Analysis of Geographic Areas
Linde plc operates in 8 regions: United States; China; Germany; United Kingdom; Australia; Mexico; Brazil; and Other, non-U.S..
Area Asset Turnover
Linde plc, asset turnover by geographic area
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| United States | 1.19 | 1.24 | 1.38 | 1.19 | 1.09 |
| China | 1.31 | 1.25 | 1.21 | 1.07 | 0.85 |
| Germany | 1.81 | 1.78 | 2.18 | 1.80 | 1.56 |
| United Kingdom | 2.31 | 2.20 | 2.78 | 1.91 | 1.21 |
| Australia | 2.36 | 1.99 | 1.99 | 1.50 | 0.97 |
| Mexico | 1.91 | 1.68 | 1.48 | — | — |
| Brazil | 1.71 | 1.56 | 1.61 | 1.51 | 1.12 |
| Other, non-U.S. | 1.20 | 1.21 | 1.19 | 0.98 | 0.73 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| China | China area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| Germany | Germany area asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. | |
| United Kingdom | United Kingdom area asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. | |
| Australia | Australia area asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. | |
| Mexico | Mexico area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| Brazil | Brazil area asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. | |
| Other, non-U.S. | Other, non-U.S. area asset turnover ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Area Asset Turnover: United States
Linde plc; United States; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales | 11,497) | 10,566) | 10,553) | 9,123) | 8,475) |
| Long-lived assets | 9,663) | 8,490) | 7,663) | 7,659) | 7,777) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.19 | 1.24 | 1.38 | 1.19 | 1.09 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area asset turnover = Sales ÷ Long-lived assets
= 11,497 ÷ 9,663 = 1.19
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Area Asset Turnover: China
Linde plc; China; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales | 2,649) | 2,585) | 2,643) | 2,562) | 2,061) |
| Long-lived assets | 2,022) | 2,063) | 2,176) | 2,385) | 2,413) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.31 | 1.25 | 1.21 | 1.07 | 0.85 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area asset turnover = Sales ÷ Long-lived assets
= 2,649 ÷ 2,022 = 1.31
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | China | China area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Area Asset Turnover: Germany
Linde plc; Germany; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales | 2,509) | 2,827) | 3,662) | 3,601) | 3,740) |
| Long-lived assets | 1,386) | 1,584) | 1,678) | 2,003) | 2,394) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.81 | 1.78 | 2.18 | 1.80 | 1.56 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area asset turnover = Sales ÷ Long-lived assets
= 2,509 ÷ 1,386 = 1.81
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Germany | Germany area asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Area Asset Turnover: United Kingdom
Linde plc; United Kingdom; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales | 1,540) | 1,507) | 1,954) | 2,060) | 1,595) |
| Long-lived assets | 668) | 684) | 704) | 1,078) | 1,313) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 2.31 | 2.20 | 2.78 | 1.91 | 1.21 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area asset turnover = Sales ÷ Long-lived assets
= 1,540 ÷ 668 = 2.31
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United Kingdom | United Kingdom area asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Area Asset Turnover: Australia
Linde plc; Australia; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales | 1,354) | 1,303) | 1,372) | 1,307) | 1,071) |
| Long-lived assets | 573) | 654) | 688) | 872) | 1,105) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 2.36 | 1.99 | 1.99 | 1.50 | 0.97 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area asset turnover = Sales ÷ Long-lived assets
= 1,354 ÷ 573 = 2.36
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Australia | Australia area asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Area Asset Turnover: Mexico
Linde plc; Mexico; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales | 1,346) | 1,292) | 1,044) | —) | —) |
| Long-lived assets | 704) | 768) | 707) | —) | —) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.91 | 1.68 | 1.48 | — | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area asset turnover = Sales ÷ Long-lived assets
= 1,346 ÷ 704 = 1.91
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Mexico | Mexico area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Area Asset Turnover: Brazil
Linde plc; Brazil; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales | 1,263) | 1,302) | 1,158) | 1,065) | 822) |
| Long-lived assets | 738) | 836) | 720) | 705) | 734) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.71 | 1.56 | 1.61 | 1.51 | 1.12 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area asset turnover = Sales ÷ Long-lived assets
= 1,263 ÷ 738 = 1.71
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Brazil | Brazil area asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Area Asset Turnover: Other, non-U.S.
Linde plc; Other, non-U.S.; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales | 10,847) | 11,472) | 10,978) | 11,075) | 9,479) |
| Long-lived assets | 9,021) | 9,473) | 9,212) | 11,301) | 12,975) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.20 | 1.21 | 1.19 | 0.98 | 0.73 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area asset turnover = Sales ÷ Long-lived assets
= 10,847 ÷ 9,021 = 1.20
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other, non-U.S. | Other, non-U.S. area asset turnover ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Sales
Linde plc, sales by geographic area
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| United States | 11,497) | 10,566) | 10,553) | 9,123) | 8,475) |
| China | 2,649) | 2,585) | 2,643) | 2,562) | 2,061) |
| Germany | 2,509) | 2,827) | 3,662) | 3,601) | 3,740) |
| United Kingdom | 1,540) | 1,507) | 1,954) | 2,060) | 1,595) |
| Australia | 1,354) | 1,303) | 1,372) | 1,307) | 1,071) |
| Mexico | 1,346) | 1,292) | 1,044) | —) | —) |
| Brazil | 1,263) | 1,302) | 1,158) | 1,065) | 822) |
| Other, non-U.S. | 10,847) | 11,472) | 10,978) | 11,075) | 9,479) |
| Total | 33,005) | 32,854) | 33,364) | 30,793) | 27,243) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Long-lived assets
Linde plc, long-lived assets by geographic area
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| United States | 9,663) | 8,490) | 7,663) | 7,659) | 7,777) |
| China | 2,022) | 2,063) | 2,176) | 2,385) | 2,413) |
| Germany | 1,386) | 1,584) | 1,678) | 2,003) | 2,394) |
| United Kingdom | 668) | 684) | 704) | 1,078) | 1,313) |
| Australia | 573) | 654) | 688) | 872) | 1,105) |
| Mexico | 704) | 768) | 707) | —) | —) |
| Brazil | 738) | 836) | 720) | 705) | 734) |
| Other, non-U.S. | 9,021) | 9,473) | 9,212) | 11,301) | 12,975) |
| Total | 24,775) | 24,552) | 23,548) | 26,003) | 28,711) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).