Total Asset Turnover
since 2005
Calculation
Linde plc, total asset turnover, long-term trends, calculation
| Total asset turnover | = | Sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2024 | 0.41 | = | 33,005) | ÷ | 80,147) |
| Dec 31, 2023 | 0.41 | = | 32,854) | ÷ | 80,811) |
| Dec 31, 2022 | 0.42 | = | 33,364) | ÷ | 79,658) |
| Dec 31, 2021 | 0.38 | = | 30,793) | ÷ | 81,605) |
| Dec 31, 2020 | 0.31 | = | 27,243) | ÷ | 88,229) |
| Dec 31, 2019 | 0.33 | = | 28,228) | ÷ | 86,612) |
| Dec 31, 2018 | 0.16 | = | 14,900) | ÷ | 93,386) |
| Dec 31, 2017 | 0.56 | = | 11,437) | ÷ | 20,436) |
| Dec 31, 2016 | 0.54 | = | 10,534) | ÷ | 19,332) |
| Dec 31, 2015 | 0.59 | = | 10,776) | ÷ | 18,319) |
| Dec 31, 2014 | 0.62 | = | 12,273) | ÷ | 19,802) |
| Dec 31, 2013 | 0.59 | = | 11,925) | ÷ | 20,255) |
| Dec 31, 2012 | 0.62 | = | 11,224) | ÷ | 18,090) |
| Dec 31, 2011 | 0.69 | = | 11,252) | ÷ | 16,356) |
| Dec 31, 2010 | 0.66 | = | 10,116) | ÷ | 15,274) |
| Dec 31, 2009 | 0.63 | = | 8,956) | ÷ | 14,317) |
| Dec 31, 2008 | 0.83 | = | 10,796) | ÷ | 13,054) |
| Dec 31, 2007 | 0.70 | = | 9,402) | ÷ | 13,382) |
| Dec 31, 2006 | 0.75 | = | 8,324) | ÷ | 11,102) |
| Dec 31, 2005 | 0.73 | = | 7,656) | ÷ | 10,491) |
Based on: 10-K (reporting date: 2024-12-31), 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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
- Sales Trends
- Sales demonstrate an overall upward trajectory from 2005 to 2024, increasing from $7,656 million to approximately $33,005 million. There is a noticeable acceleration in sales growth starting around 2018, with sales surging from $14,900 million in 2018 to a peak of $28,228 million in 2019, followed by fluctuations but maintaining a significantly higher level than in earlier years. A temporary dip occurs in 2015 and 2016 before the sharp rise in the subsequent years.
- Total Assets Trends
- Total assets increase steadily from 2005 ($10,491 million) through 2017 ($20,436 million), showing moderate growth. However, in 2018, there is a dramatic increase to $93,386 million, followed by a decline over the next years, reaching around $80,147 million in 2024. This spike in 2018 suggests a major acquisition or revaluation event, after which the asset base stabilizes at a new, higher level relative to the pre-2018 period.
- Total Asset Turnover
- Total asset turnover declines gradually from 0.73 in 2005 to a low of 0.16 in 2018. This sharp drop in 2018 corresponds with the significant increase in total assets but comparatively smaller sales increase. Post-2018, there is a recovery in asset turnover ratios, improving to around 0.41 by 2024. This indicates improving efficiency in utilizing assets to generate sales after the expansion in asset base.
- Overall Observations
- The period analyzed shows two distinct phases: pre-2018, characterized by steady growth and relatively stable asset turnover, and post-2018, marked by a major asset base expansion and subsequent improvement in asset efficiency. The sharp increase in assets coupled with a pronounced drop in turnover starting in 2018 likely reflects a significant corporate event affecting the resource base. Although sales have increased substantially, the company experienced temporary challenges in asset utilization efficiency but has since been recovering towards historical levels.
Comparison to Competitors
Linde plc, total asset turnover, long-term trends, comparison to competitors
| Linde plc | Sherwin-Williams Co. | |
|---|---|---|
| Dec 31, 2024 | 0.41 | 0.98 |
| Dec 31, 2023 | 0.41 | 1.00 |
| Dec 31, 2022 | 0.42 | 0.98 |
| Dec 31, 2021 | 0.38 | 0.97 |
| Dec 31, 2020 | 0.31 | 0.90 |
| Dec 31, 2019 | 0.33 | 0.87 |
| Dec 31, 2018 | 0.16 | 0.92 |
| Dec 31, 2017 | 0.56 | 0.75 |
| Dec 31, 2016 | 0.54 | 1.76 |
| Dec 31, 2015 | 0.59 | 1.96 |
| Dec 31, 2014 | 0.62 | 1.95 |
| Dec 31, 2013 | 0.59 | 1.60 |
| Dec 31, 2012 | 0.62 | 1.53 |
| Dec 31, 2011 | 0.69 | 1.68 |
| Dec 31, 2010 | 0.66 | 1.50 |
| Dec 31, 2009 | 0.63 | 1.64 |
| Dec 31, 2008 | 0.83 | 1.81 |
| Dec 31, 2007 | 0.70 | 1.65 |
| Dec 31, 2006 | 0.75 | 1.56 |
| Dec 31, 2005 | 0.73 | 1.65 |
Based on: 10-K (reporting date: 2024-12-31), 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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Chemicals)
Linde plc, total asset turnover, long-term trends, comparison to sector (chemicals)
| Linde plc | Chemicals | |
|---|---|---|
| Dec 31, 2024 | 0.41 | 0.54 |
| Dec 31, 2023 | 0.41 | 0.54 |
| Dec 31, 2022 | 0.42 | 0.54 |
| Dec 31, 2021 | 0.38 | 0.50 |
| Dec 31, 2020 | 0.31 | 0.42 |
| Dec 31, 2019 | 0.33 | 0.43 |
| Dec 31, 2018 | 0.16 | 0.29 |
| Dec 31, 2017 | 0.56 | 0.65 |
| Dec 31, 2016 | 0.54 | 0.86 |
| Dec 31, 2015 | 0.59 | 0.92 |
| Dec 31, 2014 | 0.62 | 0.92 |
| Dec 31, 2013 | 0.59 | 0.83 |
| Dec 31, 2012 | 0.62 | 0.85 |
| Dec 31, 2011 | 0.69 | 0.93 |
| Dec 31, 2010 | 0.66 | 0.88 |
| Dec 31, 2009 | 0.63 | 0.86 |
| Dec 31, 2008 | 0.83 | 1.07 |
| Dec 31, 2007 | 0.70 | 0.95 |
| Dec 31, 2006 | 0.75 | 1.00 |
| Dec 31, 2005 | 0.73 | 1.00 |
Based on: 10-K (reporting date: 2024-12-31), 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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Materials)
Linde plc, total asset turnover, long-term trends, comparison to industry (materials)
| Linde plc | Materials | |
|---|---|---|
| Dec 31, 2024 | 0.41 | 0.51 |
| Dec 31, 2023 | 0.41 | 0.50 |
| Dec 31, 2022 | 0.42 | 0.51 |
| Dec 31, 2021 | 0.38 | 0.49 |
| Dec 31, 2020 | 0.31 | 0.40 |
| Dec 31, 2019 | 0.33 | 0.41 |
| Dec 31, 2018 | 0.16 | 0.33 |
| Dec 31, 2017 | 0.56 | 0.55 |
| Dec 31, 2016 | 0.54 | 0.59 |
| Dec 31, 2015 | 0.59 | 0.54 |
| Dec 31, 2014 | 0.62 | 0.53 |
| Dec 31, 2013 | 0.59 | 0.48 |
| Dec 31, 2012 | 0.62 | 0.65 |
| Dec 31, 2011 | 0.69 | 0.76 |
| Dec 31, 2010 | 0.66 | 0.74 |
| Dec 31, 2009 | 0.63 | 0.70 |
| Dec 31, 2008 | 0.83 | 0.90 |
| Dec 31, 2007 | 0.70 | 0.58 |
| Dec 31, 2006 | 0.75 | 1.02 |
| Dec 31, 2005 | 0.73 | 0.93 |
Based on: 10-K (reporting date: 2024-12-31), 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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).