Analysis of Geographic Areas
Johnson & Johnson operates in 4 regions: United States; Europe; Western Hemisphere excluding U.S.; and Asia-Pacific, Africa.
Area Asset Turnover
Johnson & Johnson, asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 29, 2019 | |
|---|---|---|---|---|---|
| United States | 0.85 | 0.73 | 0.97 | 0.86 | 1.01 |
| Europe | 0.65 | 0.60 | 0.55 | 0.38 | 0.38 |
| Western Hemisphere excluding U.S. | 3.05 | 2.24 | 2.12 | 1.95 | 2.08 |
| Asia-Pacific, Africa | 9.17 | 3.79 | 3.43 | 2.76 | 2.84 |
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: 2019-12-29).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
| Europe | Europe area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Western Hemisphere excluding U.S. | Western Hemisphere excluding U.S. area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Asia-Pacific, Africa | Asia-Pacific, Africa area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: United States
Johnson & Johnson; United States; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 29, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales to customers | 46,444) | 48,580) | 47,156) | 43,133) | 42,097) |
| Long-lived assets | 54,832) | 66,283) | 48,586) | 49,951) | 41,528) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.85 | 0.73 | 0.97 | 0.86 | 1.01 |
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: 2019-12-29).
1 2023 Calculation
Area asset turnover = Sales to customers ÷ Long-lived assets
= 46,444 ÷ 54,832 = 0.85
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Area Asset Turnover: Europe
Johnson & Johnson; Europe; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 29, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales to customers | 20,410) | 23,449) | 23,594) | 18,980) | 18,466) |
| Long-lived assets | 31,616) | 38,774) | 43,257) | 49,363) | 48,015) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.65 | 0.60 | 0.55 | 0.38 | 0.38 |
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: 2019-12-29).
1 2023 Calculation
Area asset turnover = Sales to customers ÷ Long-lived assets
= 20,410 ÷ 31,616 = 0.65
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Europe | Europe area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Western Hemisphere excluding U.S.
Johnson & Johnson; Western Hemisphere excluding U.S.; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 29, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales to customers | 4,549) | 6,125) | 5,750) | 5,335) | 5,941) |
| Long-lived assets | 1,491) | 2,737) | 2,708) | 2,734) | 2,862) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 3.05 | 2.24 | 2.12 | 1.95 | 2.08 |
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: 2019-12-29).
1 2023 Calculation
Area asset turnover = Sales to customers ÷ Long-lived assets
= 4,549 ÷ 1,491 = 3.05
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Western Hemisphere excluding U.S. | Western Hemisphere excluding U.S. area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Asia-Pacific, Africa
Johnson & Johnson; Asia-Pacific, Africa; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 29, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales to customers | 13,756) | 16,789) | 17,275) | 15,136) | 15,555) |
| Long-lived assets | 1,500) | 4,431) | 5,035) | 5,484) | 5,486) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 9.17 | 3.79 | 3.43 | 2.76 | 2.84 |
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: 2019-12-29).
1 2023 Calculation
Area asset turnover = Sales to customers ÷ Long-lived assets
= 13,756 ÷ 1,500 = 9.17
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Asia-Pacific, Africa | Asia-Pacific, Africa area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Sales to customers
Johnson & Johnson, sales to customers by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 29, 2019 | |
|---|---|---|---|---|---|
| United States | 46,444) | 48,580) | 47,156) | 43,133) | 42,097) |
| Europe | 20,410) | 23,449) | 23,594) | 18,980) | 18,466) |
| Western Hemisphere excluding U.S. | 4,549) | 6,125) | 5,750) | 5,335) | 5,941) |
| Asia-Pacific, Africa | 13,756) | 16,789) | 17,275) | 15,136) | 15,555) |
| Segments total | 85,159) | 94,943) | 93,775) | 82,584) | 82,059) |
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: 2019-12-29).
Long-lived assets
Johnson & Johnson, long-lived assets by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 29, 2019 | |
|---|---|---|---|---|---|
| United States | 54,832) | 66,283) | 48,586) | 49,951) | 41,528) |
| Europe | 31,616) | 38,774) | 43,257) | 49,363) | 48,015) |
| Western Hemisphere excluding U.S. | 1,491) | 2,737) | 2,708) | 2,734) | 2,862) |
| Asia-Pacific, Africa | 1,500) | 4,431) | 5,035) | 5,484) | 5,486) |
| Segments total | 89,439) | 112,225) | 99,586) | 107,532) | 97,891) |
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: 2019-12-29).