Analysis of Geographic Areas
Home Depot Inc. operates in 2 regions: In the U.S. and Outside the U.S..
Area Asset Turnover
Home Depot Inc., asset turnover by geographic area
| Feb 2, 2025 | Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | |
|---|---|---|---|---|---|---|
| In the U.S. | 6.08 | 6.00 | 6.28 | 6.12 | 5.50 | 4.99 |
| Outside the U.S. | 4.98 | 4.48 | 4.88 | 4.89 | 3.98 | 3.60 |
Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | In the U.S. | In the U.S. area asset turnover ratio deteriorated from 2023 to 2024 but then slightly improved from 2024 to 2025. |
| Outside the U.S. | Outside the U.S. area asset turnover ratio deteriorated from 2023 to 2024 but then improved from 2024 to 2025 exceeding 2023 level. |
Area Asset Turnover: In the U.S.
Home Depot Inc.; In the U.S.; area asset turnover calculation
| Feb 2, 2025 | Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 147,007) | 140,083) | 144,840) | 138,920) | 122,158) | 101,333) |
| Net property and equipment | 24,193) | 23,347) | 23,057) | 22,696) | 22,205) | 20,302) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 6.08 | 6.00 | 6.28 | 6.12 | 5.50 | 4.99 |
Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02).
1 2025 Calculation
Area asset turnover = Net sales ÷ Net property and equipment
= 147,007 ÷ 24,193 = 6.08
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | In the U.S. | In the U.S. area asset turnover ratio deteriorated from 2023 to 2024 but then slightly improved from 2024 to 2025. |
Area Asset Turnover: Outside the U.S.
Home Depot Inc.; Outside the U.S.; area asset turnover calculation
| Feb 2, 2025 | Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 12,507) | 12,586) | 12,563) | 12,237) | 9,952) | 8,892) |
| Net property and equipment | 2,509) | 2,807) | 2,574) | 2,503) | 2,500) | 2,468) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 4.98 | 4.48 | 4.88 | 4.89 | 3.98 | 3.60 |
Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02).
1 2025 Calculation
Area asset turnover = Net sales ÷ Net property and equipment
= 12,507 ÷ 2,509 = 4.98
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Outside the U.S. | Outside the U.S. area asset turnover ratio deteriorated from 2023 to 2024 but then improved from 2024 to 2025 exceeding 2023 level. |
Net property and equipment
Home Depot Inc., net property and equipment by geographic area
US$ in millions
| Feb 2, 2025 | Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | |
|---|---|---|---|---|---|---|
| In the U.S. | 24,193) | 23,347) | 23,057) | 22,696) | 22,205) | 20,302) |
| Outside the U.S. | 2,509) | 2,807) | 2,574) | 2,503) | 2,500) | 2,468) |
| Total | 26,702) | 26,154) | 25,631) | 25,199) | 24,705) | 22,770) |
Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02).
Net sales
Home Depot Inc., net sales by geographic area
US$ in millions
| Feb 2, 2025 | Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | |
|---|---|---|---|---|---|---|
| In the U.S. | 147,007) | 140,083) | 144,840) | 138,920) | 122,158) | 101,333) |
| Outside the U.S. | 12,507) | 12,586) | 12,563) | 12,237) | 9,952) | 8,892) |
| Total | 159,514) | 152,669) | 157,403) | 151,157) | 132,110) | 110,225) |
Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02).