Analysis of Geographic Areas
Advanced Micro Devices Inc. operates in 4 regions: United States; China, including Hong Kong; Singapore; and Other countries.
Area Asset Turnover
Advanced Micro Devices Inc., asset turnover by geographic area
| Dec 28, 2024 | Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | |
|---|---|---|---|---|---|
| United States | 6.63 | 6.86 | 7.30 | 9.58 | 5.45 |
| China, including Hong Kong | 163.97 | 81.36 | 123.98 | 117.03 | 68.50 |
| Singapore | 25.81 | 15.49 | 10.45 | 39.69 | 34.25 |
| Other countries | 23.23 | 35.37 | 37.83 | 43.10 | 26.26 |
Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).
- United States
- The asset turnover ratio exhibited an initial increase from 5.45 in 2020 to a peak of 9.58 in 2021. This was followed by a gradual decline over the next three years, decreasing to 7.30 in 2022, 6.86 in 2023, and further to 6.63 in 2024. The trend suggests a strong improvement in 2021, with subsequent moderate declines in efficiency in utilizing assets in this region.
- China, including Hong Kong
- This region demonstrated significant volatility and overall growth in asset turnover ratios. Starting at 68.50 in 2020, the ratio sharply increased to 117.03 in 2021 and further to 123.98 in 2022. However, a notable decline occurred in 2023, bringing the ratio down to 81.36. Subsequently, a substantial rebound was observed in 2024, reaching the highest value of 163.97 in the period analyzed. This pattern indicates dynamic fluctuations in asset utilization, with an overall upward trajectory and strong recovery after a dip in 2023.
- Singapore
- The asset turnover ratio for Singapore showed a less stable pattern, with a rise from 34.25 in 2020 to 39.69 in 2021, followed by a sharp decrease to 10.45 in 2022. Thereafter, modest recovery occurred, with ratios increasing to 15.49 in 2023 and 25.81 in 2024. The data reflect challenges in maintaining asset efficiency, with partial recovery efforts evident in the latter years.
- Other countries
- The ratio for other countries increased from 26.26 in 2020 to 43.10 in 2021, followed by a gradual decline to 37.83 in 2022 and 35.37 in 2023. In 2024, the ratio further decreased to 23.23, falling below the initial 2020 level. This trend demonstrates an initial improvement in asset turnover, succeeded by a consistent downturn, suggesting diminishing efficiency in asset usage across these countries.
Area Asset Turnover: United States
Advanced Micro Devices Inc.; United States; area asset turnover calculation
| Dec 28, 2024 | Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales to external customers | 8,693) | 7,837) | 8,049) | 4,656) | 2,294) |
| Property and equipment, net | 1,312) | 1,143) | 1,102) | 486) | 421) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 6.63 | 6.86 | 7.30 | 9.58 | 5.45 |
Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).
1 2024 Calculation
Area asset turnover = Sales to external customers ÷ Property and equipment, net
= 8,693 ÷ 1,312 = 6.63
- Sales to external customers
- Sales demonstrated a significant upward trajectory over the period analyzed. Starting at US$2,294 million in 2020, sales more than doubled by 2021, reaching US$4,656 million. This trend of robust growth continued into 2022, with sales rising to US$8,049 million. However, in 2023 there was a slight decline to US$7,837 million, before increasing again to US$8,693 million in 2024, marking a new peak. Overall, the data indicates strong sales expansion with a minor fluctuation in 2023.
- Property and equipment, net
- The net value of property and equipment also exhibited a consistent upward trend throughout the period. Beginning at US$421 million in 2020, there was a steady increase each year, reaching US$486 million in 2021 and then more than doubling to US$1,102 million in 2022. Following this, the value continued to rise moderately to US$1,143 million in 2023 and further to US$1,312 million in 2024. This pattern suggests ongoing investment or capital expenditure in fixed assets.
- Area asset turnover
- Area asset turnover, representing the efficiency of asset use to generate sales, showed notable variability. It experienced a sharp increase from 5.45 in 2020 to a peak of 9.58 in 2021, indicating improved efficiency during this year. However, from 2022 onwards, turnover declined steadily to 7.3, then to 6.86 in 2023, and finally to 6.63 in 2024. Despite this downward trend from the peak, the turnover ratios from 2022 to 2024 remain above the 2020 level, implying that while efficiency decreased after 2021, it remained higher than at the start of the period.
Area Asset Turnover: China, including Hong Kong
Advanced Micro Devices Inc.; China, including Hong Kong; area asset turnover calculation
| Dec 28, 2024 | Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales to external customers | 6,231) | 3,417) | 5,207) | 4,096) | 2,329) |
| Property and equipment, net | 38) | 42) | 42) | 35) | 34) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 163.97 | 81.36 | 123.98 | 117.03 | 68.50 |
Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).
1 2024 Calculation
Area asset turnover = Sales to external customers ÷ Property and equipment, net
= 6,231 ÷ 38 = 163.97
- Sales to external customers
- Sales exhibited a fluctuating trend over the five-year period. From 2020 to 2022, there was a substantial increase, rising from 2,329 million US dollars to 5,207 million US dollars. However, in 2023, sales declined significantly to 3,417 million US dollars before rebounding sharply in 2024 to reach 6,231 million US dollars, the highest value recorded in the timeframe. This pattern suggests volatility but a generally positive long-term growth trajectory.
- Property and equipment, net
- The net value of property and equipment remained relatively stable with minor variations. The value increased slightly from 34 million US dollars in 2020 to 42 million US dollars in 2022 and 2023. In 2024, a slight decrease was observed, dropping to 38 million US dollars. This indicates limited changes in fixed assets over the years, implying stable investment levels in property and equipment within the region.
- Area asset turnover
- The area asset turnover ratio, which measures the efficiency of using assets to generate sales, generally followed an upward trend with fluctuations. It started at 68.5 in 2020 and increased sharply to 117.03 in 2021 and then to 123.98 in 2022. A significant decline occurred in 2023, dropping to 81.36, followed by a strong recovery in 2024, rising to 163.97, the peak value observed. This pattern indicates fluctuating operational efficiency, with the most recent year demonstrating a notably high turnover relative to the assets deployed.
Area Asset Turnover: Singapore
Advanced Micro Devices Inc.; Singapore; area asset turnover calculation
| Dec 28, 2024 | Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales to external customers | 3,614) | 2,231) | 1,380) | 1,389) | 1,096) |
| Property and equipment, net | 140) | 144) | 132) | 35) | 32) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 25.81 | 15.49 | 10.45 | 39.69 | 34.25 |
Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).
1 2024 Calculation
Area asset turnover = Sales to external customers ÷ Property and equipment, net
= 3,614 ÷ 140 = 25.81
- Sales to external customers
- The sales to external customers in the Singapore geographic area exhibit a consistent upward trend over the analyzed periods. Starting at $1,096 million in 2020, sales increased to $1,389 million in 2021, showing moderate growth. Sales in 2022 remained relatively flat at $1,380 million, indicating a slight contraction compared to the previous year. However, a significant recovery and expansion occurred in 2023, with sales rising sharply to $2,231 million. This growth accelerated further in 2024, reaching $3,614 million, reflecting a strong positive trajectory in revenue generation from this geographic region.
- Property and equipment, net
- The net value of property and equipment in Singapore reveals an initial stable and low level from 2020 to 2021, increasing modestly from $32 million to $35 million. Thereafter, a notable escalation occurred in 2022 to $132 million, nearly quadrupling the previous year's value. This heightened investment in property and equipment was maintained with a slight increase to $144 million in 2023, followed by a marginal decrease to $140 million in 2024. The sharp increase starting in 2022 suggests a strategic expansion or upgrading of physical assets in the area.
- Area asset turnover
- The area asset turnover ratio, representing sales generated per unit of property and equipment, displays a declining trend from 2020 through 2022. It began at a high level of 34.25 in 2020, rising to a peak of 39.69 in 2021, indicating highly efficient utilization of assets. However, this ratio fell sharply in 2022 to 10.45, suggesting a significant reduction in asset efficiency, possibly due to the large increase in property and equipment during that year without a proportional increase in sales. Although some recovery is observed in 2023 and 2024, with ratios rising to 15.49 and 25.81 respectively, the asset turnover remains below the high efficiency levels of 2020 and 2021, indicating ongoing room for improved asset utilization.
Area Asset Turnover: Other countries
Advanced Micro Devices Inc.; Other countries; area asset turnover calculation
| Dec 28, 2024 | Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales to external customers | 7,247) | 9,195) | 8,965) | 6,293) | 4,044) |
| Property and equipment, net | 312) | 260) | 237) | 146) | 154) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 23.23 | 35.37 | 37.83 | 43.10 | 26.26 |
Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).
1 2024 Calculation
Area asset turnover = Sales to external customers ÷ Property and equipment, net
= 7,247 ÷ 312 = 23.23
The data for the "Other countries" geographic area reveals significant fluctuations across multiple financial metrics over the five-year period examined.
- Sales to External Customers
- Sales demonstrated a strong upward trajectory initially, rising sharply from $4,044 million in 2020 to a peak of $9,195 million in 2023. However, this was followed by a notable decline in 2024, falling to $7,247 million. The initial growth phase indicates increasing market penetration or demand in this geographic area, while the downturn in the final year could reflect market saturation, competitive pressures, or broader economic factors impacting sales.
- Property and Equipment, Net
- The net value of property and equipment showed a consistent increase over the period, starting at $154 million in 2020 and reaching $312 million by 2024. This steady investment in assets suggests a strategic effort to enhance infrastructure or capacity in the region, possibly to support expanding operations or technological upgrades in line with the sales growth observed in earlier years.
- Area Asset Turnover
- The area asset turnover ratio, which measures sales generated per unit of net property and equipment, exhibited considerable variability. It peaked sharply at 43.1 in 2021, indicating highly efficient use of assets that year. Subsequently, the ratio declined in the following years, from 37.83 in 2022 to 35.37 in 2023, and dropped substantially to 23.23 in 2024. This downward trend suggests a decreasing efficiency in utilizing assets to generate sales, particularly in the most recent year, possibly due to increased asset base outpacing sales growth or operational inefficiencies.
Overall, the analysis reveals an initial phase of robust sales growth accompanied by steady asset accumulation and high asset turnover efficiency. In the later years, sales experienced a decline while asset growth continued, leading to reduced asset turnover. This pattern points to potential challenges in maintaining sales momentum and optimizing asset utilization in the "Other countries" segment.
Sales to external customers
Advanced Micro Devices Inc., sales to external customers by geographic area
US$ in millions
| Dec 28, 2024 | Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | |
|---|---|---|---|---|---|
| United States | 8,693) | 7,837) | 8,049) | 4,656) | 2,294) |
| China, including Hong Kong | 6,231) | 3,417) | 5,207) | 4,096) | 2,329) |
| Singapore | 3,614) | 2,231) | 1,380) | 1,389) | 1,096) |
| Other countries | 7,247) | 9,195) | 8,965) | 6,293) | 4,044) |
| Total | 25,785) | 22,680) | 23,601) | 16,434) | 9,763) |
Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).
The data reveals the annual sales revenue to external customers across different geographic regions over a five-year period, measured in millions of US dollars.
- United States
- Sales in the United States demonstrated a strong upward trajectory from 2020 through 2024. Starting at 2,294 million USD in 2020, sales more than doubled to 4,656 million USD in 2021, then continued increasing significantly to 8,049 million USD in 2022. A slight decline occurred in 2023, with revenue falling to 7,837 million USD, but sales rebounded in 2024 to reach 8,693 million USD, marking the highest value in the period.
- China, including Hong Kong
- Sales figures for China, including Hong Kong, showed initial growth from 2,329 million USD in 2020 up to 5,207 million USD in 2022. This was followed by a substantial decrease in 2023 to 3,417 million USD. However, 2024 saw a recovery to 6,231 million USD, indicating volatility but overall positive growth when comparing the start and end of the period.
- Singapore
- Sales in Singapore increased steadily overall, beginning at 1,096 million USD in 2020 and rising modestly to 1,389 million USD in 2021. There was a slight dip in 2022 to 1,380 million USD, but this was reversed by notable growth in subsequent years, reaching 2,231 million USD in 2023 and 3,614 million USD in 2024, demonstrating accelerated growth in the later years.
- Other countries
- The category labeled as Other countries exhibited increasing sales from 4,044 million USD in 2020 to a peak of 9,195 million USD in 2023. After peaking, sales declined to 7,247 million USD in 2024, implying some reduction in revenue from this group though still higher than early period figures.
- Total Sales
- Total geographic sales to external customers reflect a consistent growth trend, rising from 9,763 million USD in 2020 to 16,434 million USD in 2021, and further to 23,601 million USD in 2022. There was a minor decline in 2023 to 22,680 million USD, followed by an increase to 25,785 million USD in 2024, the highest recorded total within the timeframe.
Overall, the data indicates robust expansion in most regions over the five years, with notable volatility especially in China and the Other countries category in recent years. The United States and Singapore show consistent growth with temporary fluctuations. The total sales trend is predominantly upward, reflecting overall expansion in external customer sales across these geographic areas despite occasional year-over-year decreases.
Property and equipment, net
Advanced Micro Devices Inc., property and equipment, net by geographic area
US$ in millions
| Dec 28, 2024 | Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | |
|---|---|---|---|---|---|
| United States | 1,312) | 1,143) | 1,102) | 486) | 421) |
| China, including Hong Kong | 38) | 42) | 42) | 35) | 34) |
| Singapore | 140) | 144) | 132) | 35) | 32) |
| Other countries | 312) | 260) | 237) | 146) | 154) |
| Total | 1,802) | 1,589) | 1,513) | 702) | 641) |
Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).
The analysis of the annual geographic area property and equipment, net data reveals distinct trends in the distribution and growth of assets across various regions over the five-year period.
- United States
- The United States demonstrates a consistent and significant upward trend in net property and equipment values. Starting at US$421 million in 2020, there is a marked increase each year, reaching US$1312 million in 2024. This reflects a more than threefold increase over the period, indicating substantial investment or asset growth within this region.
- China, including Hong Kong
- The values for China, including Hong Kong, remain relatively stable with minor fluctuations. Beginning with US$34 million in 2020, the value slightly increases to US$42 million by 2022 and 2023, but then decreases somewhat to US$38 million in 2024. This suggests a relatively modest or plateauing level of net property and equipment investment in this region over the timeframe.
- Singapore
- Singapore's net property and equipment values show strong growth initially, rising from US$32 million in 2020 to a peak of US$144 million by 2023. The value then slightly decreases to US$140 million in 2024. This indicates a period of considerable asset accumulation followed by minor contraction or stabilization in the last year.
- Other countries
- The "Other countries" category also exhibits growth over the years, increasing from US$154 million in 2020 to US$312 million in 2024. The growth is gradual but consistent, reflecting ongoing investments or asset increases in regions outside the specifically listed countries.
- Total
- The total net property and equipment values across all geographic areas more than double from US$641 million in 2020 to US$1802 million in 2024. This overall increase highlights a strong expansion in the asset base related to property and equipment, with the majority of this growth being driven by the substantial increases in the United States and, to a lesser extent, other regions.
In summary, the data indicates a strategic concentration of property and equipment investments in the United States, with noteworthy increases in Singapore and other countries, while the values in China, including Hong Kong, remain relatively static. The overall upward trend in total net property and equipment signifies significant asset expansion over the examined period.