Stock Analysis on Net

Texas Instruments Inc. (NASDAQ:TXN)

Analysis of Geographic Areas

Microsoft Excel

Area Asset Turnover

Texas Instruments Inc., asset turnover by geographic area

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
United States 0.77 0.44 0.52 0.76 0.91
China 4.50 15.19 17.54
Rest of Asia 1.20 2.94 3.03 9.49 8.27
Europe, Middle East and Africa 68.26 80.00 59.62 43.25 42.97
Japan 10.54 9.69 6.90 4.45 4.30
Rest of world 5.34 17.94 32.80 35.45 36.64

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 but then improved from 2022 to 2023 exceeding 2021 level.
China China area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Rest of Asia Rest of Asia area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Europe, Middle East and Africa Europe, Middle East and Africa area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.
Japan Japan area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.
Rest of world Rest of world area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Area Asset Turnover: United States

Texas Instruments Inc.; United States; area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenue 5,814 2,267 1,906 1,547 1,827
Property, plant and equipment 7,548 5,134 3,648 2,036 1,998
Area Activity Ratio
Area asset turnover1 0.77 0.44 0.52 0.76 0.91

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
= 5,814 ÷ 7,548 = 0.77

Area activity ratio Geographic area The company
Area asset turnover United States United States area asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Area Asset Turnover: China

Texas Instruments Inc.; China; area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenue 3,293 9,844 9,998
Property, plant and equipment 731 648 570
Area Activity Ratio
Area asset turnover1 4.50 15.19 17.54

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
= 3,293 ÷ 731 = 4.50

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: Rest of Asia

Texas Instruments Inc.; Rest of Asia; area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenue 1,721 2,633 2,187 9,541 8,650
Property, plant and equipment 1,433 896 722 1,005 1,046
Area Activity Ratio
Area asset turnover1 1.20 2.94 3.03 9.49 8.27

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
= 1,721 ÷ 1,433 = 1.20

Area activity ratio Geographic area The company
Area asset turnover Rest of Asia Rest of Asia area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Area Asset Turnover: Europe, Middle East and Africa

Texas Instruments Inc.; Europe, Middle East and Africa; area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenue 4,642 3,520 2,802 2,249 2,707
Property, plant and equipment 68 44 47 52 63
Area Activity Ratio
Area asset turnover1 68.26 80.00 59.62 43.25 42.97

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
= 4,642 ÷ 68 = 68.26

Area activity ratio Geographic area The company
Area asset turnover Europe, Middle East and Africa Europe, Middle East and Africa area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.

Area Asset Turnover: Japan

Texas Instruments Inc.; Japan; area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenue 1,782 1,172 959 734 796
Property, plant and equipment 169 121 139 165 185
Area Activity Ratio
Area asset turnover1 10.54 9.69 6.90 4.45 4.30

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
= 1,782 ÷ 169 = 10.54

Area activity ratio Geographic area The company
Area asset turnover Japan Japan area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Area Asset Turnover: Rest of world

Texas Instruments Inc.; Rest of world; area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenue 267 592 492 390 403
Property, plant and equipment 50 33 15 11 11
Area Activity Ratio
Area asset turnover1 5.34 17.94 32.80 35.45 36.64

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
= 267 ÷ 50 = 5.34

Area activity ratio Geographic area The company
Area asset turnover Rest of world Rest of world area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Revenue

Texas Instruments Inc., revenue by geographic area

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
United States 5,814 2,267 1,906 1,547 1,827
China 3,293 9,844 9,998
Rest of Asia 1,721 2,633 2,187 9,541 8,650
Europe, Middle East and Africa 4,642 3,520 2,802 2,249 2,707
Japan 1,782 1,172 959 734 796
Rest of world 267 592 492 390 403
Total 17,519 20,028 18,344 14,461 14,383

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

Texas Instruments Inc., property, plant and equipment by geographic area

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
United States 7,548 5,134 3,648 2,036 1,998
China 731 648 570
Rest of Asia 1,433 896 722 1,005 1,046
Europe, Middle East and Africa 68 44 47 52 63
Japan 169 121 139 165 185
Rest of world 50 33 15 11 11
Total 9,999 6,876 5,141 3,269 3,303

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).