Analysis of Geographic Areas
Micron Technology Inc. operates in 5 regions: United States; Taiwan; China; Japan; and Other.
Area Asset Turnover
Micron Technology Inc., asset turnover by geographic area
| Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | Aug 30, 2018 | |
|---|---|---|---|---|---|---|
| United States | 1.50 | 3.11 | 2.34 | 1.91 | 2.47 | 3.35 |
| Taiwan | 0.21 | 0.47 | 0.58 | 0.35 | 0.29 | 0.51 |
| China | 6.38 | 11.31 | 11.56 | 8.64 | 14.08 | 13.49 |
| Japan | 0.13 | 0.24 | 0.23 | 0.21 | 0.18 | 0.37 |
| Other | 0.12 | 0.14 | 0.22 | 0.22 | 0.25 | 0.39 |
Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
| Taiwan | Taiwan area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| China | China area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| Japan | Japan area asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. | |
| Other | Other area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: United States
Micron Technology Inc.; United States; area asset turnover calculation
| Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | Aug 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenue | 7,805) | 16,026) | 12,155) | 10,381) | 12,451) | 17,116) |
| Long-lived assets | 5,196) | 5,155) | 5,205) | 5,434) | 5,048) | 5,113) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 1.50 | 3.11 | 2.34 | 1.91 | 2.47 | 3.35 |
Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30).
1 2023 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 7,805 ÷ 5,196 = 1.50
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Area Asset Turnover: Taiwan
Micron Technology Inc.; Taiwan; area asset turnover calculation
| Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | Aug 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenue | 2,697) | 6,185) | 6,606) | 3,657) | 2,703) | 3,918) |
| Long-lived assets | 12,926) | 13,143) | 11,457) | 10,516) | 9,397) | 7,640) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 0.21 | 0.47 | 0.58 | 0.35 | 0.29 | 0.51 |
Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30).
1 2023 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 2,697 ÷ 12,926 = 0.21
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Taiwan | Taiwan area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: China
Micron Technology Inc.; China; area asset turnover calculation
| Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | Aug 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenue | 2,521) | 4,976) | 5,038) | 4,129) | 5,209) | 5,368) |
| Long-lived assets | 395) | 440) | 436) | 478) | 370) | 398) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 6.38 | 11.31 | 11.56 | 8.64 | 14.08 | 13.49 |
Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30).
1 2023 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 2,521 ÷ 395 = 6.38
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | China | China area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Japan
Micron Technology Inc.; Japan; area asset turnover calculation
| Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | Aug 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenue | 987) | 1,696) | 1,652) | 1,387) | 958) | 1,265) |
| Long-lived assets | 7,323) | 7,113) | 7,222) | 6,478) | 5,202) | 3,451) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 0.13 | 0.24 | 0.23 | 0.21 | 0.18 | 0.37 |
Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30).
1 2023 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 987 ÷ 7,323 = 0.13
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Japan | Japan area asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Area Asset Turnover: Other
Micron Technology Inc.; Other; area asset turnover calculation
| Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | Aug 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenue | 1,530) | 1,875) | 2,254) | 1,881) | 2,085) | 2,724) |
| Long-lived assets | 12,754) | 13,376) | 10,343) | 8,709) | 8,223) | 7,070) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 0.12 | 0.14 | 0.22 | 0.22 | 0.25 | 0.39 |
Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30).
1 2023 Calculation
Area asset turnover = Revenue ÷ Long-lived assets
= 1,530 ÷ 12,754 = 0.12
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other | Other area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Revenue
Micron Technology Inc., revenue by geographic area
US$ in millions
| Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | Aug 30, 2018 | |
|---|---|---|---|---|---|---|
| United States | 7,805) | 16,026) | 12,155) | 10,381) | 12,451) | 17,116) |
| Taiwan | 2,697) | 6,185) | 6,606) | 3,657) | 2,703) | 3,918) |
| China | 2,521) | 4,976) | 5,038) | 4,129) | 5,209) | 5,368) |
| Japan | 987) | 1,696) | 1,652) | 1,387) | 958) | 1,265) |
| Other | 1,530) | 1,875) | 2,254) | 1,881) | 2,085) | 2,724) |
| Total | 15,540) | 30,758) | 27,705) | 21,435) | 23,406) | 30,391) |
Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30).
Long-lived assets
Micron Technology Inc., long-lived assets by geographic area
US$ in millions
| Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | Aug 30, 2018 | |
|---|---|---|---|---|---|---|
| United States | 5,196) | 5,155) | 5,205) | 5,434) | 5,048) | 5,113) |
| Taiwan | 12,926) | 13,143) | 11,457) | 10,516) | 9,397) | 7,640) |
| China | 395) | 440) | 436) | 478) | 370) | 398) |
| Japan | 7,323) | 7,113) | 7,222) | 6,478) | 5,202) | 3,451) |
| Other | 12,754) | 13,376) | 10,343) | 8,709) | 8,223) | 7,070) |
| Total | 38,594) | 39,227) | 34,663) | 31,615) | 28,240) | 23,672) |
Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30).