Analysis of Geographic Areas
Abbott Laboratories operates in 2 regions: United States and Other countries.
Area Asset Turnover
Abbott Laboratories, asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 1.74 | 2.36 | 2.45 | 2.13 | 2.23 |
| Other countries | 3.38 | 3.92 | 4.20 | 3.85 | 4.02 |
Based on: 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), 10-K (reporting date: 2019-12-31).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
| Other countries | Other countries area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: United States
Abbott Laboratories; United States; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 15,452) | 18,142) | 16,642) | 13,022) | 11,398) |
| Long-lived assets | 8,900) | 7,700) | 6,800) | 6,100) | 5,100) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.74 | 2.36 | 2.45 | 2.13 | 2.23 |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Area asset turnover = Net sales ÷ Long-lived assets
= 15,452 ÷ 8,900 = 1.74
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Other countries
Abbott Laboratories; Other countries; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 24,657) | 25,511) | 26,433) | 21,586) | 20,506) |
| Long-lived assets | 7,300) | 6,500) | 6,300) | 5,600) | 5,100) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 3.38 | 3.92 | 4.20 | 3.85 | 4.02 |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Area asset turnover = Net sales ÷ Long-lived assets
= 24,657 ÷ 7,300 = 3.38
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other countries | Other countries area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Net sales
Abbott Laboratories, net sales by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 15,452) | 18,142) | 16,642) | 13,022) | 11,398) |
| Other countries | 24,657) | 25,511) | 26,433) | 21,586) | 20,506) |
| Consolidated | 40,109) | 43,653) | 43,075) | 34,608) | 31,904) |
Based on: 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), 10-K (reporting date: 2019-12-31).
Long-lived assets
Abbott Laboratories, long-lived assets by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 8,900) | 7,700) | 6,800) | 6,100) | 5,100) |
| Other countries | 7,300) | 6,500) | 6,300) | 5,600) | 5,100) |
| Consolidated | 16,200) | 14,200) | 13,100) | 11,700) | 10,200) |
Based on: 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), 10-K (reporting date: 2019-12-31).