Analysis of Geographic Areas
International Business Machines Corp. operates in 2 regions: United States and Other countries.
Area Asset Turnover
International Business Machines Corp., asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 7.30 | 7.82 | 6.78 | 6.12 | 6.33 |
| Other countries | 18.03 | 16.87 | 15.03 | 8.43 | 9.21 |
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 | United States | United States area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| Other countries | Other countries area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: United States
International Business Machines Corp.; 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) | |||||
| Revenue | 25,309) | 25,098) | 22,893) | 26,978) | 28,395) |
| Plant and other property, net | 3,466) | 3,209) | 3,375) | 4,410) | 4,485) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 7.30 | 7.82 | 6.78 | 6.12 | 6.33 |
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 = Revenue ÷ Plant and other property, net
= 25,309 ÷ 3,466 = 7.30
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Area Asset Turnover: Other countries
International Business Machines Corp.; Other countries; 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) | |||||
| Revenue | 36,551) | 35,432) | 34,457) | 46,642) | 48,752) |
| Plant and other property, net | 2,027) | 2,100) | 2,293) | 5,533) | 5,293) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 18.03 | 16.87 | 15.03 | 8.43 | 9.21 |
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 = Revenue ÷ Plant and other property, net
= 36,551 ÷ 2,027 = 18.03
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other countries | Other countries area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Revenue
International Business Machines Corp., revenue by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 25,309) | 25,098) | 22,893) | 26,978) | 28,395) |
| Other countries | 36,551) | 35,432) | 34,457) | 46,642) | 48,752) |
| Total | 61,860) | 60,530) | 57,350) | 73,620) | 77,147) |
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).
Plant and other property, net
International Business Machines Corp., plant and other property, net by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 3,466) | 3,209) | 3,375) | 4,410) | 4,485) |
| Other countries | 2,027) | 2,100) | 2,293) | 5,533) | 5,293) |
| Total | 5,493) | 5,309) | 5,668) | 9,943) | 9,778) |
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).