Analysis of Geographic Areas
Baxter International Inc. operates in 4 regions: United States; Europe; Asia-Pacific; and Latin America and Canada.
Area Asset Turnover
Baxter International Inc., asset turnover by geographic area
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
|---|---|---|---|---|---|
| United States | 2.29 | 2.46 | 2.19 | — | — |
| Europe | 2.14 | 2.22 | 1.83 | — | — |
| Asia-Pacific | 2.61 | 2.76 | 2.56 | — | — |
| Latin America and Canada | 2.09 | 2.35 | 2.23 | — | — |
Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2013 to 2014 but then slightly deteriorated from 2014 to 2015 not reaching 2013 level. |
| Europe | Europe area asset turnover ratio improved from 2013 to 2014 but then slightly deteriorated from 2014 to 2015. | |
| Asia-Pacific | Asia-Pacific area asset turnover ratio improved from 2013 to 2014 but then slightly deteriorated from 2014 to 2015 not reaching 2013 level. | |
| Latin America and Canada | Latin America and Canada area asset turnover ratio improved from 2013 to 2014 but then deteriorated significantly from 2014 to 2015. |
Area Asset Turnover: United States
Baxter International Inc.; United States; area asset turnover calculation
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 4,001) | 3,999) | 3,584) | —) | —) |
| PP&E, net | 1,746) | 1,625) | 1,633) | —) | —) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 2.29 | 2.46 | 2.19 | — | — |
Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
1 2015 Calculation
Area asset turnover = Net sales ÷ PP&E, net
= 4,001 ÷ 1,746 = 2.29
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2013 to 2014 but then slightly deteriorated from 2014 to 2015 not reaching 2013 level. |
Area Asset Turnover: Europe
Baxter International Inc.; Europe; area asset turnover calculation
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 2,774) | 3,257) | 2,674) | —) | —) |
| PP&E, net | 1,298) | 1,466) | 1,463) | —) | —) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 2.14 | 2.22 | 1.83 | — | — |
Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
1 2015 Calculation
Area asset turnover = Net sales ÷ PP&E, net
= 2,774 ÷ 1,298 = 2.14
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Europe | Europe area asset turnover ratio improved from 2013 to 2014 but then slightly deteriorated from 2014 to 2015. |
Area Asset Turnover: Asia-Pacific
Baxter International Inc.; Asia-Pacific; area asset turnover calculation
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 1,972) | 2,079) | 1,810) | —) | —) |
| PP&E, net | 757) | 753) | 708) | —) | —) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 2.61 | 2.76 | 2.56 | — | — |
Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
1 2015 Calculation
Area asset turnover = Net sales ÷ PP&E, net
= 1,972 ÷ 757 = 2.61
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Asia-Pacific | Asia-Pacific area asset turnover ratio improved from 2013 to 2014 but then slightly deteriorated from 2014 to 2015 not reaching 2013 level. |
Area Asset Turnover: Latin America and Canada
Baxter International Inc.; Latin America and Canada; area asset turnover calculation
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 1,221) | 1,384) | 1,345) | —) | —) |
| PP&E, net | 585) | 590) | 604) | —) | —) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 2.09 | 2.35 | 2.23 | — | — |
Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
1 2015 Calculation
Area asset turnover = Net sales ÷ PP&E, net
= 1,221 ÷ 585 = 2.09
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Latin America and Canada | Latin America and Canada area asset turnover ratio improved from 2013 to 2014 but then deteriorated significantly from 2014 to 2015. |
Net sales
Baxter International Inc., net sales by geographic area
US$ in millions
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
|---|---|---|---|---|---|
| United States | 4,001) | 3,999) | 3,584) | —) | —) |
| Europe | 2,774) | 3,257) | 2,674) | —) | —) |
| Asia-Pacific | 1,972) | 2,079) | 1,810) | —) | —) |
| Latin America and Canada | 1,221) | 1,384) | 1,345) | —) | —) |
| Consolidated | 9,968) | 10,719) | 9,413) | —) | —) |
Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
PP&E, net
Baxter International Inc., pp&e, net by geographic area
US$ in millions
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
|---|---|---|---|---|---|
| United States | 1,746) | 1,625) | 1,633) | —) | —) |
| Europe | 1,298) | 1,466) | 1,463) | —) | —) |
| Asia-Pacific | 757) | 753) | 708) | —) | —) |
| Latin America and Canada | 585) | 590) | 604) | —) | —) |
| Consolidated | 4,386) | 4,434) | 4,408) | —) | —) |
Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).