Analysis of Geographic Areas
Carrier Global Corp. operates in 4 regions: United States Operations; Europe; Asia Pacific; and Other.
Area Asset Turnover
Carrier Global Corp., asset turnover by geographic area
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|
| United States Operations | 14.69 | 13.59 | 11.64 |
| Europe | 9.62 | 12.13 | 10.07 |
| Asia Pacific | 6.09 | 12.42 | 10.66 |
| Other | 1.88 | 2.95 | 2.63 |
Based on: 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 Operations | United States Operations area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Europe | Europe area asset turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. | |
| Asia Pacific | Asia Pacific area asset turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. | |
| Other | Other area asset turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Area Asset Turnover: United States Operations
Carrier Global Corp.; United States Operations; area asset turnover calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||
| External sales | 11,797) | 10,492) | 9,105) |
| Long-lived assets | 803) | 772) | 782) |
| Area Activity Ratio | |||
| Area asset turnover1 | 14.69 | 13.59 | 11.64 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2022 Calculation
Area asset turnover = External sales ÷ Long-lived assets
= 11,797 ÷ 803 = 14.69
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States Operations | United States Operations area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Area Asset Turnover: Europe
Carrier Global Corp.; Europe; area asset turnover calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||
| External sales | 4,359) | 5,776) | 4,935) |
| Long-lived assets | 453) | 476) | 490) |
| Area Activity Ratio | |||
| Area asset turnover1 | 9.62 | 12.13 | 10.07 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2022 Calculation
Area asset turnover = External sales ÷ Long-lived assets
= 4,359 ÷ 453 = 9.62
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Europe | Europe area asset turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Area Asset Turnover: Asia Pacific
Carrier Global Corp.; Asia Pacific; area asset turnover calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||
| External sales | 3,489) | 3,464) | 2,655) |
| Long-lived assets | 573) | 279) | 249) |
| Area Activity Ratio | |||
| Area asset turnover1 | 6.09 | 12.42 | 10.66 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2022 Calculation
Area asset turnover = External sales ÷ Long-lived assets
= 3,489 ÷ 573 = 6.09
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Asia Pacific | Asia Pacific area asset turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Area Asset Turnover: Other
Carrier Global Corp.; Other; area asset turnover calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||
| External sales | 776) | 881) | 761) |
| Long-lived assets | 412) | 299) | 289) |
| Area Activity Ratio | |||
| Area asset turnover1 | 1.88 | 2.95 | 2.63 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2022 Calculation
Area asset turnover = External sales ÷ Long-lived assets
= 776 ÷ 412 = 1.88
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other | Other area asset turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
External sales
Carrier Global Corp., external sales by geographic area
US$ in millions
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|
| United States Operations | 11,797) | 10,492) | 9,105) |
| Europe | 4,359) | 5,776) | 4,935) |
| Asia Pacific | 3,489) | 3,464) | 2,655) |
| International Operations | 7,848) | 9,240) | 7,590) |
| Other | 776) | 881) | 761) |
| Consolidated | 20,421) | 20,613) | 17,456) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Long-lived assets
Carrier Global Corp., long-lived assets by geographic area
US$ in millions
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|
| United States Operations | 803) | 772) | 782) |
| Europe | 453) | 476) | 490) |
| Asia Pacific | 573) | 279) | 249) |
| International Operations | 1,026) | 755) | 739) |
| Other | 412) | 299) | 289) |
| Consolidated | 2,241) | 1,826) | 1,810) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).