Analysis of Geographic Areas
Biogen Inc. operates in 5 regions: U.S.; Europe; Germany; Asia; and Other.
Area Asset Turnover
Biogen Inc., asset turnover by geographic area
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| U.S. | 4.19 | 5.70 | 6.37 | 7.95 | 7.13 |
| Europe | 1.13 | 1.09 | 1.25 | 1.39 | 1.50 |
| Germany | 45.76 | 37.22 | 40.96 | — | — |
| Asia | 44.19 | 38.86 | 69.76 | 96.77 | 39.00 |
| Other | 28.88 | 56.82 | 52.46 | 284.11 | 197.95 |
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 | U.S. | U.S. area asset turnover ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
| Europe | Europe area asset turnover ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. | |
| Germany | Germany area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. | |
| Asia | Asia area asset turnover ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. | |
| Other | Other area asset turnover ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021. |
Area Asset Turnover: U.S.
Biogen Inc.; U.S.; 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) | |||||
| Revenues | 5,832,300) | 8,531,100) | 9,511,500) | 9,160,900) | 8,742,200) |
| Long-lived assets | 1,390,500) | 1,496,300) | 1,493,200) | 1,152,700) | 1,226,900) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 4.19 | 5.70 | 6.37 | 7.95 | 7.13 |
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 = Revenues ÷ Long-lived assets
= 5,832,300 ÷ 1,390,500 = 4.19
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | U.S. | U.S. area asset turnover ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
Area Asset Turnover: Europe
Biogen 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) | |||||
| Revenues | 2,635,700) | 2,503,400) | 2,678,000) | 3,403,200) | 2,913,200) |
| Long-lived assets | 2,337,800) | 2,290,200) | 2,135,400) | 2,442,800) | 1,948,200) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.13 | 1.09 | 1.25 | 1.39 | 1.50 |
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 = Revenues ÷ Long-lived assets
= 2,635,700 ÷ 2,337,800 = 1.13
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Europe | Europe area asset turnover ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. |
Area Asset Turnover: Germany
Biogen Inc.; Germany; 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) | |||||
| Revenues | 1,162,400) | 1,161,200) | 1,126,400) | —) | —) |
| Long-lived assets | 25,400) | 31,200) | 27,500) | —) | —) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 45.76 | 37.22 | 40.96 | — | — |
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 = Revenues ÷ Long-lived assets
= 1,162,400 ÷ 25,400 = 45.76
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Germany | Germany area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Area Asset Turnover: Asia
Biogen Inc.; Asia; 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) | |||||
| Revenues | 724,700) | 629,600) | 432,500) | 377,400) | 202,800) |
| Long-lived assets | 16,400) | 16,200) | 6,200) | 3,900) | 5,200) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 44.19 | 38.86 | 69.76 | 96.77 | 39.00 |
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 = Revenues ÷ Long-lived assets
= 724,700 ÷ 16,400 = 44.19
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Asia | Asia area asset turnover ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. |
Area Asset Turnover: Other
Biogen Inc.; Other; 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) | |||||
| Revenues | 626,600) | 619,300) | 629,500) | 511,400) | 415,700) |
| Long-lived assets | 21,700) | 10,900) | 12,000) | 1,800) | 2,100) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 28.88 | 56.82 | 52.46 | 284.11 | 197.95 |
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 = Revenues ÷ Long-lived assets
= 626,600 ÷ 21,700 = 28.88
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other | Other area asset turnover ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021. |
Revenues
Biogen Inc., revenues by geographic area
US$ in thousands
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| U.S. | 5,832,300) | 8,531,100) | 9,511,500) | 9,160,900) | 8,742,200) |
| Europe | 2,635,700) | 2,503,400) | 2,678,000) | 3,403,200) | 2,913,200) |
| Germany | 1,162,400) | 1,161,200) | 1,126,400) | —) | —) |
| Asia | 724,700) | 629,600) | 432,500) | 377,400) | 202,800) |
| Other | 626,600) | 619,300) | 629,500) | 511,400) | 415,700) |
| Total | 10,981,700) | 13,444,600) | 14,377,900) | 13,452,900) | 12,273,900) |
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
Biogen Inc., long-lived assets by geographic area
US$ in thousands
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| U.S. | 1,390,500) | 1,496,300) | 1,493,200) | 1,152,700) | 1,226,900) |
| Europe | 2,337,800) | 2,290,200) | 2,135,400) | 2,442,800) | 1,948,200) |
| Germany | 25,400) | 31,200) | 27,500) | —) | —) |
| Asia | 16,400) | 16,200) | 6,200) | 3,900) | 5,200) |
| Other | 21,700) | 10,900) | 12,000) | 1,800) | 2,100) |
| Total | 3,791,800) | 3,844,800) | 3,674,300) | 3,601,200) | 3,182,400) |
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).