Analysis of Geographic Areas
Ford Motor Co. operates in 5 regions: United States; Canada; United Kingdom; Mexico; and All Other.
Area Asset Turnover
Ford Motor Co., asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 2.77 | 2.52 | 1.97 | 1.82 | 2.13 |
| Canada | 2.18 | 2.19 | 1.93 | 1.70 | 2.24 |
| United Kingdom | 4.80 | 6.50 | 5.50 | 4.36 | 5.77 |
| Mexico | 0.53 | 0.43 | 0.37 | 0.28 | 0.50 |
| All Other | 5.06 | 4.37 | 3.57 | 3.03 | 3.61 |
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 improved from 2021 to 2022 and from 2022 to 2023. |
| Canada | Canada area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. | |
| United Kingdom | United Kingdom area asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. | |
| Mexico | Mexico area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| All Other | All Other area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: United States
Ford Motor Co.; 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) | |||||
| Revenues | 116,995) | 105,481) | 87,012) | 82,535) | 98,729) |
| Long-lived assets | 42,235) | 41,925) | 44,271) | 45,360) | 46,434) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 2.77 | 2.52 | 1.97 | 1.82 | 2.13 |
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 = Revenues ÷ Long-lived assets
= 116,995 ÷ 42,235 = 2.77
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Canada
Ford Motor Co.; Canada; 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) | |||||
| Revenues | 13,391) | 12,590) | 11,153) | 8,711) | 10,855) |
| Long-lived assets | 6,147) | 5,739) | 5,773) | 5,111) | 4,842) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 2.18 | 2.19 | 1.93 | 1.70 | 2.24 |
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 = Revenues ÷ Long-lived assets
= 13,391 ÷ 6,147 = 2.18
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Canada | Canada area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Area Asset Turnover: United Kingdom
Ford Motor Co.; United Kingdom; 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) | |||||
| Revenues | 8,968) | 8,220) | 7,607) | 6,110) | 8,899) |
| Long-lived assets | 1,868) | 1,264) | 1,383) | 1,401) | 1,541) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 4.80 | 6.50 | 5.50 | 4.36 | 5.77 |
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 = Revenues ÷ Long-lived assets
= 8,968 ÷ 1,868 = 4.80
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United Kingdom | United Kingdom area asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Area Asset Turnover: Mexico
Ford Motor Co.; Mexico; 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) | |||||
| Revenues | 2,774) | 1,813) | 1,440) | 1,030) | 1,451) |
| Long-lived assets | 5,222) | 4,255) | 3,903) | 3,669) | 2,909) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.53 | 0.43 | 0.37 | 0.28 | 0.50 |
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 = Revenues ÷ Long-lived assets
= 2,774 ÷ 5,222 = 0.53
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Mexico | Mexico area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: All Other
Ford Motor Co.; All 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 millions) | |||||
| Revenues | 34,063) | 29,953) | 29,129) | 28,758) | 35,966) |
| Long-lived assets | 6,733) | 6,854) | 8,170) | 9,493) | 9,973) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 5.06 | 4.37 | 3.57 | 3.03 | 3.61 |
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 = Revenues ÷ Long-lived assets
= 34,063 ÷ 6,733 = 5.06
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | All Other | All Other area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Revenues
Ford Motor Co., revenues by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 116,995) | 105,481) | 87,012) | 82,535) | 98,729) |
| Canada | 13,391) | 12,590) | 11,153) | 8,711) | 10,855) |
| United Kingdom | 8,968) | 8,220) | 7,607) | 6,110) | 8,899) |
| Mexico | 2,774) | 1,813) | 1,440) | 1,030) | 1,451) |
| All Other | 34,063) | 29,953) | 29,129) | 28,758) | 35,966) |
| Total Company | 176,191) | 158,057) | 136,341) | 127,144) | 155,900) |
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).
Long-lived assets
Ford Motor Co., 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 | 42,235) | 41,925) | 44,271) | 45,360) | 46,434) |
| Canada | 6,147) | 5,739) | 5,773) | 5,111) | 4,842) |
| United Kingdom | 1,868) | 1,264) | 1,383) | 1,401) | 1,541) |
| Mexico | 5,222) | 4,255) | 3,903) | 3,669) | 2,909) |
| All Other | 6,733) | 6,854) | 8,170) | 9,493) | 9,973) |
| Total Company | 62,205) | 60,037) | 63,500) | 65,034) | 65,699) |
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).