Analysis of Geographic Areas
Walgreens Boots Alliance Inc. operates in 4 regions: United States; United Kingdom; Europe, excluding the United Kingdom; and Other.
Area Asset Turnover
Walgreens Boots Alliance Inc., asset turnover by geographic area
| Aug 31, 2019 | Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 | Aug 31, 2015 | Aug 31, 2014 | |
|---|---|---|---|---|---|---|
| United States | 9.86 | 9.21 | 8.44 | 7.67 | 7.15 | 6.23 |
| United Kingdom | 5.89 | 5.41 | 5.02 | 5.39 | 3.26 | — |
| Europe, excluding the United Kingdom | 32.65 | 30.55 | 26.34 | 26.87 | 15.73 | — |
| Other | 13.18 | 11.33 | 11.87 | 15.29 | 10.13 | — |
Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019. |
| United Kingdom | United Kingdom area asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019. | |
| Europe, excluding the United Kingdom | Europe, excluding the United Kingdom area asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019. | |
| Other | Other area asset turnover ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level. |
Area Asset Turnover: United States
Walgreens Boots Alliance Inc.; United States; area asset turnover calculation
| Aug 31, 2019 | Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 | Aug 31, 2015 | Aug 31, 2014 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Sales | 104,532) | 98,392) | 87,302) | 83,802) | 80,974) | 76,392) |
| Long-lived assets | 10,598) | 10,678) | 10,344) | 10,924) | 11,327) | 12,257) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 9.86 | 9.21 | 8.44 | 7.67 | 7.15 | 6.23 |
Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31).
1 2019 Calculation
Area asset turnover = Sales ÷ Long-lived assets
= 104,532 ÷ 10,598 = 9.86
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019. |
Area Asset Turnover: United Kingdom
Walgreens Boots Alliance Inc.; United Kingdom; area asset turnover calculation
| Aug 31, 2019 | Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 | Aug 31, 2015 | Aug 31, 2014 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Sales | 12,729) | 13,297) | 12,552) | 14,081) | 9,235) | —) |
| Long-lived assets | 2,162) | 2,458) | 2,502) | 2,611) | 2,835) | —) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 5.89 | 5.41 | 5.02 | 5.39 | 3.26 | — |
Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31).
1 2019 Calculation
Area asset turnover = Sales ÷ Long-lived assets
= 12,729 ÷ 2,162 = 5.89
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United Kingdom | United Kingdom area asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019. |
Area Asset Turnover: Europe, excluding the United Kingdom
Walgreens Boots Alliance Inc.; Europe, excluding the United Kingdom; area asset turnover calculation
| Aug 31, 2019 | Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 | Aug 31, 2015 | Aug 31, 2014 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Sales | 17,009) | 17,594) | 16,224) | 16,793) | 11,402) | —) |
| Long-lived assets | 521) | 576) | 616) | 625) | 725) | —) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 32.65 | 30.55 | 26.34 | 26.87 | 15.73 | — |
Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31).
1 2019 Calculation
Area asset turnover = Sales ÷ Long-lived assets
= 17,009 ÷ 521 = 32.65
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Europe, excluding the United Kingdom | Europe, excluding the United Kingdom area asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019. |
Area Asset Turnover: Other
Walgreens Boots Alliance Inc.; Other; area asset turnover calculation
| Aug 31, 2019 | Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 | Aug 31, 2015 | Aug 31, 2014 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Sales | 2,596) | 2,254) | 2,136) | 2,675) | 1,833) | —) |
| Long-lived assets | 197) | 199) | 180) | 175) | 181) | —) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 13.18 | 11.33 | 11.87 | 15.29 | 10.13 | — |
Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31).
1 2019 Calculation
Area asset turnover = Sales ÷ Long-lived assets
= 2,596 ÷ 197 = 13.18
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other | Other area asset turnover ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level. |
Sales
Walgreens Boots Alliance Inc., sales by geographic area
US$ in millions
| Aug 31, 2019 | Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 | Aug 31, 2015 | Aug 31, 2014 | |
|---|---|---|---|---|---|---|
| United States | 104,532) | 98,392) | 87,302) | 83,802) | 80,974) | 76,392) |
| United Kingdom | 12,729) | 13,297) | 12,552) | 14,081) | 9,235) | —) |
| Europe, excluding the United Kingdom | 17,009) | 17,594) | 16,224) | 16,793) | 11,402) | —) |
| Other | 2,596) | 2,254) | 2,136) | 2,675) | 1,833) | —) |
| Total | 136,866) | 131,537) | 118,214) | 117,351) | 103,444) | 76,392) |
Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31).
Long-lived assets
Walgreens Boots Alliance Inc., long-lived assets by geographic area
US$ in millions
| Aug 31, 2019 | Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 | Aug 31, 2015 | Aug 31, 2014 | |
|---|---|---|---|---|---|---|
| United States | 10,598) | 10,678) | 10,344) | 10,924) | 11,327) | 12,257) |
| United Kingdom | 2,162) | 2,458) | 2,502) | 2,611) | 2,835) | —) |
| Europe, excluding the United Kingdom | 521) | 576) | 616) | 625) | 725) | —) |
| Other | 197) | 199) | 180) | 175) | 181) | —) |
| Total | 13,478) | 13,911) | 13,642) | 14,335) | 15,068) | 12,257) |
Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31).