Analysis of Reportable Segments
Air Products & Chemicals Inc. operates in 7 segments: Industrial Gases, Americas; Industrial Gases, EMEA (Europe, Middle East, and Africa); Industrial Gases, Asia; Industrial Gases, Global; Materials Technologies; Energy-from-Waste; and Corporate and other.
Segment Profit Margin
Air Products & Chemicals Inc., profit margin by reportable segment
| Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | Sep 30, 2015 | |
|---|---|---|---|---|---|---|
| Industrial Gases, Americas | 27.88% | 25.76% | 24.69% | 26.14% | 26.77% | 21.88% |
| Industrial Gases, EMEA (Europe, Middle East, and Africa) | 24.57% | 23.59% | 20.33% | 21.74% | 22.51% | 17.73% |
| Industrial Gases, Asia | 32.04% | 32.44% | 28.07% | 27.04% | 26.17% | 23.24% |
| Industrial Gases, Global | -10.96% | -4.48% | 12.36% | 9.86% | -4.27% | -17.99% |
| Materials Technologies | — | — | — | — | 26.25% | 22.84% |
| Energy-from-Waste | — | — | — | — | — | — |
| Corporate and other | -51.49% | -129.16% | -209.52% | -206.54% | -15.24% | -15.58% |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Industrial Gases, Americas | Industrial Gases, Americas segment profit margin ratio improved from 2018 to 2019 and from 2019 to 2020. |
| Industrial Gases, EMEA (Europe, Middle East, and Africa) | Industrial Gases, EMEA (Europe, Middle East, and Africa) segment profit margin ratio improved from 2018 to 2019 and from 2019 to 2020. | |
| Industrial Gases, Asia | Industrial Gases, Asia segment profit margin ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020. | |
| Industrial Gases, Global | Industrial Gases, Global segment profit margin ratio deteriorated from 2018 to 2019 and from 2019 to 2020. | |
| Materials Technologies | ||
| Energy-from-Waste | ||
| Corporate and other | Corporate and other segment profit margin ratio improved from 2018 to 2019 and from 2019 to 2020. |
Segment Profit Margin: Industrial Gases, Americas
Air Products & Chemicals Inc.; Industrial Gases, Americas; segment profit margin 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) | ||||||
| Operating income (loss) | 1,012,400) | 997,700) | 927,900) | 950,600) | 895,200) | 808,400) |
| Sales to external customers | 3,630,700) | 3,873,500) | 3,758,800) | 3,637,000) | 3,343,600) | 3,693,900) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 27.88% | 25.76% | 24.69% | 26.14% | 26.77% | 21.88% |
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
Segment profit margin = 100 × Operating income (loss) ÷ Sales to external customers
= 100 × 1,012,400 ÷ 3,630,700 = 27.88%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Industrial Gases, Americas | Industrial Gases, Americas segment profit margin ratio improved from 2018 to 2019 and from 2019 to 2020. |
Segment Profit Margin: Industrial Gases, EMEA (Europe, Middle East, and Africa)
Air Products & Chemicals Inc.; Industrial Gases, EMEA (Europe, Middle East, and Africa); segment profit margin 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) | ||||||
| Operating income (loss) | 473,300) | 472,400) | 445,800) | 387,100) | 382,800) | 330,700) |
| Sales to external customers | 1,926,300) | 2,002,500) | 2,193,300) | 1,780,400) | 1,700,300) | 1,864,900) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 24.57% | 23.59% | 20.33% | 21.74% | 22.51% | 17.73% |
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
Segment profit margin = 100 × Operating income (loss) ÷ Sales to external customers
= 100 × 473,300 ÷ 1,926,300 = 24.57%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Industrial Gases, EMEA (Europe, Middle East, and Africa) | Industrial Gases, EMEA (Europe, Middle East, and Africa) segment profit margin ratio improved from 2018 to 2019 and from 2019 to 2020. |
Segment Profit Margin: Industrial Gases, Asia
Air Products & Chemicals Inc.; Industrial Gases, Asia; segment profit margin 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) | ||||||
| Operating income (loss) | 870,300) | 864,200) | 689,900) | 531,200) | 449,100) | 380,500) |
| Sales to external customers | 2,716,500) | 2,663,600) | 2,458,000) | 1,964,700) | 1,716,100) | 1,637,500) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 32.04% | 32.44% | 28.07% | 27.04% | 26.17% | 23.24% |
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
Segment profit margin = 100 × Operating income (loss) ÷ Sales to external customers
= 100 × 870,300 ÷ 2,716,500 = 32.04%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Industrial Gases, Asia | Industrial Gases, Asia segment profit margin ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020. |
Segment Profit Margin: Industrial Gases, Global
Air Products & Chemicals Inc.; Industrial Gases, Global; segment profit margin 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) | ||||||
| Operating income (loss) | (40,000) | (11,700) | 53,900) | 71,300) | (21,300) | (51,600) |
| Sales to external customers | 364,900) | 261,000) | 436,100) | 722,900) | 498,800) | 286,800) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | -10.96% | -4.48% | 12.36% | 9.86% | -4.27% | -17.99% |
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
Segment profit margin = 100 × Operating income (loss) ÷ Sales to external customers
= 100 × -40,000 ÷ 364,900 = -10.96%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Industrial Gases, Global | Industrial Gases, Global segment profit margin ratio deteriorated from 2018 to 2019 and from 2019 to 2020. |
Segment Profit Margin: Materials Technologies
Air Products & Chemicals Inc.; Materials Technologies; segment profit margin 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) | ||||||
| Operating income (loss) | —) | —) | —) | —) | 530,200) | 476,700) |
| Sales to external customers | —) | —) | —) | —) | 2,019,500) | 2,087,100) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | — | — | — | — | 26.25% | 22.84% |
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
Segment profit margin = 100 × Operating income (loss) ÷ Sales to external customers
= 100 × 0 ÷ 0 = —
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Materials Technologies |
Segment Profit Margin: Energy-from-Waste
Air Products & Chemicals Inc.; Energy-from-Waste; segment profit margin 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) | ||||||
| Operating income (loss) | —) | —) | —) | —) | —) | (10,100) |
| Sales to external customers | —) | —) | —) | —) | —) | —) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | — | — | — | — | — | — |
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
Segment profit margin = 100 × Operating income (loss) ÷ Sales to external customers
= 100 × 0 ÷ 0 = —
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Energy-from-Waste |
Segment Profit Margin: Corporate and other
Air Products & Chemicals Inc.; Corporate and other; segment profit margin 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) | ||||||
| Operating income (loss) | (112,200) | (152,800) | (176,000) | (170,600) | (37,500) | (50,600) |
| Sales to external customers | 217,900) | 118,300) | 84,000) | 82,600) | 246,100) | 324,700) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | -51.49% | -129.16% | -209.52% | -206.54% | -15.24% | -15.58% |
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
Segment profit margin = 100 × Operating income (loss) ÷ Sales to external customers
= 100 × -112,200 ÷ 217,900 = -51.49%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Corporate and other | Corporate and other segment profit margin ratio improved from 2018 to 2019 and from 2019 to 2020. |
Segment Return on Assets (Segment ROA)
Air Products & Chemicals Inc., ROA by reportable segment
| Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | Sep 30, 2015 | |
|---|---|---|---|---|---|---|
| Industrial Gases, Americas | 15.32% | 17.11% | 15.72% | 16.28% | 15.20% | 14.00% |
| Industrial Gases, EMEA (Europe, Middle East, and Africa) | 12.08% | 14.53% | 13.59% | 11.82% | 12.04% | 9.95% |
| Industrial Gases, Asia | 12.72% | 13.85% | 11.69% | 12.04% | 10.61% | 9.16% |
| Industrial Gases, Global | -10.06% | -3.59% | 22.45% | 25.50% | -5.79% | -13.93% |
| Materials Technologies | — | — | — | — | 29.67% | 27.37% |
| Energy-from-Waste | — | — | — | — | — | -1.13% |
| Corporate and other | -1.52% | -4.64% | -4.57% | -3.67% | -1.45% | -4.29% |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Industrial Gases, Americas | Industrial Gases, Americas segment ROA improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020. |
| Industrial Gases, EMEA (Europe, Middle East, and Africa) | Industrial Gases, EMEA (Europe, Middle East, and Africa) segment ROA improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020. | |
| Industrial Gases, Asia | Industrial Gases, Asia segment ROA improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020 not reaching 2018 level. | |
| Industrial Gases, Global | Industrial Gases, Global segment ROA deteriorated from 2018 to 2019 and from 2019 to 2020. | |
| Materials Technologies | ||
| Energy-from-Waste | ||
| Corporate and other | Corporate and other segment ROA deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level. |
Segment ROA: Industrial Gases, Americas
Air Products & Chemicals Inc.; Industrial Gases, Americas; segment ROA 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) | ||||||
| Operating income (loss) | 1,012,400) | 997,700) | 927,900) | 950,600) | 895,200) | 808,400) |
| Total assets | 6,610,100) | 5,832,200) | 5,904,000) | 5,840,800) | 5,889,200) | 5,774,900) |
| Segment Profitability Ratio | ||||||
| Segment ROA1 | 15.32% | 17.11% | 15.72% | 16.28% | 15.20% | 14.00% |
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
Segment ROA = 100 × Operating income (loss) ÷ Total assets
= 100 × 1,012,400 ÷ 6,610,100 = 15.32%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Industrial Gases, Americas | Industrial Gases, Americas segment ROA improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020. |
Segment ROA: Industrial Gases, EMEA (Europe, Middle East, and Africa)
Air Products & Chemicals Inc.; Industrial Gases, EMEA (Europe, Middle East, and Africa); segment ROA 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) | ||||||
| Operating income (loss) | 473,300) | 472,400) | 445,800) | 387,100) | 382,800) | 330,700) |
| Total assets | 3,917,000) | 3,250,800) | 3,280,400) | 3,276,100) | 3,178,600) | 3,323,900) |
| Segment Profitability Ratio | ||||||
| Segment ROA1 | 12.08% | 14.53% | 13.59% | 11.82% | 12.04% | 9.95% |
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
Segment ROA = 100 × Operating income (loss) ÷ Total assets
= 100 × 473,300 ÷ 3,917,000 = 12.08%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Industrial Gases, EMEA (Europe, Middle East, and Africa) | Industrial Gases, EMEA (Europe, Middle East, and Africa) segment ROA improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020. |
Segment ROA: Industrial Gases, Asia
Air Products & Chemicals Inc.; Industrial Gases, Asia; segment ROA 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) | ||||||
| Operating income (loss) | 870,300) | 864,200) | 689,900) | 531,200) | 449,100) | 380,500) |
| Total assets | 6,842,900) | 6,240,600) | 5,899,500) | 4,412,100) | 4,232,700) | 4,154,000) |
| Segment Profitability Ratio | ||||||
| Segment ROA1 | 12.72% | 13.85% | 11.69% | 12.04% | 10.61% | 9.16% |
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
Segment ROA = 100 × Operating income (loss) ÷ Total assets
= 100 × 870,300 ÷ 6,842,900 = 12.72%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Industrial Gases, Asia | Industrial Gases, Asia segment ROA improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020 not reaching 2018 level. |
Segment ROA: Industrial Gases, Global
Air Products & Chemicals Inc.; Industrial Gases, Global; segment ROA 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) | ||||||
| Operating income (loss) | (40,000) | (11,700) | 53,900) | 71,300) | (21,300) | (51,600) |
| Total assets | 397,800) | 325,700) | 240,100) | 279,600) | 367,600) | 370,500) |
| Segment Profitability Ratio | ||||||
| Segment ROA1 | -10.06% | -3.59% | 22.45% | 25.50% | -5.79% | -13.93% |
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
Segment ROA = 100 × Operating income (loss) ÷ Total assets
= 100 × -40,000 ÷ 397,800 = -10.06%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Industrial Gases, Global | Industrial Gases, Global segment ROA deteriorated from 2018 to 2019 and from 2019 to 2020. |
Segment ROA: Materials Technologies
Air Products & Chemicals Inc.; Materials Technologies; segment ROA 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) | ||||||
| Operating income (loss) | —) | —) | —) | —) | 530,200) | 476,700) |
| Total assets | —) | —) | —) | —) | 1,787,000) | 1,741,900) |
| Segment Profitability Ratio | ||||||
| Segment ROA1 | — | — | — | — | 29.67% | 27.37% |
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
Segment ROA = 100 × Operating income (loss) ÷ Total assets
= 100 × 0 ÷ 0 = —
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Materials Technologies |
Segment ROA: Energy-from-Waste
Air Products & Chemicals Inc.; Energy-from-Waste; segment ROA 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) | ||||||
| Operating income (loss) | —) | —) | —) | —) | —) | (10,100) |
| Total assets | —) | —) | —) | —) | —) | 894,400) |
| Segment Profitability Ratio | ||||||
| Segment ROA1 | — | — | — | — | — | -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
Segment ROA = 100 × Operating income (loss) ÷ Total assets
= 100 × 0 ÷ 0 = —
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Energy-from-Waste |
Segment ROA: Corporate and other
Air Products & Chemicals Inc.; Corporate and other; segment ROA 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) | ||||||
| Operating income (loss) | (112,200) | (152,800) | (176,000) | (170,600) | (37,500) | (50,600) |
| Total assets | 7,400,700) | 3,293,500) | 3,854,300) | 4,648,400) | 2,580,800) | 1,178,500) |
| Segment Profitability Ratio | ||||||
| Segment ROA1 | -1.52% | -4.64% | -4.57% | -3.67% | -1.45% | -4.29% |
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
Segment ROA = 100 × Operating income (loss) ÷ Total assets
= 100 × -112,200 ÷ 7,400,700 = -1.52%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Corporate and other | Corporate and other segment ROA deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level. |
Segment Asset Turnover
Air Products & Chemicals Inc., asset turnover by reportable segment
| Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | Sep 30, 2015 | |
|---|---|---|---|---|---|---|
| Industrial Gases, Americas | 0.55 | 0.66 | 0.64 | 0.62 | 0.57 | 0.64 |
| Industrial Gases, EMEA (Europe, Middle East, and Africa) | 0.49 | 0.62 | 0.67 | 0.54 | 0.53 | 0.56 |
| Industrial Gases, Asia | 0.40 | 0.43 | 0.42 | 0.45 | 0.41 | 0.39 |
| Industrial Gases, Global | 0.92 | 0.80 | 1.82 | 2.59 | 1.36 | 0.77 |
| Materials Technologies | — | — | — | — | 1.13 | 1.20 |
| Energy-from-Waste | — | — | — | — | — | 0.00 |
| Corporate and other | 0.03 | 0.04 | 0.02 | 0.02 | 0.10 | 0.28 |
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).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Industrial Gases, Americas | Industrial Gases, Americas segment asset turnover ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020. |
| Industrial Gases, EMEA (Europe, Middle East, and Africa) | Industrial Gases, EMEA (Europe, Middle East, and Africa) segment asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020. | |
| Industrial Gases, Asia | Industrial Gases, Asia segment asset turnover ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020. | |
| Industrial Gases, Global | Industrial Gases, Global segment asset turnover ratio deteriorated from 2018 to 2019 but then slightly improved from 2019 to 2020. | |
| Materials Technologies | ||
| Energy-from-Waste | ||
| Corporate and other | Corporate and other segment asset turnover ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020. |
Segment Asset Turnover: Industrial Gases, Americas
Air Products & Chemicals Inc.; Industrial Gases, Americas; segment 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 | 3,630,700) | 3,873,500) | 3,758,800) | 3,637,000) | 3,343,600) | 3,693,900) |
| Total assets | 6,610,100) | 5,832,200) | 5,904,000) | 5,840,800) | 5,889,200) | 5,774,900) |
| Segment Activity Ratio | ||||||
| Segment asset turnover1 | 0.55 | 0.66 | 0.64 | 0.62 | 0.57 | 0.64 |
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
Segment asset turnover = Sales to external customers ÷ Total assets
= 3,630,700 ÷ 6,610,100 = 0.55
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Industrial Gases, Americas | Industrial Gases, Americas segment asset turnover ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020. |
Segment Asset Turnover: Industrial Gases, EMEA (Europe, Middle East, and Africa)
Air Products & Chemicals Inc.; Industrial Gases, EMEA (Europe, Middle East, and Africa); segment 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 | 1,926,300) | 2,002,500) | 2,193,300) | 1,780,400) | 1,700,300) | 1,864,900) |
| Total assets | 3,917,000) | 3,250,800) | 3,280,400) | 3,276,100) | 3,178,600) | 3,323,900) |
| Segment Activity Ratio | ||||||
| Segment asset turnover1 | 0.49 | 0.62 | 0.67 | 0.54 | 0.53 | 0.56 |
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
Segment asset turnover = Sales to external customers ÷ Total assets
= 1,926,300 ÷ 3,917,000 = 0.49
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Industrial Gases, EMEA (Europe, Middle East, and Africa) | Industrial Gases, EMEA (Europe, Middle East, and Africa) segment asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020. |
Segment Asset Turnover: Industrial Gases, Asia
Air Products & Chemicals Inc.; Industrial Gases, Asia; segment 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 | 2,716,500) | 2,663,600) | 2,458,000) | 1,964,700) | 1,716,100) | 1,637,500) |
| Total assets | 6,842,900) | 6,240,600) | 5,899,500) | 4,412,100) | 4,232,700) | 4,154,000) |
| Segment Activity Ratio | ||||||
| Segment asset turnover1 | 0.40 | 0.43 | 0.42 | 0.45 | 0.41 | 0.39 |
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
Segment asset turnover = Sales to external customers ÷ Total assets
= 2,716,500 ÷ 6,842,900 = 0.40
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Industrial Gases, Asia | Industrial Gases, Asia segment asset turnover ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020. |
Segment Asset Turnover: Industrial Gases, Global
Air Products & Chemicals Inc.; Industrial Gases, Global; segment 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 | 364,900) | 261,000) | 436,100) | 722,900) | 498,800) | 286,800) |
| Total assets | 397,800) | 325,700) | 240,100) | 279,600) | 367,600) | 370,500) |
| Segment Activity Ratio | ||||||
| Segment asset turnover1 | 0.92 | 0.80 | 1.82 | 2.59 | 1.36 | 0.77 |
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
Segment asset turnover = Sales to external customers ÷ Total assets
= 364,900 ÷ 397,800 = 0.92
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Industrial Gases, Global | Industrial Gases, Global segment asset turnover ratio deteriorated from 2018 to 2019 but then slightly improved from 2019 to 2020. |
Segment Asset Turnover: Materials Technologies
Air Products & Chemicals Inc.; Materials Technologies; segment 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 | —) | —) | —) | —) | 2,019,500) | 2,087,100) |
| Total assets | —) | —) | —) | —) | 1,787,000) | 1,741,900) |
| Segment Activity Ratio | ||||||
| Segment asset turnover1 | — | — | — | — | 1.13 | 1.20 |
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
Segment asset turnover = Sales to external customers ÷ Total assets
= 0 ÷ 0 = —
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Materials Technologies |
Segment Asset Turnover: Energy-from-Waste
Air Products & Chemicals Inc.; Energy-from-Waste; segment 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 | —) | —) | —) | —) | —) | —) |
| Total assets | —) | —) | —) | —) | —) | 894,400) |
| Segment Activity Ratio | ||||||
| Segment asset turnover1 | — | — | — | — | — | 0.00 |
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
Segment asset turnover = Sales to external customers ÷ Total assets
= 0 ÷ 0 = —
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Energy-from-Waste |
Segment Asset Turnover: Corporate and other
Air Products & Chemicals Inc.; Corporate and other; segment 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 | 217,900) | 118,300) | 84,000) | 82,600) | 246,100) | 324,700) |
| Total assets | 7,400,700) | 3,293,500) | 3,854,300) | 4,648,400) | 2,580,800) | 1,178,500) |
| Segment Activity Ratio | ||||||
| Segment asset turnover1 | 0.03 | 0.04 | 0.02 | 0.02 | 0.10 | 0.28 |
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
Segment asset turnover = Sales to external customers ÷ Total assets
= 217,900 ÷ 7,400,700 = 0.03
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Corporate and other | Corporate and other segment asset turnover ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020. |
Segment Capital Expenditures to Depreciation
Air Products & Chemicals Inc., capital expenditures to depreciation by reportable segment
| Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | Sep 30, 2015 | |
|---|---|---|---|---|---|---|
| Industrial Gases, Americas | 2.26 | 1.08 | 1.13 | 0.92 | 0.92 | 0.99 |
| Industrial Gases, EMEA (Europe, Middle East, and Africa) | 1.67 | 1.14 | 0.82 | 0.81 | 0.86 | 1.11 |
| Industrial Gases, Asia | 1.73 | 3.06 | 2.98 | 1.66 | 1.59 | 1.98 |
| Industrial Gases, Global | 3.68 | 3.93 | 2.14 | 2.88 | 0.76 | 5.75 |
| Materials Technologies | — | — | — | — | 1.91 | 1.10 |
| Energy-from-Waste | — | — | — | — | — | — |
| Corporate and other | 9.28 | 4.91 | 3.84 | 8.68 | 1.47 | 2.75 |
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).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Industrial Gases, Americas | Industrial Gases, Americas segment capital expenditures to depreciation ratio deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level. |
| Industrial Gases, EMEA (Europe, Middle East, and Africa) | Industrial Gases, EMEA (Europe, Middle East, and Africa) segment capital expenditures to depreciation ratio improved from 2018 to 2019 and from 2019 to 2020. | |
| Industrial Gases, Asia | Industrial Gases, Asia segment capital expenditures to depreciation ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020. | |
| Industrial Gases, Global | Industrial Gases, Global segment capital expenditures to depreciation ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020. | |
| Materials Technologies | ||
| Energy-from-Waste | ||
| Corporate and other | Corporate and other segment capital expenditures to depreciation ratio improved from 2018 to 2019 and from 2019 to 2020. |
Segment Capital Expenditures to Depreciation: Industrial Gases, Americas
Air Products & Chemicals Inc.; Industrial Gases, Americas; segment capital expenditures to depreciation 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) | ||||||
| Expenditures for long-lived assets | 1,264,700) | 545,800) | 546,500) | 427,200) | 406,600) | 414,500) |
| Depreciation and amortization | 559,500) | 505,200) | 485,300) | 464,400) | 442,500) | 416,900) |
| Segment Financial Ratio | ||||||
| Segment capital expenditures to depreciation1 | 2.26 | 1.08 | 1.13 | 0.92 | 0.92 | 0.99 |
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
Segment capital expenditures to depreciation = Expenditures for long-lived assets ÷ Depreciation and amortization
= 1,264,700 ÷ 559,500 = 2.26
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Industrial Gases, Americas | Industrial Gases, Americas segment capital expenditures to depreciation ratio deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level. |
Segment Capital Expenditures to Depreciation: Industrial Gases, EMEA (Europe, Middle East, and Africa)
Air Products & Chemicals Inc.; Industrial Gases, EMEA (Europe, Middle East, and Africa); segment capital expenditures to depreciation 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) | ||||||
| Expenditures for long-lived assets | 327,600) | 216,300) | 163,100) | 143,200) | 159,500) | 215,600) |
| Depreciation and amortization | 195,900) | 189,500) | 198,600) | 177,100) | 185,700) | 194,300) |
| Segment Financial Ratio | ||||||
| Segment capital expenditures to depreciation1 | 1.67 | 1.14 | 0.82 | 0.81 | 0.86 | 1.11 |
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
Segment capital expenditures to depreciation = Expenditures for long-lived assets ÷ Depreciation and amortization
= 327,600 ÷ 195,900 = 1.67
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Industrial Gases, EMEA (Europe, Middle East, and Africa) | Industrial Gases, EMEA (Europe, Middle East, and Africa) segment capital expenditures to depreciation ratio improved from 2018 to 2019 and from 2019 to 2020. |
Segment Capital Expenditures to Depreciation: Industrial Gases, Asia
Air Products & Chemicals Inc.; Industrial Gases, Asia; segment capital expenditures to depreciation 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) | ||||||
| Expenditures for long-lived assets | 690,300) | 1,105,500) | 791,900) | 337,800) | 313,300) | 402,500) |
| Depreciation and amortization | 399,400) | 361,500) | 265,800) | 203,200) | 197,100) | 202,900) |
| Segment Financial Ratio | ||||||
| Segment capital expenditures to depreciation1 | 1.73 | 3.06 | 2.98 | 1.66 | 1.59 | 1.98 |
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
Segment capital expenditures to depreciation = Expenditures for long-lived assets ÷ Depreciation and amortization
= 690,300 ÷ 399,400 = 1.73
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Industrial Gases, Asia | Industrial Gases, Asia segment capital expenditures to depreciation ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020. |
Segment Capital Expenditures to Depreciation: Industrial Gases, Global
Air Products & Chemicals Inc.; Industrial Gases, Global; segment capital expenditures to depreciation 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) | ||||||
| Expenditures for long-lived assets | 35,300) | 33,800) | 17,300) | 25,600) | 6,000) | 94,800) |
| Depreciation and amortization | 9,600) | 8,600) | 8,100) | 8,900) | 7,900) | 16,500) |
| Segment Financial Ratio | ||||||
| Segment capital expenditures to depreciation1 | 3.68 | 3.93 | 2.14 | 2.88 | 0.76 | 5.75 |
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
Segment capital expenditures to depreciation = Expenditures for long-lived assets ÷ Depreciation and amortization
= 35,300 ÷ 9,600 = 3.68
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Industrial Gases, Global | Industrial Gases, Global segment capital expenditures to depreciation ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020. |
Segment Capital Expenditures to Depreciation: Materials Technologies
Air Products & Chemicals Inc.; Materials Technologies; segment capital expenditures to depreciation 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) | ||||||
| Expenditures for long-lived assets | —) | —) | —) | —) | 147,900) | 102,500) |
| Depreciation and amortization | —) | —) | —) | —) | 77,400) | 92,800) |
| Segment Financial Ratio | ||||||
| Segment capital expenditures to depreciation1 | — | — | — | — | 1.91 | 1.10 |
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
Segment capital expenditures to depreciation = Expenditures for long-lived assets ÷ Depreciation and amortization
= 0 ÷ 0 = —
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Materials Technologies |
Segment Capital Expenditures to Depreciation: Energy-from-Waste
Air Products & Chemicals Inc.; Energy-from-Waste; segment capital expenditures to depreciation 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) | ||||||
| Expenditures for long-lived assets | —) | —) | —) | —) | —) | 349,200) |
| Depreciation and amortization | —) | —) | —) | —) | —) | —) |
| Segment Financial Ratio | ||||||
| Segment capital expenditures to depreciation1 | — | — | — | — | — | — |
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
Segment capital expenditures to depreciation = Expenditures for long-lived assets ÷ Depreciation and amortization
= 0 ÷ 0 = —
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Energy-from-Waste |
Segment Capital Expenditures to Depreciation: Corporate and other
Air Products & Chemicals Inc.; Corporate and other; segment capital expenditures to depreciation 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) | ||||||
| Expenditures for long-lived assets | 191,100) | 88,300) | 49,600) | 105,900) | 22,500) | 35,700) |
| Depreciation and amortization | 20,600) | 18,000) | 12,900) | 12,200) | 15,300) | 13,000) |
| Segment Financial Ratio | ||||||
| Segment capital expenditures to depreciation1 | 9.28 | 4.91 | 3.84 | 8.68 | 1.47 | 2.75 |
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
Segment capital expenditures to depreciation = Expenditures for long-lived assets ÷ Depreciation and amortization
= 191,100 ÷ 20,600 = 9.28
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Corporate and other | Corporate and other segment capital expenditures to depreciation ratio improved from 2018 to 2019 and from 2019 to 2020. |
Sales to external customers
Air Products & Chemicals Inc., sales to external customers by reportable segment
US$ in thousands
| Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | Sep 30, 2015 | |
|---|---|---|---|---|---|---|
| Industrial Gases, Americas | 3,630,700) | 3,873,500) | 3,758,800) | 3,637,000) | 3,343,600) | 3,693,900) |
| Industrial Gases, EMEA (Europe, Middle East, and Africa) | 1,926,300) | 2,002,500) | 2,193,300) | 1,780,400) | 1,700,300) | 1,864,900) |
| Industrial Gases, Asia | 2,716,500) | 2,663,600) | 2,458,000) | 1,964,700) | 1,716,100) | 1,637,500) |
| Industrial Gases, Global | 364,900) | 261,000) | 436,100) | 722,900) | 498,800) | 286,800) |
| Materials Technologies | —) | —) | —) | —) | 2,019,500) | 2,087,100) |
| Energy-from-Waste | —) | —) | —) | —) | —) | —) |
| Corporate and other | 217,900) | 118,300) | 84,000) | 82,600) | 246,100) | 324,700) |
| 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).
Operating income (loss)
Air Products & Chemicals Inc., operating income (loss) by reportable segment
US$ in thousands
| Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | Sep 30, 2015 | |
|---|---|---|---|---|---|---|
| Industrial Gases, Americas | 1,012,400) | 997,700) | 927,900) | 950,600) | 895,200) | 808,400) |
| Industrial Gases, EMEA (Europe, Middle East, and Africa) | 473,300) | 472,400) | 445,800) | 387,100) | 382,800) | 330,700) |
| Industrial Gases, Asia | 870,300) | 864,200) | 689,900) | 531,200) | 449,100) | 380,500) |
| Industrial Gases, Global | (40,000) | (11,700) | 53,900) | 71,300) | (21,300) | (51,600) |
| Materials Technologies | —) | —) | —) | —) | 530,200) | 476,700) |
| Energy-from-Waste | —) | —) | —) | —) | —) | (10,100) |
| Corporate and other | (112,200) | (152,800) | (176,000) | (170,600) | (37,500) | (50,600) |
| Total | 2,203,800) | 2,169,800) | 1,941,500) | 1,769,600) | 2,198,500) | 1,884,000) |
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).
Depreciation and amortization
Air Products & Chemicals Inc., depreciation and amortization by reportable segment
US$ in thousands
| Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | Sep 30, 2015 | |
|---|---|---|---|---|---|---|
| Industrial Gases, Americas | 559,500) | 505,200) | 485,300) | 464,400) | 442,500) | 416,900) |
| Industrial Gases, EMEA (Europe, Middle East, and Africa) | 195,900) | 189,500) | 198,600) | 177,100) | 185,700) | 194,300) |
| Industrial Gases, Asia | 399,400) | 361,500) | 265,800) | 203,200) | 197,100) | 202,900) |
| Industrial Gases, Global | 9,600) | 8,600) | 8,100) | 8,900) | 7,900) | 16,500) |
| Materials Technologies | —) | —) | —) | —) | 77,400) | 92,800) |
| Energy-from-Waste | —) | —) | —) | —) | —) | —) |
| Corporate and other | 20,600) | 18,000) | 12,900) | 12,200) | 15,300) | 13,000) |
| Total | 1,185,000) | 1,082,800) | 970,700) | 865,800) | 925,900) | 936,400) |
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).
Expenditures for long-lived assets
Air Products & Chemicals Inc., expenditures for long-lived assets by reportable segment
US$ in thousands
| Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | Sep 30, 2015 | |
|---|---|---|---|---|---|---|
| Industrial Gases, Americas | 1,264,700) | 545,800) | 546,500) | 427,200) | 406,600) | 414,500) |
| Industrial Gases, EMEA (Europe, Middle East, and Africa) | 327,600) | 216,300) | 163,100) | 143,200) | 159,500) | 215,600) |
| Industrial Gases, Asia | 690,300) | 1,105,500) | 791,900) | 337,800) | 313,300) | 402,500) |
| Industrial Gases, Global | 35,300) | 33,800) | 17,300) | 25,600) | 6,000) | 94,800) |
| Materials Technologies | —) | —) | —) | —) | 147,900) | 102,500) |
| Energy-from-Waste | —) | —) | —) | —) | —) | 349,200) |
| Corporate and other | 191,100) | 88,300) | 49,600) | 105,900) | 22,500) | 35,700) |
| Total | 2,509,000) | 1,989,700) | 1,568,400) | 1,039,700) | 1,055,800) | 1,614,800) |
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).
Total assets
Air Products & Chemicals Inc., total assets by reportable segment
US$ in thousands
| Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | Sep 30, 2015 | |
|---|---|---|---|---|---|---|
| Industrial Gases, Americas | 6,610,100) | 5,832,200) | 5,904,000) | 5,840,800) | 5,889,200) | 5,774,900) |
| Industrial Gases, EMEA (Europe, Middle East, and Africa) | 3,917,000) | 3,250,800) | 3,280,400) | 3,276,100) | 3,178,600) | 3,323,900) |
| Industrial Gases, Asia | 6,842,900) | 6,240,600) | 5,899,500) | 4,412,100) | 4,232,700) | 4,154,000) |
| Industrial Gases, Global | 397,800) | 325,700) | 240,100) | 279,600) | 367,600) | 370,500) |
| Materials Technologies | —) | —) | —) | —) | 1,787,000) | 1,741,900) |
| Energy-from-Waste | —) | —) | —) | —) | —) | 894,400) |
| Corporate and other | 7,400,700) | 3,293,500) | 3,854,300) | 4,648,400) | 2,580,800) | 1,178,500) |
| Total | 25,168,500) | 18,942,800) | 19,178,300) | 18,457,000) | 18,035,900) | 17,438,100) |
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).