Analysis of Geographic Areas
Walmart Inc. operates in 2 regions: U.S. operations and Non-U.S. operations.
Area Asset Turnover
Walmart Inc., asset turnover by geographic area
| Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | |
|---|---|---|---|---|---|---|
| U.S. operations | 5.24 | 5.02 | 4.63 | 4.83 | 4.67 | 4.44 |
| Non-U.S. operations | 4.49 | 5.38 | 3.03 | 4.04 | 3.59 | 3.76 |
Based on: 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | U.S. operations | U.S. operations area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Non-U.S. operations | Non-U.S. operations area asset turnover ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
Area Asset Turnover: U.S. operations
Walmart Inc.; U.S. operations; area asset turnover calculation
| Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 470,295 | 436,649 | 402,532 | 392,265 | 380,580 | 367,784 |
| Long-lived assets | 89,795 | 87,068 | 86,944 | 81,144 | 81,478 | 82,746 |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 5.24 | 5.02 | 4.63 | 4.83 | 4.67 | 4.44 |
Based on: 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31).
1 2022 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= 470,295 ÷ 89,795 = 5.24
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | U.S. operations | U.S. operations area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Area Asset Turnover: Non-U.S. operations
Walmart Inc.; Non-U.S. operations; area asset turnover calculation
| Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 102,459 | 122,502 | 121,432 | 122,140 | 119,763 | 118,089 |
| Long-lived assets | 22,829 | 22,780 | 40,105 | 30,251 | 33,340 | 31,432 |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 4.49 | 5.38 | 3.03 | 4.04 | 3.59 | 3.76 |
Based on: 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31).
1 2022 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= 102,459 ÷ 22,829 = 4.49
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Non-U.S. operations | Non-U.S. operations area asset turnover ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
Revenues
Walmart Inc., revenues by geographic area
US$ in millions
| Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | |
|---|---|---|---|---|---|---|
| U.S. operations | 470,295 | 436,649 | 402,532 | 392,265 | 380,580 | 367,784 |
| Non-U.S. operations | 102,459 | 122,502 | 121,432 | 122,140 | 119,763 | 118,089 |
| Total | 572,754 | 559,151 | 523,964 | 514,405 | 500,343 | 485,873 |
Based on: 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31).
Long-lived assets
Walmart Inc., long-lived assets by geographic area
US$ in millions
| Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | |
|---|---|---|---|---|---|---|
| U.S. operations | 89,795 | 87,068 | 86,944 | 81,144 | 81,478 | 82,746 |
| Non-U.S. operations | 22,829 | 22,780 | 40,105 | 30,251 | 33,340 | 31,432 |
| Total | 112,624 | 109,848 | 127,049 | 111,395 | 114,818 | 114,178 |
Based on: 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31).