Stock Analysis on Net

Eaton Corp. plc (NYSE:ETN)

Analysis of Geographic Areas 

Microsoft Excel

Area Asset Turnover

Eaton Corp. plc, asset turnover by geographic area

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
United States 7.61 7.94 7.88 6.82 6.65
Canada 34.13 30.61 30.16 31.88 30.28
Latin America 3.61 3.25 3.93 4.19 3.77
Europe 5.73 5.44 5.57 6.10 5.17
Asia Pacific 5.43 5.05 4.75 5.40 5.20

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Area activity ratio Geographic area The company
Area asset turnover United States United States area asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Canada Canada area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024.
Latin America Latin America area asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level.
Europe Europe area asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.
Asia Pacific Asia Pacific area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024.

Area Asset Turnover: United States

Eaton Corp. plc; United States; area asset turnover calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Net sales 15,151 14,071 12,352 10,868 10,044
Long-lived assets 1,990 1,773 1,567 1,593 1,510
Area Activity Ratio
Area asset turnover1 7.61 7.94 7.88 6.82 6.65

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Area asset turnover = Net sales ÷ Long-lived assets
= 15,151 ÷ 1,990 = 7.61

Area activity ratio Geographic area The company
Area asset turnover United States United States area asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Area Asset Turnover: Canada

Eaton Corp. plc; Canada; area asset turnover calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Net sales 1,058 949 754 797 757
Long-lived assets 31 31 25 25 25
Area Activity Ratio
Area asset turnover1 34.13 30.61 30.16 31.88 30.28

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Area asset turnover = Net sales ÷ Long-lived assets
= 1,058 ÷ 31 = 34.13

Area activity ratio Geographic area The company
Area asset turnover Canada Canada area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024.

Area Asset Turnover: Latin America

Eaton Corp. plc; Latin America; area asset turnover calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Net sales 1,680 1,549 1,504 1,160 939
Long-lived assets 465 476 383 277 249
Area Activity Ratio
Area asset turnover1 3.61 3.25 3.93 4.19 3.77

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Area asset turnover = Net sales ÷ Long-lived assets
= 1,680 ÷ 465 = 3.61

Area activity ratio Geographic area The company
Area asset turnover Latin America Latin America area asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level.

Area Asset Turnover: Europe

Eaton Corp. plc; Europe; area asset turnover calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Net sales 4,530 4,339 3,957 4,276 3,818
Long-lived assets 790 797 711 701 738
Area Activity Ratio
Area asset turnover1 5.73 5.44 5.57 6.10 5.17

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Area asset turnover = Net sales ÷ Long-lived assets
= 4,530 ÷ 790 = 5.73

Area activity ratio Geographic area The company
Area asset turnover Europe Europe area asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.

Area Asset Turnover: Asia Pacific

Eaton Corp. plc; Asia Pacific; area asset turnover calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Net sales 2,459 2,288 2,185 2,527 2,300
Long-lived assets 453 453 460 468 442
Area Activity Ratio
Area asset turnover1 5.43 5.05 4.75 5.40 5.20

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Area asset turnover = Net sales ÷ Long-lived assets
= 2,459 ÷ 453 = 5.43

Area activity ratio Geographic area The company
Area asset turnover Asia Pacific Asia Pacific area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024.

Net sales

Eaton Corp. plc, net sales by geographic area

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
United States 15,151 14,071 12,352 10,868 10,044
Canada 1,058 949 754 797 757
Latin America 1,680 1,549 1,504 1,160 939
Europe 4,530 4,339 3,957 4,276 3,818
Asia Pacific 2,459 2,288 2,185 2,527 2,300
Total 24,878 23,196 20,752 19,628 17,858

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).


Long-lived assets

Eaton Corp. plc, long-lived assets by geographic area

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
United States 1,990 1,773 1,567 1,593 1,510
Canada 31 31 25 25 25
Latin America 465 476 383 277 249
Europe 790 797 711 701 738
Asia Pacific 453 453 460 468 442
Total 3,729 3,530 3,146 3,064 2,964

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).