Philip Morris financial indicator trend analysis is much more than just breaking down Philip Morris Intern prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Philip Morris Intern is a good investment. Please check the relationship between Philip Morris Asset Turnover and its Quick Ratio accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Philip Morris International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

Asset Turnover vs Quick Ratio

Asset Turnover vs Quick Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Philip Morris Intern Asset Turnover account and Quick Ratio. At this time, the significance of the direction appears to have pay attention.
The correlation between Philip Morris' Asset Turnover and Quick Ratio is -0.77. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Quick Ratio in the same time period over historical financial statements of Philip Morris International, assuming nothing else is changed. The correlation between historical values of Philip Morris' Asset Turnover and Quick Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Philip Morris International are associated (or correlated) with its Quick Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Quick Ratio has no effect on the direction of Asset Turnover i.e., Philip Morris' Asset Turnover and Quick Ratio go up and down completely randomly.

Correlation Coefficient

-0.77
Relationship DirectionNegative 
Relationship StrengthWeak

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Quick Ratio

A measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities.
Most indicators from Philip Morris' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Philip Morris Intern current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Philip Morris International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
As of the 28th of March 2024, Selling General Administrative is likely to drop to about 7.7 B. In addition to that, Tax Provision is likely to drop to about 2.1 B
 2021 2022 2023 2024 (projected)
Gross Profit5.3B20.4B22.3B18.6B
Total Revenue8.1B31.8B35.2B23.9B

Philip Morris fundamental ratios Correlations

-0.530.750.810.120.980.70.120.85-0.590.880.820.25-0.620.930.720.730.930.770.97-0.760.770.790.870.870.64
-0.53-0.7-0.69-0.37-0.41-0.3-0.37-0.240.92-0.81-0.78-0.180.96-0.78-0.29-0.75-0.76-0.8-0.570.84-0.91-0.44-0.63-0.31-0.16
0.75-0.70.760.290.660.410.290.56-0.770.770.890.16-0.810.810.470.80.790.780.72-0.850.780.520.790.650.44
0.81-0.690.76-0.020.780.8-0.020.71-0.850.780.84-0.06-0.780.810.790.610.820.660.79-0.80.750.810.80.650.81
0.12-0.370.29-0.02-0.080.051.0-0.33-0.270.320.10.63-0.240.24-0.120.70.210.330.06-0.240.290.20.04-0.06-0.31
0.98-0.410.660.78-0.080.7-0.080.91-0.490.810.760.14-0.520.870.750.570.870.670.95-0.670.680.760.830.880.7
0.7-0.30.410.80.050.70.050.55-0.520.550.49-0.02-0.340.560.90.450.570.380.63-0.470.40.940.520.480.88
0.12-0.370.29-0.021.0-0.080.05-0.33-0.270.320.10.63-0.240.24-0.120.70.210.330.06-0.240.290.20.04-0.06-0.31
0.85-0.240.560.71-0.330.910.55-0.33-0.370.610.640.02-0.40.70.660.330.720.460.83-0.540.50.580.740.90.71
-0.590.92-0.77-0.85-0.27-0.49-0.52-0.27-0.37-0.74-0.83-0.140.95-0.75-0.53-0.72-0.73-0.78-0.620.91-0.87-0.63-0.7-0.4-0.44
0.88-0.810.770.780.320.810.550.320.61-0.740.830.26-0.80.980.510.830.990.830.86-0.810.910.670.810.650.4
0.82-0.780.890.840.10.760.490.10.64-0.830.830.09-0.890.890.530.760.860.880.85-0.920.880.590.870.690.5
0.25-0.180.16-0.060.630.14-0.020.630.02-0.140.260.09-0.160.270.00.510.210.440.27-0.270.310.240.230.2-0.29
-0.620.96-0.81-0.78-0.24-0.52-0.34-0.24-0.40.95-0.8-0.89-0.16-0.82-0.4-0.74-0.79-0.87-0.670.94-0.94-0.49-0.76-0.45-0.28
0.93-0.780.810.810.240.870.560.240.7-0.750.980.890.27-0.820.570.820.990.890.93-0.870.930.70.870.750.45
0.72-0.290.470.79-0.120.750.9-0.120.66-0.530.510.530.0-0.40.570.360.570.460.7-0.580.480.920.640.570.86
0.73-0.750.80.610.70.570.450.70.33-0.720.830.760.51-0.740.820.360.790.830.7-0.790.80.620.70.510.2
0.93-0.760.790.820.210.870.570.210.72-0.730.990.860.21-0.790.990.570.790.810.91-0.810.90.680.850.750.48
0.77-0.80.780.660.330.670.380.330.46-0.780.830.880.44-0.870.890.460.830.810.82-0.940.940.60.830.560.23
0.97-0.570.720.790.060.950.630.060.83-0.620.860.850.27-0.670.930.70.70.910.82-0.810.830.760.890.890.57
-0.760.84-0.85-0.8-0.24-0.67-0.47-0.24-0.540.91-0.81-0.92-0.270.94-0.87-0.58-0.79-0.81-0.94-0.81-0.94-0.65-0.85-0.61-0.4
0.77-0.910.780.750.290.680.40.290.5-0.870.910.880.31-0.940.930.480.80.90.940.83-0.940.60.830.590.27
0.79-0.440.520.810.20.760.940.20.58-0.630.670.590.24-0.490.70.920.620.680.60.76-0.650.60.690.580.75
0.87-0.630.790.80.040.830.520.040.74-0.70.810.870.23-0.760.870.640.70.850.830.89-0.850.830.690.740.51
0.87-0.310.650.65-0.060.880.48-0.060.9-0.40.650.690.2-0.450.750.570.510.750.560.89-0.610.590.580.740.56
0.64-0.160.440.81-0.310.70.88-0.310.71-0.440.40.5-0.29-0.280.450.860.20.480.230.57-0.40.270.750.510.56
Click cells to compare fundamentals

Philip Morris Account Relationship Matchups

Philip Morris fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets42.9B44.8B41.3B61.7B65.3B41.7B
Total Stockholder Equity(11.6B)(12.6B)(10.1B)(9.0B)(11.2B)(10.7B)
Property Plant And Equipment Net6.6B6.4B6.2B6.7B7.5B6.8B
Net Debt24.2B24.3B23.3B39.9B44.8B47.1B
Cash6.9B7.3B4.5B3.2B3.1B3.8B
Non Current Assets Total22.4B23.3B23.6B42.1B45.5B23.6B
Non Currrent Assets Other2.0B2.8B2.5B3.9B5.6B5.9B
Cash And Short Term Investments6.9B7.3B4.5B3.2B3.1B3.8B
Good Will5.9B6.0B6.7B19.7B16.8B9.4B
Common Stock Shares Outstanding1.6B1.6B1.6B1.6B1.6B1.4B
Liabilities And Stockholders Equity42.9B44.8B41.3B61.7B65.3B41.7B
Non Current Liabilities Total33.6B35.8B30.2B40.7B48.4B27.3B
Inventory9.2B9.6B8.7B9.9B10.8B9.5B
Other Current Assets13.7B14.2B13.2B16.4B1.5B1.5B
Other Stockholder Equity(33.2B)(33.0B)(33.6B)(33.7B)(33.5B)(35.2B)
Total Liab52.5B55.4B49.5B68.0B74.8B43.6B
Property Plant And Equipment Gross6.6B6.4B14.7B15.4B17.1B17.9B
Total Current Assets20.5B21.5B17.7B19.6B19.8B18.1B
Accumulated Other Comprehensive Income(10.1B)(9.4B)(11.2B)(9.6B)(11.8B)(11.2B)
Short Long Term Debt Total31.0B31.5B27.8B43.1B47.9B26.7B
Other Current Liab14.4B16.2B16.2B15.0B15.6B11.2B
Total Current Liabilities18.8B19.6B19.3B27.3B26.4B17.2B
Current Deferred Revenue(2.1B)(2.3B)(2.8B)(3.3B)(3.0B)(2.8B)
Retained Earnings31.0B31.6B33.1B34.3B34.1B27.2B
Accounts Payable2.3B2.8B3.3B4.1B4.1B4.4B
Net Receivables3.7B3.8B3.9B4.8B4.4B3.8B
Short Term Debt4.4B3.4B3.0B8.2B6.7B3.6B
Intangible Assets2.1B2.0B2.8B6.7B9.9B10.4B
Other Liab6.4B7.7B5.5B5.3B6.1B4.3B
Other Assets2.4B4.2B21.1B17.3B19.9B20.9B
Long Term Debt26.7B28.2B24.8B34.9B41.2B24.1B
Property Plant Equipment6.6B6.4B6.2B15.4B17.8B18.6B
Treasury Stock(35.2B)(35.1B)(35.8B)(35.9B)(32.3B)(33.9B)
Net Tangible Assets(19.5B)(20.6B)(10.1B)(9.0B)(8.1B)(8.5B)
Noncontrolling Interest In Consolidated Entity2.0B1.9B1.9B2.6B3.0B1.6B
Retained Earnings Total Equity31.0B31.6B33.1B34.3B39.4B30.5B
Long Term Debt Total26.7B28.2B24.8B34.9B40.1B26.3B
Capital Surpluse2.0B2.1B2.2B2.2B2.6B1.8B

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Philip Morris Intern using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
When determining whether Philip Morris Intern is a strong investment it is important to analyze Philip Morris' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Philip Morris' future performance. For an informed investment choice regarding Philip Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Philip Morris International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

Complementary Tools for Philip Stock analysis

When running Philip Morris' price analysis, check to measure Philip Morris' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Philip Morris is operating at the current time. Most of Philip Morris' value examination focuses on studying past and present price action to predict the probability of Philip Morris' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Philip Morris' price. Additionally, you may evaluate how the addition of Philip Morris to your portfolios can decrease your overall portfolio volatility.
Bonds Directory
Find actively traded corporate debentures issued by US companies
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Watchlist Optimization
Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
Is Philip Morris' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Philip Morris. If investors know Philip will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Philip Morris listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.09)
Dividend Share
5.14
Earnings Share
5.02
Revenue Per Share
22.664
Quarterly Revenue Growth
0.11
The market value of Philip Morris Intern is measured differently than its book value, which is the value of Philip that is recorded on the company's balance sheet. Investors also form their own opinion of Philip Morris' value that differs from its market value or its book value, called intrinsic value, which is Philip Morris' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Philip Morris' market value can be influenced by many factors that don't directly affect Philip Morris' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Philip Morris' value and its price as these two are different measures arrived at by different means. Investors typically determine if Philip Morris is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Philip Morris' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.