Analysis of Geographic Areas
Home Depot Inc. operates in 2 regions: In the U.S. and Outside the U.S..
Area Asset Turnover
Home Depot Inc., asset turnover by geographic area
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | Feb 3, 2019 | |
|---|---|---|---|---|---|---|
| In the U.S. | 6.00 | 6.28 | 6.12 | 5.50 | 4.99 | 4.99 |
| Outside the U.S. | 4.48 | 4.88 | 4.89 | 3.98 | 3.60 | 3.61 |
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | In the U.S. | In the U.S. area asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Outside the U.S. | Outside the U.S. area asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Area Asset Turnover: In the U.S.
Home Depot Inc.; In the U.S.; area asset turnover calculation
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | Feb 3, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 140,083) | 144,840) | 138,920) | 122,158) | 101,333) | 99,386) |
| Net property and equipment | 23,347) | 23,057) | 22,696) | 22,205) | 20,302) | 19,930) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 6.00 | 6.28 | 6.12 | 5.50 | 4.99 | 4.99 |
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).
1 2024 Calculation
Area asset turnover = Net sales ÷ Net property and equipment
= 140,083 ÷ 23,347 = 6.00
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | In the U.S. | In the U.S. area asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Area Asset Turnover: Outside the U.S.
Home Depot Inc.; Outside the U.S.; area asset turnover calculation
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | Feb 3, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 12,586) | 12,563) | 12,237) | 9,952) | 8,892) | 8,817) |
| Net property and equipment | 2,807) | 2,574) | 2,503) | 2,500) | 2,468) | 2,445) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 4.48 | 4.88 | 4.89 | 3.98 | 3.60 | 3.61 |
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).
1 2024 Calculation
Area asset turnover = Net sales ÷ Net property and equipment
= 12,586 ÷ 2,807 = 4.48
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Outside the U.S. | Outside the U.S. area asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Net property and equipment
Home Depot Inc., net property and equipment by geographic area
US$ in millions
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | Feb 3, 2019 | |
|---|---|---|---|---|---|---|
| In the U.S. | 23,347) | 23,057) | 22,696) | 22,205) | 20,302) | 19,930) |
| Outside the U.S. | 2,807) | 2,574) | 2,503) | 2,500) | 2,468) | 2,445) |
| Total | 26,154) | 25,631) | 25,199) | 24,705) | 22,770) | 22,375) |
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).
Net sales
Home Depot Inc., net sales by geographic area
US$ in millions
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | Feb 3, 2019 | |
|---|---|---|---|---|---|---|
| In the U.S. | 140,083) | 144,840) | 138,920) | 122,158) | 101,333) | 99,386) |
| Outside the U.S. | 12,586) | 12,563) | 12,237) | 9,952) | 8,892) | 8,817) |
| Total | 152,669) | 157,403) | 151,157) | 132,110) | 110,225) | 108,203) |
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).