Analysis of Geographic Areas
Honeywell International Inc. operates in 3 regions: United States; Europe; and Other International.
Area Asset Turnover
Honeywell International Inc., asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 5.09 | 5.38 | 5.21 | 5.14 | 6.00 |
| Europe | 14.51 | 12.74 | 12.01 | 10.12 | 12.82 |
| Other International | 7.72 | 7.48 | 6.72 | 5.91 | 6.72 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
| Europe | Europe area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Other International | Other International area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: United States
Honeywell International Inc.; United States; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 20,907) | 21,262) | 20,662) | 19,665) | 21,910) |
| Long-lived assets | 4,107) | 3,949) | 3,964) | 3,823) | 3,649) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 5.09 | 5.38 | 5.21 | 5.14 | 6.00 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Area asset turnover = Net sales ÷ Long-lived assets
= 20,907 ÷ 4,107 = 5.09
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Area Asset Turnover: Europe
Honeywell International Inc.; Europe; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 8,052) | 6,840) | 6,800) | 6,356) | 7,424) |
| Long-lived assets | 555) | 537) | 566) | 628) | 579) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 14.51 | 12.74 | 12.01 | 10.12 | 12.82 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Area asset turnover = Net sales ÷ Long-lived assets
= 8,052 ÷ 555 = 14.51
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Europe | Europe area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Other International
Honeywell International Inc.; Other International; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 7,703) | 7,364) | 6,930) | 6,616) | 7,375) |
| Long-lived assets | 998) | 985) | 1,032) | 1,119) | 1,097) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 7.72 | 7.48 | 6.72 | 5.91 | 6.72 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Area asset turnover = Net sales ÷ Long-lived assets
= 7,703 ÷ 998 = 7.72
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other International | Other International area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Net sales
Honeywell International Inc., net sales by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 20,907) | 21,262) | 20,662) | 19,665) | 21,910) |
| Europe | 8,052) | 6,840) | 6,800) | 6,356) | 7,424) |
| Other International | 7,703) | 7,364) | 6,930) | 6,616) | 7,375) |
| Total | 36,662) | 35,466) | 34,392) | 32,637) | 36,709) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Long-lived assets
Honeywell International Inc., long-lived assets by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 4,107) | 3,949) | 3,964) | 3,823) | 3,649) |
| Europe | 555) | 537) | 566) | 628) | 579) |
| Other International | 998) | 985) | 1,032) | 1,119) | 1,097) |
| Total | 5,660) | 5,471) | 5,562) | 5,570) | 5,325) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).