Stock Analysis on Net

Edwards Lifesciences Corp. (NYSE:EW)

This company has been moved to the archive! The financial data has not been updated since February 14, 2022.

Analysis of Geographic Areas

Microsoft Excel

Area Asset Turnover

Edwards Lifesciences Corp., asset turnover by geographic area

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
United States 2.48 2.32 2.98 3.20 3.13
Europe 6.01 5.05 9.27 24.18 29.26
Japan 26.85 22.55 20.49 59.22 46.09
Rest of World 1.64 1.40 1.59 1.80 2.48

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 United States United States area asset turnover ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
Europe Europe area asset turnover ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
Japan Japan area asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021.
Rest of World Rest of World area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Area Asset Turnover: United States

Edwards Lifesciences Corp.; United States; area asset turnover calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Net sales 2,963,100 2,516,800 2,532,700 2,055,300 1,907,600
Long-lived tangible assets 1,195,800 1,084,300 849,100 642,100 608,700
Area Activity Ratio
Area asset turnover1 2.48 2.32 2.98 3.20 3.13

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 ÷ Long-lived tangible assets
= 2,963,100 ÷ 1,195,800 = 2.48

Area activity ratio Geographic area The company
Area asset turnover United States United States area asset turnover ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Area Asset Turnover: Europe

Edwards Lifesciences Corp.; Europe; area asset turnover calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Net sales 1,190,300 973,600 941,200 885,100 831,000
Long-lived tangible assets 197,900 192,700 101,500 36,600 28,400
Area Activity Ratio
Area asset turnover1 6.01 5.05 9.27 24.18 29.26

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 ÷ Long-lived tangible assets
= 1,190,300 ÷ 197,900 = 6.01

Area activity ratio Geographic area The company
Area asset turnover Europe Europe area asset turnover ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Area Asset Turnover: Japan

Edwards Lifesciences Corp.; Japan; area asset turnover calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Net sales 528,900 460,100 444,700 396,800 350,300
Long-lived tangible assets 19,700 20,400 21,700 6,700 7,600
Area Activity Ratio
Area asset turnover1 26.85 22.55 20.49 59.22 46.09

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 ÷ Long-lived tangible assets
= 528,900 ÷ 19,700 = 26.85

Area activity ratio Geographic area The company
Area asset turnover Japan Japan area asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021.

Area Asset Turnover: Rest of World

Edwards Lifesciences Corp.; Rest of World; area asset turnover calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Net sales 550,200 435,800 429,400 385,600 346,400
Long-lived tangible assets 335,500 311,000 269,400 214,400 139,700
Area Activity Ratio
Area asset turnover1 1.64 1.40 1.59 1.80 2.48

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 ÷ Long-lived tangible assets
= 550,200 ÷ 335,500 = 1.64

Area activity ratio Geographic area The company
Area asset turnover Rest of World Rest of World area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Net sales

Edwards Lifesciences Corp., net sales by geographic area

US$ in thousands

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
United States 2,963,100 2,516,800 2,532,700 2,055,300 1,907,600
Europe 1,190,300 973,600 941,200 885,100 831,000
Japan 528,900 460,100 444,700 396,800 350,300
Rest of World 550,200 435,800 429,400 385,600 346,400
Total 5,232,500 4,386,300 4,348,000 3,722,800 3,435,300

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).


Long-lived tangible assets

Edwards Lifesciences Corp., long-lived tangible assets by geographic area

US$ in thousands

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
United States 1,195,800 1,084,300 849,100 642,100 608,700
Europe 197,900 192,700 101,500 36,600 28,400
Japan 19,700 20,400 21,700 6,700 7,600
Rest of World 335,500 311,000 269,400 214,400 139,700
Total 1,748,900 1,608,400 1,241,700 899,800 784,400

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).