Analysis of Geographic Areas
Walmart Inc. operates in 2 regions: U.S. operations and Non-U.S. operations.
Area Asset Turnover
Walmart Inc., asset turnover by geographic area
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | |
|---|---|---|---|---|---|---|
| U.S. operations | 5.09 | 5.32 | 5.24 | 5.02 | 4.63 | 4.83 |
| Non-U.S. operations | 4.49 | 4.34 | 4.49 | 5.38 | 3.03 | 4.04 |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | U.S. operations | U.S. operations area asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Non-U.S. operations | Non-U.S. operations area asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. |
Area Asset Turnover: U.S. operations
Walmart Inc.; U.S. operations; area asset turnover calculation
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 532,076) | 508,685) | 470,295) | 436,649) | 402,532) | 392,265) |
| Long-lived assets | 104,480) | 95,567) | 89,795) | 87,068) | 86,944) | 81,144) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 5.09 | 5.32 | 5.24 | 5.02 | 4.63 | 4.83 |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).
1 2024 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= 532,076 ÷ 104,480 = 5.09
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | U.S. operations | U.S. operations area asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Area Asset Turnover: Non-U.S. operations
Walmart Inc.; Non-U.S. operations; area asset turnover calculation
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 116,049) | 102,604) | 102,459) | 122,502) | 121,432) | 122,140) |
| Long-lived assets | 25,858) | 23,667) | 22,829) | 22,780) | 40,105) | 30,251) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 4.49 | 4.34 | 4.49 | 5.38 | 3.03 | 4.04 |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).
1 2024 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= 116,049 ÷ 25,858 = 4.49
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Non-U.S. operations | Non-U.S. operations area asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. |
Revenues
Walmart Inc., revenues by geographic area
US$ in millions
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | |
|---|---|---|---|---|---|---|
| U.S. operations | 532,076) | 508,685) | 470,295) | 436,649) | 402,532) | 392,265) |
| Non-U.S. operations | 116,049) | 102,604) | 102,459) | 122,502) | 121,432) | 122,140) |
| Total | 648,125) | 611,289) | 572,754) | 559,151) | 523,964) | 514,405) |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).
Long-lived assets
Walmart Inc., long-lived assets by geographic area
US$ in millions
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | |
|---|---|---|---|---|---|---|
| U.S. operations | 104,480) | 95,567) | 89,795) | 87,068) | 86,944) | 81,144) |
| Non-U.S. operations | 25,858) | 23,667) | 22,829) | 22,780) | 40,105) | 30,251) |
| Total | 130,338) | 119,234) | 112,624) | 109,848) | 127,049) | 111,395) |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).