Analysis of Geographic Areas
3M Co. operates in 3 regions: Americas; Asia Pacific; and Europe, Middle East and Africa.
Area Asset Turnover
3M Co., asset turnover by geographic area
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Americas | 3.09 | 2.87 | 2.75 | 2.96 | 2.85 |
| Asia Pacific | 6.70 | 5.76 | 5.98 | 6.31 | 5.87 |
| Europe, Middle East and Africa | 3.36 | 3.04 | 3.42 | 3.80 | 3.59 |
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 | Americas | Americas area asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
| Asia Pacific | Asia Pacific area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. | |
| Europe, Middle East and Africa | Europe, Middle East and Africa area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. |
Area Asset Turnover: Americas
3M Co.; Americas; area asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 18,097) | 16,525) | 16,124) | 15,864) | 15,405) |
| Property, plant and equipment, net | 5,864) | 5,752) | 5,873) | 5,363) | 5,396) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 3.09 | 2.87 | 2.75 | 2.96 | 2.85 |
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 ÷ Property, plant and equipment, net
= 18,097 ÷ 5,864 = 3.09
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Americas | Americas area asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
Area Asset Turnover: Asia Pacific
3M Co.; 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 millions) | |||||
| Net sales | 10,600) | 9,569) | 9,796) | 10,254) | 9,809) |
| Property, plant and equipment, net | 1,582) | 1,662) | 1,637) | 1,624) | 1,672) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 6.70 | 5.76 | 5.98 | 6.31 | 5.87 |
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 ÷ Property, plant and equipment, net
= 10,600 ÷ 1,582 = 6.70
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Asia Pacific | Asia Pacific area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Area Asset Turnover: Europe, Middle East and Africa
3M Co.; Europe, 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 millions) | |||||
| Net sales | 6,660) | 6,109) | 6,226) | 6,654) | 6,456) |
| Property, plant and equipment, net | 1,983) | 2,007) | 1,823) | 1,751) | 1,798) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 3.36 | 3.04 | 3.42 | 3.80 | 3.59 |
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 ÷ Property, plant and equipment, net
= 6,660 ÷ 1,983 = 3.36
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Europe, Middle East and Africa | Europe, Middle East and Africa area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. |
Net sales
3M Co., net sales by geographic area
US$ in millions
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Americas | 18,097) | 16,525) | 16,124) | 15,864) | 15,405) |
| Asia Pacific | 10,600) | 9,569) | 9,796) | 10,254) | 9,809) |
| Europe, Middle East and Africa | 6,660) | 6,109) | 6,226) | 6,654) | 6,456) |
| Other Unallocated | (2) | (19) | (10) | (7) | (13) |
| Worldwide | 35,355) | 32,184) | 32,136) | 32,765) | 31,657) |
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).
Property, plant and equipment, net
3M Co., property, plant and equipment, net by geographic area
US$ in millions
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Americas | 5,864) | 5,752) | 5,873) | 5,363) | 5,396) |
| Asia Pacific | 1,582) | 1,662) | 1,637) | 1,624) | 1,672) |
| Europe, Middle East and Africa | 1,983) | 2,007) | 1,823) | 1,751) | 1,798) |
| Worldwide | 9,429) | 9,421) | 9,333) | 8,738) | 8,866) |
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).