Analysis of Geographic Areas
Kellanova operates in 4 regions: United States; Nigeria; Poland; and All other countries.
Area Asset Turnover
Kellanova, asset turnover by geographic area
| Dec 30, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| United States | 3.40 | 3.24 | 2.95 | 3.82 | 3.95 |
| Nigeria | 13.25 | 8.64 | 6.22 | — | — |
| Poland | 0.11 | 0.07 | 0.05 | — | — |
| All other countries | 3.67 | 3.87 | 3.58 | 3.57 | 3.52 |
Based on: 10-K (reporting date: 2023-12-30), 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: 2019-12-28).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Nigeria | Nigeria area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Poland | Poland area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| All other countries | All other countries area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Area Asset Turnover: United States
Kellanova; United States; area asset turnover calculation
| Dec 30, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales from continuing operations | 6,279) | 6,061) | 5,512) | 7,821) | 7,885) |
| Long-lived assets from continuing operations | 1,847) | 1,872) | 1,867) | 2,048) | 1,996) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 3.40 | 3.24 | 2.95 | 3.82 | 3.95 |
Based on: 10-K (reporting date: 2023-12-30), 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: 2019-12-28).
1 2023 Calculation
Area asset turnover = Net sales from continuing operations ÷ Long-lived assets from continuing operations
= 6,279 ÷ 1,847 = 3.40
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Nigeria
Kellanova; Nigeria; area asset turnover calculation
| Dec 30, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales from continuing operations | 1,113) | 1,322) | 1,039) | —) | —) |
| Long-lived assets from continuing operations | 84) | 153) | 167) | —) | —) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 13.25 | 8.64 | 6.22 | — | — |
Based on: 10-K (reporting date: 2023-12-30), 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: 2019-12-28).
1 2023 Calculation
Area asset turnover = Net sales from continuing operations ÷ Long-lived assets from continuing operations
= 1,113 ÷ 84 = 13.25
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Nigeria | Nigeria area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Poland
Kellanova; Poland; area asset turnover calculation
| Dec 30, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales from continuing operations | 41) | 23) | 15) | —) | —) |
| Long-lived assets from continuing operations | 390) | 320) | 316) | —) | —) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.11 | 0.07 | 0.05 | — | — |
Based on: 10-K (reporting date: 2023-12-30), 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: 2019-12-28).
1 2023 Calculation
Area asset turnover = Net sales from continuing operations ÷ Long-lived assets from continuing operations
= 41 ÷ 390 = 0.11
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Poland | Poland area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: All other countries
Kellanova; All other countries; area asset turnover calculation
| Dec 30, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales from continuing operations | 5,689) | 5,247) | 5,181) | 5,949) | 5,693) |
| Long-lived assets from continuing operations | 1,552) | 1,355) | 1,447) | 1,665) | 1,616) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 3.67 | 3.87 | 3.58 | 3.57 | 3.52 |
Based on: 10-K (reporting date: 2023-12-30), 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: 2019-12-28).
1 2023 Calculation
Area asset turnover = Net sales from continuing operations ÷ Long-lived assets from continuing operations
= 5,689 ÷ 1,552 = 3.67
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | All other countries | All other countries area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Net sales from continuing operations
Kellanova, net sales from continuing operations by geographic area
US$ in millions
| Dec 30, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| United States | 6,279) | 6,061) | 5,512) | 7,821) | 7,885) |
| Nigeria | 1,113) | 1,322) | 1,039) | —) | —) |
| Poland | 41) | 23) | 15) | —) | —) |
| All other countries | 5,689) | 5,247) | 5,181) | 5,949) | 5,693) |
| Consolidated | 13,122) | 12,653) | 11,747) | 13,770) | 13,578) |
Based on: 10-K (reporting date: 2023-12-30), 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: 2019-12-28).
Long-lived assets from continuing operations
Kellanova, long-lived assets from continuing operations by geographic area
US$ in millions
| Dec 30, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| United States | 1,847) | 1,872) | 1,867) | 2,048) | 1,996) |
| Nigeria | 84) | 153) | 167) | —) | —) |
| Poland | 390) | 320) | 316) | —) | —) |
| All other countries | 1,552) | 1,355) | 1,447) | 1,665) | 1,616) |
| Consolidated | 3,873) | 3,700) | 3,797) | 3,713) | 3,612) |
Based on: 10-K (reporting date: 2023-12-30), 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: 2019-12-28).