Analysis of Geographic Areas
Eaton Corp. plc operates in 5 regions: United States; Canada; Latin America; Europe; and Asia Pacific.
Area Asset Turnover
Eaton Corp. plc, asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 7.94 | 7.88 | 6.82 | 6.65 | 6.77 |
| Canada | 30.61 | 30.16 | 31.88 | 30.28 | 39.21 |
| Latin America | 3.25 | 3.93 | 4.19 | 3.77 | 4.15 |
| Europe | 5.44 | 5.57 | 6.10 | 5.17 | 5.41 |
| Asia Pacific | 5.05 | 4.75 | 5.40 | 5.20 | 4.63 |
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 improved from 2021 to 2022 and from 2022 to 2023. |
| Canada | Canada area asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. | |
| Latin America | Latin America area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| Europe | Europe area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| Asia Pacific | Asia Pacific area asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Area Asset Turnover: United States
Eaton Corp. plc; 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 | 14,071) | 12,352) | 10,868) | 10,044) | 12,336) |
| Long-lived assets | 1,773) | 1,567) | 1,593) | 1,510) | 1,821) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 7.94 | 7.88 | 6.82 | 6.65 | 6.77 |
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
= 14,071 ÷ 1,773 = 7.94
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Canada
Eaton Corp. plc; Canada; 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 | 949) | 754) | 797) | 757) | 941) |
| Long-lived assets | 31) | 25) | 25) | 25) | 24) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 30.61 | 30.16 | 31.88 | 30.28 | 39.21 |
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
= 949 ÷ 31 = 30.61
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Canada | Canada area asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Area Asset Turnover: Latin America
Eaton Corp. plc; Latin America; 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 | 1,549) | 1,504) | 1,160) | 939) | 1,312) |
| Long-lived assets | 476) | 383) | 277) | 249) | 316) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 3.25 | 3.93 | 4.19 | 3.77 | 4.15 |
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
= 1,549 ÷ 476 = 3.25
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Latin America | Latin America area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Europe
Eaton Corp. plc; Europe; 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 | 4,339) | 3,957) | 4,276) | 3,818) | 4,311) |
| Long-lived assets | 797) | 711) | 701) | 738) | 797) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 5.44 | 5.57 | 6.10 | 5.17 | 5.41 |
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
= 4,339 ÷ 797 = 5.44
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Europe | Europe area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Asia Pacific
Eaton Corp. plc; Asia Pacific; 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 | 2,288) | 2,185) | 2,527) | 2,300) | 2,490) |
| Long-lived assets | 453) | 460) | 468) | 442) | 538) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 5.05 | 4.75 | 5.40 | 5.20 | 4.63 |
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
= 2,288 ÷ 453 = 5.05
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Asia Pacific | Asia Pacific area asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Net sales
Eaton Corp. plc, 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 | 14,071) | 12,352) | 10,868) | 10,044) | 12,336) |
| Canada | 949) | 754) | 797) | 757) | 941) |
| Latin America | 1,549) | 1,504) | 1,160) | 939) | 1,312) |
| Europe | 4,339) | 3,957) | 4,276) | 3,818) | 4,311) |
| Asia Pacific | 2,288) | 2,185) | 2,527) | 2,300) | 2,490) |
| Total | 23,196) | 20,752) | 19,628) | 17,858) | 21,390) |
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
Eaton Corp. plc, 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 | 1,773) | 1,567) | 1,593) | 1,510) | 1,821) |
| Canada | 31) | 25) | 25) | 25) | 24) |
| Latin America | 476) | 383) | 277) | 249) | 316) |
| Europe | 797) | 711) | 701) | 738) | 797) |
| Asia Pacific | 453) | 460) | 468) | 442) | 538) |
| Total | 3,530) | 3,146) | 3,064) | 2,964) | 3,496) |
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).