Analysis of Geographic Areas
ON Semiconductor Corp. operates in 2 regions: United States and Other.
Area Asset Turnover
ON Semiconductor Corp., asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 1.08 | 1.10 | 1.21 | 1.06 | 1.31 |
| Other | 2.27 | 3.23 | 3.31 | 2.48 | 2.38 |
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. |
| Other | Other area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: United States
ON Semiconductor Corp.; 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 thousands) | |||||
| Revenue | 1,573,700) | 1,464,700) | 931,600) | 728,600) | 810,300) |
| Property, plant and equipment, net | 1,456,500) | 1,329,200) | 767,100) | 686,600) | 616,700) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.08 | 1.10 | 1.21 | 1.06 | 1.31 |
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 ÷ Property, plant and equipment, net
= 1,573,700 ÷ 1,456,500 = 1.08
| 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: Other
ON Semiconductor Corp.; Other; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenue | 6,679,300) | 6,861,500) | 5,808,200) | 4,526,400) | 4,707,600) |
| Property, plant and equipment, net | 2,945,000) | 2,121,500) | 1,757,200) | 1,825,700) | 1,974,900) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 2.27 | 3.23 | 3.31 | 2.48 | 2.38 |
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 ÷ Property, plant and equipment, net
= 6,679,300 ÷ 2,945,000 = 2.27
| 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
ON Semiconductor Corp., revenue by geographic area
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 1,573,700) | 1,464,700) | 931,600) | 728,600) | 810,300) |
| Other | 6,679,300) | 6,861,500) | 5,808,200) | 4,526,400) | 4,707,600) |
| Total | 8,253,000) | 8,326,200) | 6,739,800) | 5,255,000) | 5,517,900) |
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).
Property, plant and equipment, net
ON Semiconductor Corp., property, plant and equipment, net by geographic area
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 1,456,500) | 1,329,200) | 767,100) | 686,600) | 616,700) |
| Other | 2,945,000) | 2,121,500) | 1,757,200) | 1,825,700) | 1,974,900) |
| Total | 4,401,500) | 3,450,700) | 2,524,300) | 2,512,300) | 2,591,600) |
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).