Analysis of Geographic Areas
Boston Scientific Corp. operates in 2 regions: U.S. and International.
Area Asset Turnover
Boston Scientific Corp., asset turnover by geographic area
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| U.S. | 6.15 | 5.81 | 4.95 | 5.37 | 5.22 |
| International | 4.19 | 4.69 | 4.51 | 4.91 | 5.95 |
Based on: 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), 10-K (reporting date: 2018-12-31).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | U.S. | U.S. area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
| International | International area asset turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Area Asset Turnover: U.S.
Boston Scientific Corp.; U.S.; area asset turnover calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 7,632) | 6,911) | 5,701) | 6,167) | 5,538) |
| Property, plant and equipment, net | 1,241) | 1,190) | 1,151) | 1,148) | 1,061) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 6.15 | 5.81 | 4.95 | 5.37 | 5.22 |
Based on: 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), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Area asset turnover = Net sales ÷ Property, plant and equipment, net
= 7,632 ÷ 1,241 = 6.15
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | U.S. | U.S. area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Area Asset Turnover: International
Boston Scientific Corp.; International; area asset turnover calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 5,051) | 4,977) | 4,212) | 4,568) | 4,286) |
| Property, plant and equipment, net | 1,205) | 1,061) | 933) | 931) | 720) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 4.19 | 4.69 | 4.51 | 4.91 | 5.95 |
Based on: 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), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Area asset turnover = Net sales ÷ Property, plant and equipment, net
= 5,051 ÷ 1,205 = 4.19
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | International | International area asset turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Property, plant and equipment, net
Boston Scientific Corp., property, plant and equipment, net by geographic area
US$ in millions
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| U.S. | 1,241) | 1,190) | 1,151) | 1,148) | 1,061) |
| International | 1,205) | 1,061) | 933) | 931) | 720) |
| Total | 2,446) | 2,251) | 2,084) | 2,079) | 1,781) |
Based on: 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), 10-K (reporting date: 2018-12-31).
Net sales
Boston Scientific Corp., net sales by geographic area
US$ in millions
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| U.S. | 7,632) | 6,911) | 5,701) | 6,167) | 5,538) |
| International | 5,051) | 4,977) | 4,212) | 4,568) | 4,286) |
| Total | 12,683) | 11,888) | 9,913) | 10,735) | 9,824) |
Based on: 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), 10-K (reporting date: 2018-12-31).