Analysis of Geographic Areas
United Rentals Inc. operates in 2 regions: Domestic and Foreign.
Area Asset Turnover
United Rentals Inc., asset turnover by geographic area
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Domestic | 0.76 | 0.79 | 0.82 | 0.81 | 0.72 |
| Foreign | 0.79 | 0.70 | 0.80 | 0.86 | 0.80 |
Based on: 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), 10-K (reporting date: 2018-12-31).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Domestic | Domestic area asset turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
| Foreign | Foreign area asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level. |
Area Asset Turnover: Domestic
United Rentals Inc.; Domestic; area asset turnover calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Equipment rentals revenue | 9,139) | 7,430) | 6,543) | 7,283) | 6,388) |
| Rental equipment, net | 12,047) | 9,448) | 7,960) | 8,995) | 8,910) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.76 | 0.79 | 0.82 | 0.81 | 0.72 |
Based on: 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), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Area asset turnover = Equipment rentals revenue ÷ Rental equipment, net
= 9,139 ÷ 12,047 = 0.76
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Domestic | Domestic area asset turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
Area Asset Turnover: Foreign
United Rentals Inc.; Foreign; area asset turnover calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Equipment rentals revenue | 977) | 777) | 597) | 681) | 552) |
| Rental equipment, net | 1,230) | 1,112) | 745) | 792) | 690) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.79 | 0.70 | 0.80 | 0.86 | 0.80 |
Based on: 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), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Area asset turnover = Equipment rentals revenue ÷ Rental equipment, net
= 977 ÷ 1,230 = 0.79
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Foreign | Foreign area asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level. |
Equipment rentals revenue
United Rentals Inc., equipment rentals revenue by geographic area
US$ in millions
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Domestic | 9,139) | 7,430) | 6,543) | 7,283) | 6,388) |
| Foreign | 977) | 777) | 597) | 681) | 552) |
| Total | 10,116) | 8,207) | 7,140) | 7,964) | 6,940) |
Based on: 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), 10-K (reporting date: 2018-12-31).
Rental equipment, net
United Rentals Inc., rental equipment, net by geographic area
US$ in millions
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Domestic | 12,047) | 9,448) | 7,960) | 8,995) | 8,910) |
| Foreign | 1,230) | 1,112) | 745) | 792) | 690) |
| Total | 13,277) | 10,560) | 8,705) | 9,787) | 9,600) |
Based on: 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), 10-K (reporting date: 2018-12-31).