Analysis of Geographic Areas
Netflix Inc. operates in 2 regions: United States and International.
Area Asset Turnover
Netflix Inc., asset turnover by geographic area
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| United States | 5.81 | 5.06 | 4.74 | 4.27 | 4.85 |
| International | 24.72 | 23.62 | 21.15 | 18.78 | 18.36 |
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 improved from 2022 to 2023 and from 2023 to 2024. |
| International | International area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Area Asset Turnover: United States
Netflix 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 thousands) | |||||
| Revenues | 16,100,000) | 13,800,000) | 13,000,000) | 12,100,000) | 10,800,000) |
| Long-lived tangible assets | 2,769,828) | 2,724,710) | 2,745,071) | 2,833,059) | 2,224,891) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 5.81 | 5.06 | 4.74 | 4.27 | 4.85 |
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 = Revenues ÷ Long-lived tangible assets
= 16,100,000 ÷ 2,769,828 = 5.81
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Area Asset Turnover: International
Netflix Inc.; 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 thousands) | |||||
| Revenues | 22,900,966) | 19,923,297) | 18,615,550) | 17,597,844) | 14,196,056) |
| Long-lived tangible assets | 926,238) | 843,633) | 880,308) | 936,967) | 773,018) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 24.72 | 23.62 | 21.15 | 18.78 | 18.36 |
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 = Revenues ÷ Long-lived tangible assets
= 22,900,966 ÷ 926,238 = 24.72
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | International | International area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Revenues
Netflix Inc., revenues by geographic area
US$ in thousands
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| United States | 16,100,000) | 13,800,000) | 13,000,000) | 12,100,000) | 10,800,000) |
| International | 22,900,966) | 19,923,297) | 18,615,550) | 17,597,844) | 14,196,056) |
| Total | 39,000,966) | 33,723,297) | 31,615,550) | 29,697,844) | 24,996,056) |
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 tangible assets
Netflix Inc., long-lived tangible assets by geographic area
US$ in thousands
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| United States | 2,769,828) | 2,724,710) | 2,745,071) | 2,833,059) | 2,224,891) |
| International | 926,238) | 843,633) | 880,308) | 936,967) | 773,018) |
| Total | 3,696,066) | 3,568,343) | 3,625,379) | 3,770,026) | 2,997,909) |
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).