Stock Analysis on Net

Fortinet Inc. (NASDAQ:FTNT)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 8, 2023.

Analysis of Geographic Areas

Microsoft Excel

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Area Asset Turnover

Fortinet Inc., asset turnover by geographic area

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Americas
Europe, Middle East and Africa (EMEA)
Asia Pacific (APAC)

Based on: 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), 10-K (reporting date: 2018-12-31).

Area activity ratio Geographic area The company
Area asset turnover Americas Americas area asset turnover ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.
Europe, Middle East and Africa (EMEA) Europe, Middle East and Africa (EMEA) area asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level.
Asia Pacific (APAC) Asia Pacific (APAC) area asset turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Area Asset Turnover: Americas

Fortinet Inc.; Americas; area asset turnover calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Revenue
Property and equipment, net
Area Activity Ratio
Area asset turnover1

Based on: 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), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Area asset turnover = Revenue ÷ Property and equipment, net
= ÷ =

Area activity ratio Geographic area The company
Area asset turnover Americas Americas area asset turnover ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.

Area Asset Turnover: Europe, Middle East and Africa (EMEA)

Fortinet Inc.; Europe, Middle East and Africa (EMEA); area asset turnover calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Revenue
Property and equipment, net
Area Activity Ratio
Area asset turnover1

Based on: 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), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Area asset turnover = Revenue ÷ Property and equipment, net
= ÷ =

Area activity ratio Geographic area The company
Area asset turnover Europe, Middle East and Africa (EMEA) Europe, Middle East and Africa (EMEA) area asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level.

Area Asset Turnover: Asia Pacific (APAC)

Fortinet Inc.; Asia Pacific (APAC); area asset turnover calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Revenue
Property and equipment, net
Area Activity Ratio
Area asset turnover1

Based on: 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), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Area asset turnover = Revenue ÷ Property and equipment, net
= ÷ =

Area activity ratio Geographic area The company
Area asset turnover Asia Pacific (APAC) Asia Pacific (APAC) area asset turnover ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Revenue

Fortinet Inc., revenue by geographic area

US$ in thousands

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
United States
Other Americas
Americas
Europe, Middle East and Africa (EMEA)
Asia Pacific (APAC)
Total

Based on: 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), 10-K (reporting date: 2018-12-31).


Property and equipment, net

Fortinet Inc., property and equipment, net by geographic area

US$ in thousands

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
United States
Other Americas
Americas
Europe, Middle East and Africa (EMEA)
Asia Pacific (APAC)
Total

Based on: 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), 10-K (reporting date: 2018-12-31).