Analysis of Geographic Areas
RTX Corp. operates in 5 regions: United States; Europe; Asia Pacific; Middle East and North Africa; and Other regions.
Area Asset Turnover
RTX Corp., asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 4.55 | 4.76 | 4.76 | 4.20 | 6.44 |
| Europe | 4.02 | 3.42 | 2.89 | 2.70 | 7.23 |
| Asia Pacific | 2.70 | 2.22 | 2.05 | 1.76 | 6.91 |
| Middle East and North Africa | 4.78 | 1.53 | 1.05 | 0.75 | — |
| Other regions | 3.92 | 3.51 | 3.03 | 2.65 | 5.17 |
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 and from 2022 to 2023. |
| Europe | Europe area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Asia Pacific | Asia Pacific area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Middle East and North Africa | Middle East and North Africa area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Other regions | Other regions area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: United States
RTX Corp.; 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) | |||||
| External net sales | 57,539) | 57,869) | 55,837) | 48,560) | 48,288) |
| Long-lived assets | 12,646) | 12,162) | 11,731) | 11,560) | 7,498) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 4.55 | 4.76 | 4.76 | 4.20 | 6.44 |
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 = External net sales ÷ Long-lived assets
= 57,539 ÷ 12,646 = 4.55
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Europe
RTX Corp.; Europe; 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) | |||||
| External net sales | 4,849) | 3,874) | 3,630) | 3,696) | 13,664) |
| Long-lived assets | 1,207) | 1,132) | 1,255) | 1,371) | 1,889) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 4.02 | 3.42 | 2.89 | 2.70 | 7.23 |
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 = External net sales ÷ Long-lived assets
= 4,849 ÷ 1,207 = 4.02
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Europe | Europe area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Asia Pacific
RTX Corp.; Asia Pacific; 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) | |||||
| External net sales | 2,182) | 1,778) | 1,748) | 1,574) | 9,391) |
| Long-lived assets | 808) | 801) | 854) | 893) | 1,359) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 2.70 | 2.22 | 2.05 | 1.76 | 6.91 |
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 = External net sales ÷ Long-lived assets
= 2,182 ÷ 808 = 2.70
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Asia Pacific | Asia Pacific area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Middle East and North Africa
RTX Corp.; Middle East and North Africa; 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) | |||||
| External net sales | 492) | 173) | 136) | 103) | —) |
| Long-lived assets | 103) | 113) | 129) | 137) | —) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 4.78 | 1.53 | 1.05 | 0.75 | — |
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 = External net sales ÷ Long-lived assets
= 492 ÷ 103 = 4.78
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Middle East and North Africa | Middle East and North Africa area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Other regions
RTX Corp.; Other regions; 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) | |||||
| External net sales | 3,858) | 3,380) | 3,037) | 2,654) | 7,298) |
| Long-lived assets | 984) | 962) | 1,003) | 1,001) | 1,412) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 3.92 | 3.51 | 3.03 | 2.65 | 5.17 |
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 = External net sales ÷ Long-lived assets
= 3,858 ÷ 984 = 3.92
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other regions | Other regions area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
External net sales
RTX Corp., external net sales by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 57,539) | 57,869) | 55,837) | 48,560) | 48,288) |
| Europe | 4,849) | 3,874) | 3,630) | 3,696) | 13,664) |
| Asia Pacific | 2,182) | 1,778) | 1,748) | 1,574) | 9,391) |
| Middle East and North Africa | 492) | 173) | 136) | 103) | —) |
| Other regions | 3,858) | 3,380) | 3,037) | 2,654) | 7,298) |
| International | 11,381) | 9,205) | 8,551) | 8,027) | 30,353) |
| Eliminations and other | —) | —) | —) | —) | (1,595) |
| Consolidated | 68,920) | 67,074) | 64,388) | 56,587) | 77,046) |
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
RTX Corp., 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 | 12,646) | 12,162) | 11,731) | 11,560) | 7,498) |
| Europe | 1,207) | 1,132) | 1,255) | 1,371) | 1,889) |
| Asia Pacific | 808) | 801) | 854) | 893) | 1,359) |
| Middle East and North Africa | 103) | 113) | 129) | 137) | —) |
| Other regions | 984) | 962) | 1,003) | 1,001) | 1,412) |
| International | 3,102) | 3,008) | 3,241) | 3,402) | 4,660) |
| Eliminations and other | —) | —) | —) | —) | 597) |
| Consolidated | 15,748) | 15,170) | 14,972) | 14,962) | 12,755) |
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).