Analysis of Geographic Areas
Air Products & Chemicals Inc. operates in 3 regions: United States; China; and Other foreign operations.
Area Asset Turnover
Air Products & Chemicals Inc., asset turnover by geographic area
| Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | Sep 30, 2015 | |
|---|---|---|---|---|---|---|
| United States | 0.73 | 0.90 | 0.90 | 0.85 | 1.00 | 1.13 |
| China | 0.46 | 0.52 | 0.52 | 0.66 | 0.68 | 0.65 |
| Other foreign operations | 1.05 | 1.16 | 1.25 | 1.26 | 1.36 | 1.09 |
Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020. |
| China | China area asset turnover ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020. | |
| Other foreign operations | Other foreign operations area asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020. |
Area Asset Turnover: United States
Air Products & Chemicals Inc.; United States; area asset turnover calculation
| Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | Sep 30, 2015 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Sales to external customers | 3,359,600) | 3,351,800) | 3,149,600) | 2,886,800) | 3,792,300) | 4,280,100) |
| Long-lived assets | 4,633,900) | 3,721,300) | 3,512,700) | 3,407,400) | 3,780,200) | 3,776,700) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 0.73 | 0.90 | 0.90 | 0.85 | 1.00 | 1.13 |
Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30).
1 2020 Calculation
Area asset turnover = Sales to external customers ÷ Long-lived assets
= 3,359,600 ÷ 4,633,900 = 0.73
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020. |
Area Asset Turnover: China
Air Products & Chemicals Inc.; China; area asset turnover calculation
| Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | Sep 30, 2015 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Sales to external customers | 1,719,700) | 1,730,200) | 1,585,700) | 1,143,400) | 1,176,200) | 1,129,100) |
| Long-lived assets | 3,719,400) | 3,302,600) | 3,066,600) | 1,737,900) | 1,721,900) | 1,732,700) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 0.46 | 0.52 | 0.52 | 0.66 | 0.68 | 0.65 |
Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30).
1 2020 Calculation
Area asset turnover = Sales to external customers ÷ Long-lived assets
= 1,719,700 ÷ 3,719,400 = 0.46
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | China | China area asset turnover ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020. |
Area Asset Turnover: Other foreign operations
Air Products & Chemicals Inc.; Other foreign operations; area asset turnover calculation
| Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | Sep 30, 2015 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Sales to external customers | 3,777,000) | 3,836,900) | 4,194,900) | 4,157,400) | 4,555,900) | 4,485,700) |
| Long-lived assets | 3,611,400) | 3,313,700) | 3,344,400) | 3,294,900) | 3,350,600) | 4,127,500) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 1.05 | 1.16 | 1.25 | 1.26 | 1.36 | 1.09 |
Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30).
1 2020 Calculation
Area asset turnover = Sales to external customers ÷ Long-lived assets
= 3,777,000 ÷ 3,611,400 = 1.05
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other foreign operations | Other foreign operations area asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020. |
Sales to external customers
Air Products & Chemicals Inc., sales to external customers by geographic area
US$ in thousands
| Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | Sep 30, 2015 | |
|---|---|---|---|---|---|---|
| United States | 3,359,600) | 3,351,800) | 3,149,600) | 2,886,800) | 3,792,300) | 4,280,100) |
| China | 1,719,700) | 1,730,200) | 1,585,700) | 1,143,400) | 1,176,200) | 1,129,100) |
| Other foreign operations | 3,777,000) | 3,836,900) | 4,194,900) | 4,157,400) | 4,555,900) | 4,485,700) |
| Total | 8,856,300) | 8,918,900) | 8,930,200) | 8,187,600) | 9,524,400) | 9,894,900) |
Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30).
Long-lived assets
Air Products & Chemicals Inc., long-lived assets by geographic area
US$ in thousands
| Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | Sep 30, 2015 | |
|---|---|---|---|---|---|---|
| United States | 4,633,900) | 3,721,300) | 3,512,700) | 3,407,400) | 3,780,200) | 3,776,700) |
| China | 3,719,400) | 3,302,600) | 3,066,600) | 1,737,900) | 1,721,900) | 1,732,700) |
| Other foreign operations | 3,611,400) | 3,313,700) | 3,344,400) | 3,294,900) | 3,350,600) | 4,127,500) |
| Total | 11,964,700) | 10,337,600) | 9,923,700) | 8,440,200) | 8,852,700) | 9,636,900) |
Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30).