Analysis of Geographic Areas
United Parcel Service Inc. operates in 2 regions: United States and International.
Area Asset Turnover
United Parcel Service Inc., asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 2.15 | 2.44 | 2.51 | 2.35 | 2.10 |
| International | 1.40 | 1.71 | 2.06 | 1.77 | 1.61 |
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 deteriorated from 2021 to 2022 and from 2022 to 2023. |
| International | International area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: United States
United Parcel Service 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) | |||||
| Revenue | 71,749) | 78,110) | 74,376) | 66,580) | 58,699) |
| Long-lived assets | 33,301) | 32,002) | 29,609) | 28,354) | 27,976) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 2.15 | 2.44 | 2.51 | 2.35 | 2.10 |
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 ÷ Long-lived assets
= 71,749 ÷ 33,301 = 2.15
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: International
United Parcel Service Inc.; International; 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 | 19,209) | 22,228) | 22,911) | 18,048) | 15,395) |
| Long-lived assets | 13,687) | 12,991) | 11,098) | 10,213) | 9,567) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.40 | 1.71 | 2.06 | 1.77 | 1.61 |
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 ÷ Long-lived assets
= 19,209 ÷ 13,687 = 1.40
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | International | International area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Revenue
United Parcel Service Inc., revenue by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 71,749) | 78,110) | 74,376) | 66,580) | 58,699) |
| International | 19,209) | 22,228) | 22,911) | 18,048) | 15,395) |
| Consolidated | 90,958) | 100,338) | 97,287) | 84,628) | 74,094) |
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).
Long-lived assets
United Parcel Service Inc., long-lived assets by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 33,301) | 32,002) | 29,609) | 28,354) | 27,976) |
| International | 13,687) | 12,991) | 11,098) | 10,213) | 9,567) |
| Consolidated | 46,988) | 44,993) | 40,707) | 38,567) | 37,543) |
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).