Analysis of Geographic Areas
Linde plc operates in 6 regions: United States; Germany; China; United Kingdom; Australia; and Brazil.
Area Asset Turnover
Linde plc, asset turnover by geographic area
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| United States | 1.19 | 1.09 | 1.15 | 0.83 | 0.97 |
| Germany | 1.80 | 1.56 | 1.49 | 0.36 | — |
| China | 1.07 | 0.85 | 0.89 | 0.46 | — |
| United Kingdom | 1.91 | 1.21 | 1.12 | 0.25 | — |
| Australia | 1.50 | 0.97 | 0.93 | 0.12 | — |
| Brazil | 1.51 | 1.12 | 1.04 | 1.05 | 0.96 |
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 improved from 2020 to 2021 exceeding 2019 level. |
| Germany | Germany area asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. | |
| China | China area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. | |
| United Kingdom | United Kingdom area asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. | |
| Australia | Australia area asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. | |
| Brazil | Brazil area asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
Area Asset Turnover: United States
Linde plc; United States; area asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales | 9,123 | 8,475 | 8,604 | 5,942 | 4,973 |
| Long-lived assets | 7,659 | 7,777 | 7,498 | 7,189 | 5,122 |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.19 | 1.09 | 1.15 | 0.83 | 0.97 |
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 = Sales ÷ Long-lived assets
= 9,123 ÷ 7,659 = 1.19
| 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 improved from 2020 to 2021 exceeding 2019 level. |
Area Asset Turnover: Germany
Linde plc; Germany; area asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales | 3,601 | 3,740 | 3,630 | 868 | — |
| Long-lived assets | 2,003 | 2,394 | 2,429 | 2,411 | — |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.80 | 1.56 | 1.49 | 0.36 | — |
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 = Sales ÷ Long-lived assets
= 3,601 ÷ 2,003 = 1.80
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Germany | Germany area asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
Area Asset Turnover: China
Linde plc; China; area asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales | 2,562 | 2,061 | 2,005 | 1,032 | — |
| Long-lived assets | 2,385 | 2,413 | 2,254 | 2,237 | — |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.07 | 0.85 | 0.89 | 0.46 | — |
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 = Sales ÷ Long-lived assets
= 2,562 ÷ 2,385 = 1.07
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | China | China area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Area Asset Turnover: United Kingdom
Linde plc; United Kingdom; area asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales | 2,060 | 1,595 | 1,653 | 398 | — |
| Long-lived assets | 1,078 | 1,313 | 1,479 | 1,582 | — |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.91 | 1.21 | 1.12 | 0.25 | — |
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 = Sales ÷ Long-lived assets
= 2,060 ÷ 1,078 = 1.91
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United Kingdom | United Kingdom area asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
Area Asset Turnover: Australia
Linde plc; Australia; area asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales | 1,307 | 1,071 | 1,127 | 183 | — |
| Long-lived assets | 872 | 1,105 | 1,214 | 1,476 | — |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.50 | 0.97 | 0.93 | 0.12 | — |
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 = Sales ÷ Long-lived assets
= 1,307 ÷ 872 = 1.50
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Australia | Australia area asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
Area Asset Turnover: Brazil
Linde plc; Brazil; area asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales | 1,065 | 822 | 994 | 1,067 | 1,179 |
| Long-lived assets | 705 | 734 | 956 | 1,012 | 1,225 |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.51 | 1.12 | 1.04 | 1.05 | 0.96 |
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 = Sales ÷ Long-lived assets
= 1,065 ÷ 705 = 1.51
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Brazil | Brazil area asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
Sales
Linde plc, sales by geographic area
US$ in millions
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| United States | 9,123 | 8,475 | 8,604 | 5,942 | 4,973 |
| Germany | 3,601 | 3,740 | 3,630 | 868 | — |
| China | 2,562 | 2,061 | 2,005 | 1,032 | — |
| United Kingdom | 2,060 | 1,595 | 1,653 | 398 | — |
| Australia | 1,307 | 1,071 | 1,127 | 183 | — |
| Brazil | 1,065 | 822 | 994 | 1,067 | 1,179 |
| Other, non-U.S. | 11,075 | 9,479 | 10,215 | 5,410 | 5,285 |
| Total | 30,793 | 27,243 | 28,228 | 14,900 | 11,437 |
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 assets
Linde plc, long-lived assets by geographic area
US$ in millions
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| United States | 7,659 | 7,777 | 7,498 | 7,189 | 5,122 |
| Germany | 2,003 | 2,394 | 2,429 | 2,411 | — |
| China | 2,385 | 2,413 | 2,254 | 2,237 | — |
| United Kingdom | 1,078 | 1,313 | 1,479 | 1,582 | — |
| Australia | 872 | 1,105 | 1,214 | 1,476 | — |
| Brazil | 705 | 734 | 956 | 1,012 | 1,225 |
| Other, non-U.S. | 11,301 | 12,975 | 13,234 | 13,810 | 5,710 |
| Total | 26,003 | 28,711 | 29,064 | 29,717 | 12,057 |
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).