Stock Analysis on Net

Linde plc (NYSE:LIN)

Analysis of Geographic Areas 

Microsoft Excel LibreOffice Calc

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

Microsoft Excel LibreOffice Calc
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

Microsoft Excel LibreOffice Calc
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

Microsoft Excel LibreOffice Calc
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

Microsoft Excel LibreOffice Calc
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

Microsoft Excel LibreOffice Calc
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

Microsoft Excel LibreOffice Calc
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

Microsoft Excel LibreOffice Calc
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

Microsoft Excel LibreOffice Calc
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

Microsoft Excel LibreOffice Calc
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).