Analysis of Geographic Areas
Motorola Solutions Inc. operates in 4 regions: United States; United Kingdom; Canada; and Other, net of eliminations.
Area Asset Turnover
Motorola Solutions Inc., asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 0.64 | 0.65 | 0.56 | 0.68 | 0.74 |
| United Kingdom | 0.38 | 0.34 | 0.53 | 0.30 | 0.28 |
| Canada | 1.03 | 0.93 | 0.34 | 0.25 | 0.26 |
| Other, net of eliminations | 3.11 | 2.24 | 7.63 | 4.22 | 4.88 |
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. |
| United Kingdom | United Kingdom area asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. | |
| Canada | Canada area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Other, net of eliminations | Other, net of eliminations area asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Area Asset Turnover: United States
Motorola Solutions Inc.; 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) | |||||
| Net sales | 6,559) | 6,008) | 5,236) | 4,770) | 5,006) |
| Assets | 10,207) | 9,227) | 9,420) | 7,009) | 6,749) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.64 | 0.65 | 0.56 | 0.68 | 0.74 |
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 = Net sales ÷ Assets
= 6,559 ÷ 10,207 = 0.64
| 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. |
Area Asset Turnover: United Kingdom
Motorola Solutions Inc.; United Kingdom; 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) | |||||
| Net sales | 769) | 789) | 849) | 740) | 692) |
| Assets | 2,034) | 2,321) | 1,588) | 2,460) | 2,460) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.38 | 0.34 | 0.53 | 0.30 | 0.28 |
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 = Net sales ÷ Assets
= 769 ÷ 2,034 = 0.38
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United Kingdom | United Kingdom area asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Area Asset Turnover: Canada
Motorola Solutions Inc.; Canada; 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) | |||||
| Net sales | 373) | 366) | 324) | 254) | 270) |
| Assets | 362) | 394) | 950) | 1,016) | 1,040) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.03 | 0.93 | 0.34 | 0.25 | 0.26 |
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 = Net sales ÷ Assets
= 373 ÷ 362 = 1.03
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Canada | Canada area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Other, net of eliminations
Motorola Solutions Inc.; Other, net of eliminations; 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) | |||||
| Net sales | 2,277) | 1,949) | 1,762) | 1,650) | 1,919) |
| Assets | 733) | 872) | 231) | 391) | 393) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 3.11 | 2.24 | 7.63 | 4.22 | 4.88 |
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 = Net sales ÷ Assets
= 2,277 ÷ 733 = 3.11
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other, net of eliminations | Other, net of eliminations area asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Net sales
Motorola Solutions Inc., net sales by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 6,559) | 6,008) | 5,236) | 4,770) | 5,006) |
| United Kingdom | 769) | 789) | 849) | 740) | 692) |
| Canada | 373) | 366) | 324) | 254) | 270) |
| Other, net of eliminations | 2,277) | 1,949) | 1,762) | 1,650) | 1,919) |
| Total | 9,978) | 9,112) | 8,171) | 7,414) | 7,887) |
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).
Assets
Motorola Solutions Inc., assets by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 10,207) | 9,227) | 9,420) | 7,009) | 6,749) |
| United Kingdom | 2,034) | 2,321) | 1,588) | 2,460) | 2,460) |
| Canada | 362) | 394) | 950) | 1,016) | 1,040) |
| Other, net of eliminations | 733) | 872) | 231) | 391) | 393) |
| Total | 13,336) | 12,814) | 12,189) | 10,876) | 10,642) |
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).