Analysis of Geographic Areas
Moderna Inc. operates in 3 regions: United States; Europe; and Rest of world.
Area Asset Turnover
Moderna Inc., asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 1.21 | 4.06 | 5.88 | 2.57 | 0.27 |
| Europe | 10.75 | 9.54 | 37.82 | — | — |
| Rest of world | 13.89 | 197.24 | 544.80 | — | — |
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 deteriorated from 2021 to 2022 and from 2022 to 2023. |
| Europe | Europe area asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. | |
| Rest of world | Rest of world area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: United States
Moderna 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) | |||||
| Revenue | 1,895) | 5,150) | 6,177) | 764) | 55) |
| Property, plant and equipment, including financing right-of-use assets | 1,560) | 1,267) | 1,050) | 297) | 201) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.21 | 4.06 | 5.88 | 2.57 | 0.27 |
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 = Revenue ÷ Property, plant and equipment, including financing right-of-use assets
= 1,895 ÷ 1,560 = 1.21
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Europe
Moderna 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) | |||||
| Revenue | 1,355) | 6,815) | 6,846) | 33) | 5) |
| Property, plant and equipment, including financing right-of-use assets | 126) | 714) | 181) | —) | —) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 10.75 | 9.54 | 37.82 | — | — |
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 = Revenue ÷ Property, plant and equipment, including financing right-of-use assets
= 1,355 ÷ 126 = 10.75
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Europe | Europe area asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Area Asset Turnover: Rest of world
Moderna Inc.; Rest of world; 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) | |||||
| Revenue | 3,598) | 7,298) | 5,448) | 6) | —) |
| Property, plant and equipment, including financing right-of-use assets | 259) | 37) | 10) | —) | —) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 13.89 | 197.24 | 544.80 | — | — |
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 = Revenue ÷ Property, plant and equipment, including financing right-of-use assets
= 3,598 ÷ 259 = 13.89
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Rest of world | Rest of world area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Revenue
Moderna Inc., revenue by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 1,895) | 5,150) | 6,177) | 764) | 55) |
| Europe | 1,355) | 6,815) | 6,846) | 33) | 5) |
| Rest of world | 3,598) | 7,298) | 5,448) | 6) | —) |
| Total | 6,848) | 19,263) | 18,471) | 803) | 60) |
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).
Property, plant and equipment, including financing right-of-use assets
Moderna Inc., property, plant and equipment, including financing right-of-use assets by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 1,560) | 1,267) | 1,050) | 297) | 201) |
| Europe | 126) | 714) | 181) | —) | —) |
| Rest of world | 259) | 37) | 10) | —) | —) |
| Total | 1,945) | 2,018) | 1,241) | 297) | 201) |
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).