Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Air Products & Chemicals Inc. (NYSE:APD)

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Analysis of Property, Plant and Equipment

Advanced level

Property, Plant and Equipment Disclosure

Air Products & Chemicals Inc., balance sheet: property, plant and equipment

US$ in thousands

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
Land
Buildings
Production facilities
Distribution and other machinery and equipment
Construction in progress
Plant and equipment, at cost
Accumulated depreciation
Plant and equipment, net

Based on: 10-K (filing date: 2020-11-19), 10-K (filing date: 2019-11-26), 10-K (filing date: 2018-11-20), 10-K (filing date: 2017-11-16), 10-K (filing date: 2016-11-21), 10-K (filing date: 2015-11-24).

Item Description The company
Plant and equipment, at cost Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Air Products & Chemicals Inc.’s plant and equipment, at cost increased from 2018 to 2019 and from 2019 to 2020.
Plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Air Products & Chemicals Inc.’s plant and equipment, net increased from 2018 to 2019 and from 2019 to 2020.

Asset Age Ratios (Summary)

Air Products & Chemicals Inc., asset age ratios

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
Average age ratio
Estimated total useful life (years)
Estimated age, time elapsed since purchase (years)
Estimated remaining life (years)

Based on: 10-K (filing date: 2020-11-19), 10-K (filing date: 2019-11-26), 10-K (filing date: 2018-11-20), 10-K (filing date: 2017-11-16), 10-K (filing date: 2016-11-21), 10-K (filing date: 2015-11-24).

Asset age ratio Description The company
Average age ratio As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company’s fixed asset base is old or new. Newer assets are likely to be more efficient. Air Products & Chemicals Inc.’s average age ratio of depreciable property, plant and equipment improved from 2018 to 2019 and from 2019 to 2020.
Estimated total useful life Over longer time periods, this ratio is a useful measure of company’s depreciation policy and can be used for comparisons with competitors. Air Products & Chemicals Inc.’s estimated total useful life of depreciable property, plant and equipment decreased from 2018 to 2019 but then slightly increased from 2019 to 2020.
Estimated time elapsed since purchase The approximate age in years of a company’s fixed assets. Useful for comparison purposes. Air Products & Chemicals Inc.’s estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020.
Estimated remaining life Air Products & Chemicals Inc.’s estimated remaining life of depreciable property, plant and equipment decreased from 2018 to 2019 but then increased from 2019 to 2020 not reaching 2018 level.

Average Age

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
Selected Financial Data (US$ in thousands)
Accumulated depreciation
Plant and equipment, at cost
Land
Asset Age Ratio
Average age1

Based on: 10-K (filing date: 2020-11-19), 10-K (filing date: 2019-11-26), 10-K (filing date: 2018-11-20), 10-K (filing date: 2017-11-16), 10-K (filing date: 2016-11-21), 10-K (filing date: 2015-11-24).

2020 Calculations

1 Average age = 100 × Accumulated depreciation ÷ (Plant and equipment, at cost – Land)
= 100 × ÷ ( – ) =

Asset age ratio Description The company
Average age As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company’s fixed asset base is old or new. Newer assets are likely to be more efficient. Air Products & Chemicals Inc.’s average age ratio of depreciable property, plant and equipment improved from 2018 to 2019 and from 2019 to 2020.

Estimated Total Useful Life

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
Selected Financial Data (US$ in thousands)
Plant and equipment, at cost
Land
Depreciation expense
Asset Age Ratio (Years)
Estimated total useful life1

Based on: 10-K (filing date: 2020-11-19), 10-K (filing date: 2019-11-26), 10-K (filing date: 2018-11-20), 10-K (filing date: 2017-11-16), 10-K (filing date: 2016-11-21), 10-K (filing date: 2015-11-24).

2020 Calculations

1 Estimated total useful life = (Plant and equipment, at cost – Land) ÷ Depreciation expense
= ( – ) ÷ =

Asset age ratio Description The company
Estimated total useful life Over longer time periods, this ratio is a useful measure of company’s depreciation policy and can be used for comparisons with competitors. Air Products & Chemicals Inc.’s estimated total useful life of depreciable property, plant and equipment decreased from 2018 to 2019 but then slightly increased from 2019 to 2020.

Estimated Age, Time Elapsed since Purchase

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
Selected Financial Data (US$ in thousands)
Accumulated depreciation
Depreciation expense
Asset Age Ratio (Years)
Time elapsed since purchase1

Based on: 10-K (filing date: 2020-11-19), 10-K (filing date: 2019-11-26), 10-K (filing date: 2018-11-20), 10-K (filing date: 2017-11-16), 10-K (filing date: 2016-11-21), 10-K (filing date: 2015-11-24).

2020 Calculations

1 Time elapsed since purchase = Accumulated depreciation ÷ Depreciation expense
= ÷ =

Asset age ratio Description The company
Estimated time elapsed since purchase The approximate age in years of a company’s fixed assets. Useful for comparison purposes. Air Products & Chemicals Inc.’s estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020.

Estimated Remaining Life

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
Selected Financial Data (US$ in thousands)
Plant and equipment, net
Land
Depreciation expense
Asset Age Ratio (Years)
Estimated remaining life1

Based on: 10-K (filing date: 2020-11-19), 10-K (filing date: 2019-11-26), 10-K (filing date: 2018-11-20), 10-K (filing date: 2017-11-16), 10-K (filing date: 2016-11-21), 10-K (filing date: 2015-11-24).

2020 Calculations

1 Estimated remaining life = (Plant and equipment, net – Land) ÷ Depreciation expense
= ( – ) ÷ =

Asset age ratio Description The company
Estimated remaining life Air Products & Chemicals Inc.’s estimated remaining life of depreciable property, plant and equipment decreased from 2018 to 2019 but then increased from 2019 to 2020 not reaching 2018 level.