Analysis of Geographic Areas
Caterpillar Inc. operates in 2 regions: Inside United States and Outside United States.
Area Asset Turnover
Caterpillar Inc., asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Inside United States | 4.05 | 3.46 | 2.74 | 2.25 | 3.01 |
| Outside United States | 7.17 | 7.03 | 6.27 | 4.94 | 5.81 |
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 | Inside United States | Inside United States area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Outside United States | Outside United States area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Inside United States
Caterpillar Inc.; Inside 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) | |||||
| External sales and revenues | 31,053) | 24,368) | 19,298) | 16,269) | 22,806) |
| Property, plant and equipment, net | 7,658) | 7,042) | 7,035) | 7,242) | 7,568) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 4.05 | 3.46 | 2.74 | 2.25 | 3.01 |
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 = External sales and revenues ÷ Property, plant and equipment, net
= 31,053 ÷ 7,658 = 4.05
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Inside United States | Inside United States area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Outside United States
Caterpillar Inc.; Outside 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) | |||||
| External sales and revenues | 36,007) | 35,059) | 31,673) | 25,479) | 30,994) |
| Property, plant and equipment, net | 5,022) | 4,986) | 5,055) | 5,159) | 5,336) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 7.17 | 7.03 | 6.27 | 4.94 | 5.81 |
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 = External sales and revenues ÷ Property, plant and equipment, net
= 36,007 ÷ 5,022 = 7.17
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Outside United States | Outside United States area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
External sales and revenues
Caterpillar Inc., external sales and revenues by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Inside United States | 31,053) | 24,368) | 19,298) | 16,269) | 22,806) |
| Outside United States | 36,007) | 35,059) | 31,673) | 25,479) | 30,994) |
| Total | 67,060) | 59,427) | 50,971) | 41,748) | 53,800) |
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, net
Caterpillar Inc., property, plant and equipment, net by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Inside United States | 7,658) | 7,042) | 7,035) | 7,242) | 7,568) |
| Outside United States | 5,022) | 4,986) | 5,055) | 5,159) | 5,336) |
| Total | 12,680) | 12,028) | 12,090) | 12,401) | 12,904) |
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).