Stock Analysis on Net

Walmart Inc. (NYSE:WMT)

Analysis of Geographic Areas 

Microsoft Excel

Walmart Inc. operates in 2 regions: U.S. operations and Non-U.S. operations.


Area Asset Turnover

Walmart Inc., asset turnover by geographic area

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
U.S. operations 5.09 5.32 5.24 5.02 4.63 4.83
Non-U.S. operations 4.49 4.34 4.49 5.38 3.03 4.04

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 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).

Area activity ratio Geographic area The company
Area asset turnover U.S. operations U.S. operations area asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Non-U.S. operations Non-U.S. operations area asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level.

Area Asset Turnover: U.S. operations

Walmart Inc.; U.S. operations; area asset turnover calculation

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
Selected Financial Data (US$ in millions)
Revenues 532,076 508,685 470,295 436,649 402,532 392,265
Long-lived assets 104,480 95,567 89,795 87,068 86,944 81,144
Area Activity Ratio
Area asset turnover1 5.09 5.32 5.24 5.02 4.63 4.83

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 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).

1 2024 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= 532,076 ÷ 104,480 = 5.09

Area activity ratio Geographic area The company
Area asset turnover U.S. operations U.S. operations area asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Area Asset Turnover: Non-U.S. operations

Walmart Inc.; Non-U.S. operations; area asset turnover calculation

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
Selected Financial Data (US$ in millions)
Revenues 116,049 102,604 102,459 122,502 121,432 122,140
Long-lived assets 25,858 23,667 22,829 22,780 40,105 30,251
Area Activity Ratio
Area asset turnover1 4.49 4.34 4.49 5.38 3.03 4.04

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 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).

1 2024 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= 116,049 ÷ 25,858 = 4.49

Area activity ratio Geographic area The company
Area asset turnover Non-U.S. operations Non-U.S. operations area asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level.

Revenues

Walmart Inc., revenues by geographic area

US$ in millions

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
U.S. operations 532,076 508,685 470,295 436,649 402,532 392,265
Non-U.S. operations 116,049 102,604 102,459 122,502 121,432 122,140
Total 648,125 611,289 572,754 559,151 523,964 514,405

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 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).


Long-lived assets

Walmart Inc., long-lived assets by geographic area

US$ in millions

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
U.S. operations 104,480 95,567 89,795 87,068 86,944 81,144
Non-U.S. operations 25,858 23,667 22,829 22,780 40,105 30,251
Total 130,338 119,234 112,624 109,848 127,049 111,395

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 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).