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, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| United States | 4.65 | 5.09 | 5.38 | 5.21 | 5.14 |
| Europe | 16.44 | 14.51 | 12.74 | 12.01 | 10.12 |
| Other International | 8.19 | 7.72 | 7.48 | 6.72 | 5.91 |
Based on: 10-K (reporting date: 2024-12-31), 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).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Europe | Europe area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| Other International | Other International area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Area Asset Turnover: United States
Honeywell International Inc.; United States; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 21,819) | 20,907) | 21,262) | 20,662) | 19,665) |
| Long-lived assets | 4,694) | 4,107) | 3,949) | 3,964) | 3,823) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 4.65 | 5.09 | 5.38 | 5.21 | 5.14 |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Area asset turnover = Net sales ÷ Long-lived assets
= 21,819 ÷ 4,694 = 4.65
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Area Asset Turnover: Europe
Honeywell International Inc.; Europe; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 8,760) | 8,052) | 6,840) | 6,800) | 6,356) |
| Long-lived assets | 533) | 555) | 537) | 566) | 628) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 16.44 | 14.51 | 12.74 | 12.01 | 10.12 |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Area asset turnover = Net sales ÷ Long-lived assets
= 8,760 ÷ 533 = 16.44
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Europe | Europe area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Area Asset Turnover: Other International
Honeywell International Inc.; Other International; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 7,919) | 7,703) | 7,364) | 6,930) | 6,616) |
| Long-lived assets | 967) | 998) | 985) | 1,032) | 1,119) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 8.19 | 7.72 | 7.48 | 6.72 | 5.91 |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Area asset turnover = Net sales ÷ Long-lived assets
= 7,919 ÷ 967 = 8.19
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other International | Other International area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Net sales
Honeywell International Inc., net sales by geographic area
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| United States | 21,819) | 20,907) | 21,262) | 20,662) | 19,665) |
| Europe | 8,760) | 8,052) | 6,840) | 6,800) | 6,356) |
| Other International | 7,919) | 7,703) | 7,364) | 6,930) | 6,616) |
| Total | 38,498) | 36,662) | 35,466) | 34,392) | 32,637) |
Based on: 10-K (reporting date: 2024-12-31), 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).
Long-lived assets
Honeywell International Inc., long-lived assets by geographic area
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| United States | 4,694) | 4,107) | 3,949) | 3,964) | 3,823) |
| Europe | 533) | 555) | 537) | 566) | 628) |
| Other International | 967) | 998) | 985) | 1,032) | 1,119) |
| Total | 6,194) | 5,660) | 5,471) | 5,562) | 5,570) |
Based on: 10-K (reporting date: 2024-12-31), 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).