Analysis of Geographic Areas
Walgreens Boots Alliance Inc. operates in 4 regions: United States; United Kingdom; Europe, excluding the United Kingdom; and Other.
Paying user area
Try for free
Walgreens Boots Alliance Inc. pages available for free this week:
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Income Statement
- Enterprise Value to EBITDA (EV/EBITDA)
- Operating Profit Margin since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Walgreens Boots Alliance Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
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 | ||||||
| United Kingdom | ||||||
| Europe, excluding the United Kingdom | ||||||
| Other |
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).
- United States
- The asset turnover ratio for the United States shows a consistent upward trend over the six-year period. Starting at 6.23 in 2014, the ratio steadily increased each year, reaching 9.86 in 2019. This represents a significant improvement in asset utilization in this geographic area, indicating enhanced efficiency or increased sales relative to assets.
- United Kingdom
- Data for the United Kingdom begins from 2015 with a ratio of 3.26. The ratio rose markedly in 2016 to 5.39 but experienced a slight decline in 2017 to 5.02. Following this dip, the ratio resumed its upward movement, climbing to 5.41 in 2018 and further to 5.89 in 2019. Overall, the UK shows growth with some fluctuation mid-period, suggesting occasional variability in asset productivity.
- Europe, excluding the United Kingdom
- Starting from 2015, this region exhibits a strong upward trajectory in asset turnover, beginning at 15.73 and reaching 32.65 by 2019. Although there was a slight decline from 26.87 in 2016 to 26.34 in 2017, the overall trend is significantly positive, demonstrating substantially increasing efficiency and asset utilization in this area across the period.
- Other
- The 'Other' category shows initial growth from 10.13 in 2015 to 15.29 in 2016, but then experiences a decline to 11.87 in 2017, continuing to decrease slightly to 11.33 in 2018 before rising again to 13.18 in 2019. This pattern indicates some volatility and less consistent asset turnover performance compared to other regions, though the final value in 2019 still surpasses the 2015 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 | ||||||
| Long-lived assets | ||||||
| Area Activity Ratio | ||||||
| Area asset turnover1 | ||||||
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
= ÷ =
The data for the United States geographic area exhibits notable trends over the six-year period ending in 2019.
- Sales
- Sales showed a consistent upward trajectory from 2014 through 2019. Beginning at $76,392 million in 2014, sales increased annually, reaching $104,532 million by 2019. The growth rate accelerated particularly after 2017, with a marked jump from $87,302 million in 2017 to $98,392 million in 2018, and further to $104,532 million in 2019. This indicates expanding revenue generation in the U.S. market over the period.
- Long-lived assets
- The value of long-lived assets showed a declining trend from 2014 to 2017, decreasing from $12,257 million in 2014 to $10,344 million in 2017. This reduction stabilized somewhat in the final two years, with minor fluctuations to $10,678 million in 2018 and $10,598 million in 2019. The overall decline suggests either asset disposals, depreciation exceeding reinvestment, or changes in asset management strategy over these years.
- Area asset turnover
- Area asset turnover, which measures efficiency in using long-lived assets to generate sales, exhibited steady improvement each year. Starting at 6.23 in 2014, the ratio grew progressively to 9.86 in 2019. This consistent increase suggests enhanced productivity or more effective utilization of long-lived assets in generating higher sales, reflecting operational efficiencies or strategic asset management.
In summary, the U.S. segment demonstrated growing sales alongside a contraction in long-lived asset values, which resulted in steadily improving asset turnover ratios. This combination points to more efficient use of assets in driving revenue growth during the observed timeframe.
Area Asset Turnover: United Kingdom
Walgreens Boots Alliance Inc.; United Kingdom; area asset turnover calculation
| Aug 31, 2019 | Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 | Aug 31, 2015 | Aug 31, 2014 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Sales | ||||||
| Long-lived assets | ||||||
| Area Activity Ratio | ||||||
| Area asset turnover1 | ||||||
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
= ÷ =
- Sales
- Sales figures show initial growth from 9,235 million US dollars in 2015 to a peak of 14,081 million US dollars in 2016. Following this peak, sales declined to 12,552 million in 2017, then partially recovered to 13,297 million in 2018 before decreasing again to 12,729 million in 2019. Overall, the sales trend indicates volatility with no sustained upward momentum after 2016.
- Long-lived assets
- The value of long-lived assets decreased steadily from 2,835 million US dollars in 2015 to 2,162 million in 2019. This represents a reduction of approximately 24% over the five-year period, indicating possible asset disposals, impairments, or depreciation outpacing asset additions in the geographic area.
- Area asset turnover
- The area asset turnover ratio experienced a notable increase from 3.26 times in 2015 to 5.89 times in 2019. Although there was a slight decline between 2016 and 2017, the overall upward trend suggests improved efficiency in generating sales from long-lived assets within the geographic segment. This improvement in asset utilization appears to be driven by both increasing sales in some years and a continuous decline in the asset base.
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 | ||||||
| Long-lived assets | ||||||
| Area Activity Ratio | ||||||
| Area asset turnover1 | ||||||
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
= ÷ =
- Sales
- Sales in the Europe, excluding the United Kingdom, geographic area showed a general upward trend from 2015 to 2018, increasing from 11,402 million US dollars in 2015 to a peak of 17,594 million US dollars in 2018. However, there was a slight decline in 2019, with sales decreasing to 17,009 million US dollars.
- Long-lived assets
- Long-lived assets exhibited a steady decrease throughout the period from 725 million US dollars in 2015 to 521 million US dollars in 2019. This decline suggests a reduction in the company's investment or holding in fixed assets in this region over time.
- Area asset turnover
- The area asset turnover ratio demonstrated a consistent improvement each year, rising from 15.73 in 2015 to 32.65 in 2019. This indicates enhanced efficiency in utilizing assets to generate sales, with the ratio more than doubling over the observed period.
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 | ||||||
| Long-lived assets | ||||||
| Area Activity Ratio | ||||||
| Area asset turnover1 | ||||||
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
= ÷ =
- Sales Trend
- Sales in the "Other" geographic area exhibited considerable fluctuation over the analyzed period. Starting at 1,833 million US dollars in 2015, sales rose sharply to 2,675 million US dollars in 2016. This was followed by a decline to 2,136 million US dollars in 2017, after which sales experienced modest recovery, reaching 2,254 million US dollars in 2018 and further increasing to 2,596 million US dollars in 2019. Overall, sales demonstrated an upward trend from 2015 to 2019, despite the dip in 2017.
- Long-lived Assets
- The value of long-lived assets remained relatively stable throughout the period. Beginning at 181 million US dollars in 2015, the figure showed a slight decline to 175 million in 2016, then a moderate increase to 180 million in 2017. This upward trend continued with growth to 199 million in 2018, before a minor reduction to 197 million in 2019. The values indicate a largely consistent investment in long-lived assets within this geographic area over the years analyzed.
- Area Asset Turnover Ratio
- The area asset turnover ratio showed significant variation, indicative of fluctuating efficiency in utilizing assets to generate sales. The ratio climbed steeply to 15.29 in 2016 from 10.13 in 2015, marking a period of increased asset productivity. Subsequently, the ratio declined to 11.87 in 2017 and further to 11.33 in 2018, suggesting a reduction in operational efficiency. By 2019, the ratio recovered somewhat to 13.18, indicating improved asset utilization compared to the previous two years but still below the 2016 peak.
- Overall Insights
- The data reveals that sales and asset turnover experienced notable volatility, with asset turnover peaking alongside sales in 2016 before both metrics declined and somewhat rebounded towards 2019. Long-lived assets investment remained stable, implying consistent capital support despite fluctuations in sales and asset efficiency. The patterns suggest episodic changes in market conditions or operational effectiveness influencing performance in this geographic area.
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 | ||||||
| United Kingdom | ||||||
| Europe, excluding the United Kingdom | ||||||
| Other | ||||||
| Total |
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).
- United States Sales
- Sales in the United States demonstrate a consistent upward trend throughout the observed periods. Starting at $76,392 million in 2014, revenue rose steadily each year, reaching $104,532 million by 2019. This indicates robust growth, with a notable acceleration from 2017 onward, reflecting strong performance in the domestic market.
- United Kingdom Sales
- The sales figures for the United Kingdom show variability over the years. Data begins in 2015 with $9,235 million, rising significantly to $14,081 million in 2016, indicating a strong increase. However, this was followed by a decline in 2017 to $12,552 million, then a modest recovery to $13,297 million in 2018, before a slight drop again to $12,729 million in 2019. This pattern suggests some volatility in the UK market during the period.
- Europe, Excluding the United Kingdom Sales
- Sales in Europe excluding the United Kingdom reveal growth initially, from $11,402 million in 2015 to $16,793 million in 2016. The figures then exhibit minor fluctuations with a decrease to $16,224 million in 2017, followed by a rise to $17,594 million in 2018 and a slight fall to $17,009 million in 2019. The trend reflects modest growth with some instability toward the end of the period.
- Other Regions Sales
- The category encompassing other geographic areas shows a generally positive trend. Starting at $1,833 million in 2015, sales peaked at $2,675 million in 2016, experienced a decline in 2017 to $2,136 million, then gradually increased again to $2,596 million by 2019. This suggests moderate growth with periods of fluctuation.
- Total Sales
- Total sales exhibit consistent growth, increasing from $76,392 million in 2014 to $136,866 million in 2019. The most significant increases occurred between 2015 and 2016, and again between 2017 and 2018, reflecting expansion across multiple regions. The overall upward trajectory confirms the company’s increasing global sales footprint over the six-year timeframe.
Long-lived assets
Walgreens Boots Alliance Inc., long-lived assets by geographic area
US$ in millions
| Aug 31, 2019 | Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 | Aug 31, 2015 | Aug 31, 2014 | |
|---|---|---|---|---|---|---|
| United States | ||||||
| United Kingdom | ||||||
| Europe, excluding the United Kingdom | ||||||
| Other | ||||||
| Total |
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).
The analysis of the annual geographic area long-lived assets reveals distinct trends in various regions over the six-year period ending August 31, 2019. The data highlights shifts in asset allocation and possible strategic adjustments across the United States, the United Kingdom, Europe excluding the United Kingdom, and other regions.
- United States
- The value of long-lived assets in the United States displayed a steady decline from 12,257 million US dollars in 2014 to 10,598 million US dollars in 2019. This represents an overall decrease of approximately 13.6%. The decline was consistent year-over-year, with a notable drop between 2016 and 2017. Despite slight fluctuations in the final two years, the general trend indicates a gradual reduction in asset holdings within this region.
- United Kingdom
- The United Kingdom's long-lived assets began being reported in 2015, with a value of 2,835 million US dollars, which decreased steadily to 2,162 million US dollars by 2019. This downward trajectory, amounting to about a 23.8% reduction over the five years, suggests a persistent contraction or divestiture of assets in this region. The decline was consistent year-over-year without any significant recoveries.
- Europe, excluding the United Kingdom
- Within Europe excluding the United Kingdom, long-lived assets showed a decreasing pattern from 725 million US dollars in 2015 to 521 million US dollars in 2019. This represents a decline of approximately 28.1%, with relatively stable year-over-year decreases. This trend may indicate a strategic reduction or optimization of asset investments in this geographic segment.
- Other
- The category labeled as "Other" exhibited minor fluctuations, starting at 181 million US dollars in 2015, dipping to 175 million, then slightly increasing to 199 million in 2018, before slightly decreasing again to 197 million US dollars in 2019. Although the variation is relatively small, the data suggests some degree of asset reallocation or variability in less defined regions.
- Total
- The total long-lived assets across all regions grew sharply from 12,257 million US dollars in 2014 to a peak of 15,068 million US dollars in 2015. Following this peak, there was a consistent decrease each subsequent year, falling to 13,478 million US dollars by 2019. This overall trend after 2015 reflects an approximate 10.5% reduction, indicating a retreat from peak asset levels, likely driven by declines in all geographic categories except for minor variability in "Other".