Stock Analysis on Net

International Business Machines Corp. (NYSE:IBM)

Analysis of Geographic Areas

Microsoft Excel

Area Asset Turnover

International Business Machines Corp., asset turnover by geographic area

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
United States 7.30 7.82 6.78 6.12 6.33
Other countries 18.03 16.87 15.03 8.43 9.21

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 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.
Other countries Other countries area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Area Asset Turnover: United States

International Business Machines Corp.; 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 25,309 25,098 22,893 26,978 28,395
Plant and other property, net 3,466 3,209 3,375 4,410 4,485
Area Activity Ratio
Area asset turnover1 7.30 7.82 6.78 6.12 6.33

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 ÷ Plant and other property, net
= 25,309 ÷ 3,466 = 7.30

Area activity ratio Geographic area The company
Area asset turnover United States United States area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.

Area Asset Turnover: Other countries

International Business Machines Corp.; Other countries; 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 36,551 35,432 34,457 46,642 48,752
Plant and other property, net 2,027 2,100 2,293 5,533 5,293
Area Activity Ratio
Area asset turnover1 18.03 16.87 15.03 8.43 9.21

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 ÷ Plant and other property, net
= 36,551 ÷ 2,027 = 18.03

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

Revenue

International Business Machines Corp., 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 25,309 25,098 22,893 26,978 28,395
Other countries 36,551 35,432 34,457 46,642 48,752
Total 61,860 60,530 57,350 73,620 77,147

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).


Plant and other property, net

International Business Machines Corp., plant and other property, net 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 3,466 3,209 3,375 4,410 4,485
Other countries 2,027 2,100 2,293 5,533 5,293
Total 5,493 5,309 5,668 9,943 9,778

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).