Analysis of Geographic Areas
Hershey Co. operates in 2 regions: United States and Other.
Area Asset Turnover
Hershey Co., asset turnover by geographic area
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| United States | 4.01 | 3.72 | 3.84 | 3.91 | 3.92 |
| Other | 2.61 | 2.39 | 2.46 | 2.90 | 2.72 |
Based on: 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), 10-K (reporting date: 2018-12-31).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
| Other | Other area asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Area Asset Turnover: United States
Hershey Co.; United States; area asset turnover calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net sales | 9,121,166) | 7,807,606) | 7,042,804) | 6,722,617) | 6,535,675) |
| Long-lived assets | 2,272,811) | 2,099,786) | 1,836,114) | 1,717,606) | 1,668,186) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 4.01 | 3.72 | 3.84 | 3.91 | 3.92 |
Based on: 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), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Area asset turnover = Net sales ÷ Long-lived assets
= 9,121,166 ÷ 2,272,811 = 4.01
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Area Asset Turnover: Other
Hershey Co.; Other; area asset turnover calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net sales | 1,298,128) | 1,163,731) | 1,106,915) | 1,263,635) | 1,255,394) |
| Long-lived assets | 496,891) | 486,401) | 449,141) | 435,533) | 462,108) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 2.61 | 2.39 | 2.46 | 2.90 | 2.72 |
Based on: 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), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Area asset turnover = Net sales ÷ Long-lived assets
= 1,298,128 ÷ 496,891 = 2.61
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other | Other area asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Net sales
Hershey Co., net sales by geographic area
US$ in thousands
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| United States | 9,121,166) | 7,807,606) | 7,042,804) | 6,722,617) | 6,535,675) |
| Other | 1,298,128) | 1,163,731) | 1,106,915) | 1,263,635) | 1,255,394) |
| Total | 10,419,294) | 8,971,337) | 8,149,719) | 7,986,252) | 7,791,069) |
Based on: 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), 10-K (reporting date: 2018-12-31).
Long-lived assets
Hershey Co., long-lived assets by geographic area
US$ in thousands
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| United States | 2,272,811) | 2,099,786) | 1,836,114) | 1,717,606) | 1,668,186) |
| Other | 496,891) | 486,401) | 449,141) | 435,533) | 462,108) |
| Total | 2,769,702) | 2,586,187) | 2,285,255) | 2,153,139) | 2,130,294) |
Based on: 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), 10-K (reporting date: 2018-12-31).