Analysis of Geographic Areas
Valero Energy Corp. operates in 5 regions: U.S.; Canada; U.K. and Ireland; Mexico and Peru; and Other countries.
Area Asset Turnover
Valero Energy Corp., asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| U.S. | 3.61 | 4.31 | 2.91 | 1.60 | 2.81 |
| Canada | 6.32 | 7.19 | 3.56 | 2.29 | 4.20 |
| U.K. and Ireland | 12.00 | 13.70 | 8.71 | 6.85 | 11.03 |
| Mexico and Peru | 7.69 | 9.76 | — | — | — |
| Other countries | — | — | 12.96 | 8.37 | 19.42 |
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 | U.S. | U.S. area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| Canada | Canada area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. | |
| U.K. and Ireland | U.K. and Ireland area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. | |
| Mexico and Peru | Mexico and Peru area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. | |
| Other countries |
Area Asset Turnover: U.S.
Valero Energy Corp.; U.S.; 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) | |||||
| Revenues | 104,208) | 126,722) | 82,940) | 45,174) | 77,173) |
| Long-lived assets | 28,868) | 29,378) | 28,518) | 28,184) | 27,485) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 3.61 | 4.31 | 2.91 | 1.60 | 2.81 |
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 = Revenues ÷ Long-lived assets
= 104,208 ÷ 28,868 = 3.61
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | U.S. | U.S. area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Area Asset Turnover: Canada
Valero Energy Corp.; 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) | |||||
| Revenues | 10,107) | 11,743) | 6,597) | 4,294) | 7,915) |
| Long-lived assets | 1,598) | 1,634) | 1,855) | 1,877) | 1,886) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 6.32 | 7.19 | 3.56 | 2.29 | 4.20 |
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 = Revenues ÷ Long-lived assets
= 10,107 ÷ 1,598 = 6.32
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Canada | Canada area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Area Asset Turnover: U.K. and Ireland
Valero Energy Corp.; U.K. and Ireland; 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) | |||||
| Revenues | 16,148) | 17,822) | 13,307) | 9,268) | 13,584) |
| Long-lived assets | 1,346) | 1,301) | 1,528) | 1,353) | 1,232) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 12.00 | 13.70 | 8.71 | 6.85 | 11.03 |
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 = Revenues ÷ Long-lived assets
= 16,148 ÷ 1,346 = 12.00
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | U.K. and Ireland | U.K. and Ireland area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Area Asset Turnover: Mexico and Peru
Valero Energy Corp.; Mexico and Peru; 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) | |||||
| Revenues | 6,438) | 8,396) | —) | —) | —) |
| Long-lived assets | 837) | 860) | —) | —) | —) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 7.69 | 9.76 | — | — | — |
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 = Revenues ÷ Long-lived assets
= 6,438 ÷ 837 = 7.69
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Mexico and Peru | Mexico and Peru area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Area Asset Turnover: Other countries
Valero Energy 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) | |||||
| Revenues | 7,865) | 11,700) | 11,133) | 6,176) | 9,652) |
| Long-lived assets | —) | —) | 859) | 738) | 497) |
| Area Activity Ratio | |||||
| Area asset turnover1 | — | — | 12.96 | 8.37 | 19.42 |
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 = Revenues ÷ Long-lived assets
= 7,865 ÷ 0 = —
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other countries |
Revenues
Valero Energy Corp., revenues by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| U.S. | 104,208) | 126,722) | 82,940) | 45,174) | 77,173) |
| Canada | 10,107) | 11,743) | 6,597) | 4,294) | 7,915) |
| U.K. and Ireland | 16,148) | 17,822) | 13,307) | 9,268) | 13,584) |
| Mexico and Peru | 6,438) | 8,396) | —) | —) | —) |
| Other countries | 7,865) | 11,700) | 11,133) | 6,176) | 9,652) |
| Total | 144,766) | 176,383) | 113,977) | 64,912) | 108,324) |
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
Valero Energy Corp., long-lived assets by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| U.S. | 28,868) | 29,378) | 28,518) | 28,184) | 27,485) |
| Canada | 1,598) | 1,634) | 1,855) | 1,877) | 1,886) |
| U.K. and Ireland | 1,346) | 1,301) | 1,528) | 1,353) | 1,232) |
| Mexico and Peru | 837) | 860) | —) | —) | —) |
| Other countries | —) | —) | 859) | 738) | 497) |
| Total | 32,649) | 33,173) | 32,760) | 32,152) | 31,100) |
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).