Analysis of Geographic Areas
Ecolab Inc. operates in 7 regions: United States; Europe; Asia Pacific; Latin America; Greater China; India, Middle East and Africa; and Canada.
Area Asset Turnover
Ecolab Inc., asset turnover by geographic area
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| United States | 2.73 | 0.91 | 0.87 | 0.84 | 0.83 |
| Europe | 4.89 | 0.87 | 1.09 | 1.13 | 1.01 |
| Asia Pacific | 4.81 | 1.29 | 1.23 | 1.23 | 1.16 |
| Latin America | 5.54 | 1.56 | 1.77 | 1.60 | 1.47 |
| Greater China | 3.30 | 0.42 | 0.45 | 0.43 | 0.37 |
| India, Middle East and Africa | 7.00 | 2.19 | 2.29 | 2.35 | 2.11 |
| Canada | 5.49 | 3.78 | 1.08 | 1.11 | 0.99 |
Based on: 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), 10-K (reporting date: 2017-12-31).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
| Europe | Europe area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. | |
| Asia Pacific | Asia Pacific area asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. | |
| Latin America | Latin America area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. | |
| Greater China | Greater China area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. | |
| India, Middle East and Africa | India, Middle East and Africa area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. | |
| Canada | Canada area asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
Area Asset Turnover: United States
Ecolab Inc.; United States; area asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net sales | 6,585,200) | 6,118,200) | 7,983,300) | 7,748,200) | 7,324,500) |
| Long-lived assets, net | 2,416,400) | 6,739,400) | 9,223,600) | 9,175,400) | 8,853,700) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 2.73 | 0.91 | 0.87 | 0.84 | 0.83 |
Based on: 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), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Area asset turnover = Net sales ÷ Long-lived assets, net
= 6,585,200 ÷ 2,416,400 = 2.73
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
Area Asset Turnover: Europe
Ecolab Inc.; Europe; area asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net sales | 2,841,000) | 2,650,100) | 2,888,800) | 2,858,300) | 2,652,200) |
| Long-lived assets, net | 580,700) | 3,062,000) | 2,641,600) | 2,538,700) | 2,623,800) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 4.89 | 0.87 | 1.09 | 1.13 | 1.01 |
Based on: 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), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Area asset turnover = Net sales ÷ Long-lived assets, net
= 2,841,000 ÷ 580,700 = 4.89
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Europe | Europe area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Area Asset Turnover: Asia Pacific
Ecolab Inc.; Asia Pacific; area asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net sales | 1,141,200) | 1,088,500) | 1,252,400) | 1,239,100) | 1,184,900) |
| Long-lived assets, net | 237,100) | 846,100) | 1,015,100) | 1,003,400) | 1,022,500) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 4.81 | 1.29 | 1.23 | 1.23 | 1.16 |
Based on: 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), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Area asset turnover = Net sales ÷ Long-lived assets, net
= 1,141,200 ÷ 237,100 = 4.81
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Asia Pacific | Asia Pacific area asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
Area Asset Turnover: Latin America
Ecolab Inc.; Latin America; area asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net sales | 763,300) | 689,500) | 924,300) | 906,300) | 892,800) |
| Long-lived assets, net | 137,900) | 443,000) | 522,400) | 565,800) | 605,800) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 5.54 | 1.56 | 1.77 | 1.60 | 1.47 |
Based on: 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), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Area asset turnover = Net sales ÷ Long-lived assets, net
= 763,300 ÷ 137,900 = 5.54
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Latin America | Latin America area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Area Asset Turnover: Greater China
Ecolab Inc.; Greater China; area asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net sales | 615,800) | 515,800) | 523,200) | 519,200) | 483,700) |
| Long-lived assets, net | 186,400) | 1,226,500) | 1,163,100) | 1,194,600) | 1,301,000) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 3.30 | 0.42 | 0.45 | 0.43 | 0.37 |
Based on: 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), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Area asset turnover = Net sales ÷ Long-lived assets, net
= 615,800 ÷ 186,400 = 3.30
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Greater China | Greater China area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Area Asset Turnover: India, Middle East and Africa
Ecolab Inc.; India, Middle East and Africa; area asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net sales | 421,700) | 390,600) | 685,800) | 709,500) | 655,700) |
| Long-lived assets, net | 60,200) | 178,500) | 299,200) | 302,100) | 310,100) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 7.00 | 2.19 | 2.29 | 2.35 | 2.11 |
Based on: 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), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Area asset turnover = Net sales ÷ Long-lived assets, net
= 421,700 ÷ 60,200 = 7.00
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | India, Middle East and Africa | India, Middle East and Africa area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Area Asset Turnover: Canada
Ecolab Inc.; Canada; area asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net sales | 364,900) | 337,500) | 648,500) | 687,600) | 644,500) |
| Long-lived assets, net | 66,500) | 89,300) | 598,100) | 616,800) | 649,100) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 5.49 | 3.78 | 1.08 | 1.11 | 0.99 |
Based on: 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), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Area asset turnover = Net sales ÷ Long-lived assets, net
= 364,900 ÷ 66,500 = 5.49
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Canada | Canada area asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
Net sales
Ecolab Inc., net sales by geographic area
US$ in thousands
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| United States | 6,585,200) | 6,118,200) | 7,983,300) | 7,748,200) | 7,324,500) |
| Europe | 2,841,000) | 2,650,100) | 2,888,800) | 2,858,300) | 2,652,200) |
| Asia Pacific | 1,141,200) | 1,088,500) | 1,252,400) | 1,239,100) | 1,184,900) |
| Latin America | 763,300) | 689,500) | 924,300) | 906,300) | 892,800) |
| Greater China | 615,800) | 515,800) | 523,200) | 519,200) | 483,700) |
| India, Middle East and Africa | 421,700) | 390,600) | 685,800) | 709,500) | 655,700) |
| Canada | 364,900) | 337,500) | 648,500) | 687,600) | 644,500) |
| Total | 12,733,100) | 11,790,200) | 14,906,300) | 14,668,200) | 13,838,300) |
Based on: 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), 10-K (reporting date: 2017-12-31).
Long-lived assets, net
Ecolab Inc., long-lived assets, net by geographic area
US$ in thousands
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| United States | 2,416,400) | 6,739,400) | 9,223,600) | 9,175,400) | 8,853,700) |
| Europe | 580,700) | 3,062,000) | 2,641,600) | 2,538,700) | 2,623,800) |
| Asia Pacific | 237,100) | 846,100) | 1,015,100) | 1,003,400) | 1,022,500) |
| Latin America | 137,900) | 443,000) | 522,400) | 565,800) | 605,800) |
| Greater China | 186,400) | 1,226,500) | 1,163,100) | 1,194,600) | 1,301,000) |
| India, Middle East and Africa | 60,200) | 178,500) | 299,200) | 302,100) | 310,100) |
| Canada | 66,500) | 89,300) | 598,100) | 616,800) | 649,100) |
| Total | 3,685,200) | 12,584,800) | 15,463,100) | 15,396,800) | 15,366,000) |
Based on: 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), 10-K (reporting date: 2017-12-31).