Analysis of Revenues
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- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Enterprise Value (EV)
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Current Ratio since 2005
- Total Asset Turnover since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
- Aggregate Accruals
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Revenues as Reported
Trane Technologies plc, income statement, revenues
US$ in thousands
| 12 months ended: | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equipment | |||||||||||
| Services | |||||||||||
| Americas | |||||||||||
| Equipment | |||||||||||
| Services | |||||||||||
| EMEA | |||||||||||
| Equipment | |||||||||||
| Services | |||||||||||
| Asia Pacific | |||||||||||
| Net revenues |
Based on: 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).
- Overall Revenue Trends
- The total net revenues exhibited a generally upward trajectory over the five-year period. Starting at approximately 12.34 billion USD in 2018, revenues grew to nearly 16 billion USD by 2022, representing a cumulative increase of about 29.6%.
- Equipment Revenue Dynamics
- Revenues from equipment displayed a positive growth trend. They rose from 6.24 billion USD in 2018 to 8.58 billion USD in 2022. Despite a slight decrease in 2020, likely reflecting external challenges during that period, the subsequent years showed recovery and continued growth, reaching the highest value in 2022.
- Services Revenue Behavior
- Service revenues increased steadily from 2.98 billion USD in 2018 to 4.07 billion USD in 2022. The growth was consistent each year, indicating an expanding or stable service business contributing to the overall revenue growth.
- Regional Revenue Analysis - Americas
- The Americas region showed strong revenue growth, increasing from 9.22 billion USD in 2018 to 12.64 billion USD in 2022. Despite a minor dip in 2020, the general trend was positive with substantial year-on-year increases, maintaining the Americas as the dominant revenue-generating region.
- Regional Revenue Analysis - EMEA
- Revenues in the EMEA region showed more volatility and overall stagnation initially, moving from 1.83 billion USD in 2018 down to 1.65 billion USD in 2020. However, a notable recovery occurred in the following years, reaching 2.03 billion USD in 2022. This indicates resilience with potential for further growth.
- Regional Revenue Analysis - Asia Pacific
- Revenues in the Asia Pacific region decreased from 1.29 billion USD in 2018 to 1.12 billion USD in 2020, mirroring the temporary downturn observed in other segments. Subsequently, there was a recovery, with revenues closing at 1.32 billion USD in 2022, marginally above the initial figure in 2018.
- Equipment and Services Breakdown Within Regions
- In the Americas, equipment revenue declined from 1.27 billion USD in 2018 to 1.12 billion USD in 2020 but rebounded to 1.42 billion USD by 2022. Services followed a similar pattern, starting at 559 million USD in 2018, dipping in 2020, and recovering to 614 million USD in 2022. The EMEA and Asia Pacific regions exhibited comparable dynamics, with initial declines followed by recoveries in both equipment and services revenue, suggesting cyclical effects or external pressures during 2020 followed by strengthening market conditions in subsequent years.
- Summary of Observed Patterns
- The data reveals a resilient business experiencing temporary setbacks around 2020, likely attributable to broader economic or industry-specific disruptions. Recovery in subsequent years is evident across both product categories and geographic segments, with a more pronounced rebound in equipment sales. Services revenues grew steadily overall, contributing to sustained revenue expansion. No segment showed persistent decline, and the progression towards 2022 indicates strengthening financial performance and geographic diversification benefits.