Stock Analysis on Net

AT&T Inc. (NYSE:T)

Analysis of Geographic Areas

Microsoft Excel

AT&T Inc. operates in 6 regions: United States; Mexico; Asia/Pacific Rim; Europe; Latin America; and Other.


Area Asset Turnover

AT&T Inc., asset turnover by geographic area

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
United States 0.93 0.94 0.94 1.25 1.29
Mexico 1.44 1.06 0.86 0.88 0.81
Asia/Pacific Rim 5.63 5.26 4.77 10.99 11.44
Europe 3.17 3.04 2.91 5.50 4.68
Latin America 2.48 2.90 2.93 34.10 3.80
Other 3.22 5.95 5.74 23.51 18.70

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 but then deteriorated significantly from 2023 to 2024.
Mexico Mexico area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024.
Asia/Pacific Rim Asia/Pacific Rim area asset turnover ratio improved 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.
Latin America Latin America area asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
Other Other area asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Area Asset Turnover: United States

AT&T Inc.; United States; area asset turnover calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Revenues 116,882 117,097 116,006 151,631 155,899
Net property, plant & equipment 125,573 124,387 123,305 120,924 121,208
Area Activity Ratio
Area asset turnover1 0.93 0.94 0.94 1.25 1.29

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 ÷ Net property, plant & equipment
= 116,882 ÷ 125,573 = 0.93

Area activity ratio Geographic area The company
Area asset turnover United States United States area asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Area Asset Turnover: Mexico

AT&T Inc.; Mexico; area asset turnover calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Revenues 4,286 3,993 3,210 3,043 2,862
Net property, plant & equipment 2,981 3,750 3,718 3,462 3,530
Area Activity Ratio
Area asset turnover1 1.44 1.06 0.86 0.88 0.81

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 ÷ Net property, plant & equipment
= 4,286 ÷ 2,981 = 1.44

Area activity ratio Geographic area The company
Area asset turnover Mexico Mexico area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024.

Area Asset Turnover: Asia/Pacific Rim

AT&T Inc.; Asia/Pacific Rim; area asset turnover calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Revenues 462 521 592 2,637 2,322
Net property, plant & equipment 82 99 124 240 203
Area Activity Ratio
Area asset turnover1 5.63 5.26 4.77 10.99 11.44

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 ÷ Net property, plant & equipment
= 462 ÷ 82 = 5.63

Area activity ratio Geographic area The company
Area asset turnover Asia/Pacific Rim Asia/Pacific Rim area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024.

Area Asset Turnover: Europe

AT&T Inc.; Europe; area asset turnover calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Revenues 441 504 584 6,079 5,387
Net property, plant & equipment 139 166 201 1,106 1,152
Area Activity Ratio
Area asset turnover1 3.17 3.04 2.91 5.50 4.68

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 ÷ Net property, plant & equipment
= 441 ÷ 139 = 3.17

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: Latin America

AT&T Inc.; Latin America; area asset turnover calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Revenues 149 194 217 4,604 4,486
Net property, plant & equipment 60 67 74 135 1,179
Area Activity Ratio
Area asset turnover1 2.48 2.90 2.93 34.10 3.80

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 ÷ Net property, plant & equipment
= 149 ÷ 60 = 2.48

Area activity ratio Geographic area The company
Area asset turnover Latin America Latin America area asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Area Asset Turnover: Other

AT&T Inc.; Other; area asset turnover calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Revenues 116 119 132 870 804
Net property, plant & equipment 36 20 23 37 43
Area Activity Ratio
Area asset turnover1 3.22 5.95 5.74 23.51 18.70

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 ÷ Net property, plant & equipment
= 116 ÷ 36 = 3.22

Area activity ratio Geographic area The company
Area asset turnover Other Other area asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Revenues

AT&T Inc., revenues by geographic area

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
United States 116,882 117,097 116,006 151,631 155,899
Mexico 4,286 3,993 3,210 3,043 2,862
Asia/Pacific Rim 462 521 592 2,637 2,322
Europe 441 504 584 6,079 5,387
Latin America 149 194 217 4,604 4,486
Other 116 119 132 870 804
Total 122,336 122,428 120,741 168,864 171,760

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).


Net property, plant & equipment

AT&T Inc., net property, plant & equipment by geographic area

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
United States 125,573 124,387 123,305 120,924 121,208
Mexico 2,981 3,750 3,718 3,462 3,530
Asia/Pacific Rim 82 99 124 240 203
Europe 139 166 201 1,106 1,152
Latin America 60 67 74 135 1,179
Other 36 20 23 37 43
Total 128,871 128,489 127,445 125,904 127,315

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).