Analysis of Geographic Areas
Meta Platforms Inc. operates in 2 regions: United States and Rest of the world.
Area Asset Turnover
Meta Platforms Inc., asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 0.54 | 0.62 | 0.87 | 0.84 | 0.84 |
| Rest of the world | 4.74 | 4.38 | 4.81 | 4.19 | 4.53 |
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. |
| Rest of the world | Rest of the world area asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Area Asset Turnover: United States
Meta Platforms 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 | 49,780) | 47,200) | 48,380) | 36,250) | 30,230) |
| Long-lived assets | 91,940) | 76,334) | 55,497) | 43,128) | 35,858) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.54 | 0.62 | 0.87 | 0.84 | 0.84 |
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
= 49,780 ÷ 91,940 = 0.54
| 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: Rest of the world
Meta Platforms Inc.; Rest of the world; 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 | 85,122) | 69,409) | 69,549) | 49,715) | 40,467) |
| Long-lived assets | 17,941) | 15,857) | 14,467) | 11,853) | 8,925) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 4.74 | 4.38 | 4.81 | 4.19 | 4.53 |
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
= 85,122 ÷ 17,941 = 4.74
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Rest of the world | Rest of the world area asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Revenue
Meta Platforms 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 | 49,780) | 47,200) | 48,380) | 36,250) | 30,230) |
| Rest of the world | 85,122) | 69,409) | 69,549) | 49,715) | 40,467) |
| Total | 134,902) | 116,609) | 117,929) | 85,965) | 70,697) |
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
Meta Platforms 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 | 91,940) | 76,334) | 55,497) | 43,128) | 35,858) |
| Rest of the world | 17,941) | 15,857) | 14,467) | 11,853) | 8,925) |
| Total | 109,881) | 92,191) | 69,964) | 54,981) | 44,783) |
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).