Analysis of Geographic Areas
Stryker Corp. operates in 4 regions: United States; Europe, Middle East, Africa; Asia Pacific; and Other countries.
Area Asset Turnover
Stryker Corp., asset turnover by geographic area
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| United States | 7.18 | 6.36 | 7.02 | 7.31 | 8.22 |
| Europe, Middle East, Africa | 2.44 | 1.94 | 2.25 | 2.68 | 2.18 |
| Asia Pacific | 25.96 | 17.91 | 17.02 | 15.96 | 13.21 |
| Other countries | 5.20 | 5.74 | 5.78 | 2.40 | 8.44 |
Based on: 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), 10-K (reporting date: 2017-12-31).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Europe, Middle East, Africa | Europe, Middle East, Africa area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. | |
| Asia Pacific | Asia Pacific area asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. | |
| Other countries | Other countries area asset turnover ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
Area Asset Turnover: United States
Stryker Corp.; United States; area asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 12,321) | 10,455) | 10,957) | 9,848) | 9,059) |
| Net property, plant and equipment | 1,717) | 1,645) | 1,561) | 1,348) | 1,102) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 7.18 | 6.36 | 7.02 | 7.31 | 8.22 |
Based on: 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), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Area asset turnover = Net sales ÷ Net property, plant and equipment
= 12,321 ÷ 1,717 = 7.18
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Area Asset Turnover: Europe, Middle East, Africa
Stryker Corp.; Europe, Middle East, Africa; area asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 2,299) | 1,818) | 1,888) | 1,793) | 1,567) |
| Net property, plant and equipment | 941) | 938) | 838) | 669) | 718) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 2.44 | 1.94 | 2.25 | 2.68 | 2.18 |
Based on: 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), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Area asset turnover = Net sales ÷ Net property, plant and equipment
= 2,299 ÷ 941 = 2.44
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Europe, Middle East, Africa | Europe, Middle East, Africa area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Area Asset Turnover: Asia Pacific
Stryker Corp.; Asia Pacific; area asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 1,973) | 1,630) | 1,617) | 1,532) | 1,413) |
| Net property, plant and equipment | 76) | 91) | 95) | 96) | 107) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 25.96 | 17.91 | 17.02 | 15.96 | 13.21 |
Based on: 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), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Area asset turnover = Net sales ÷ Net property, plant and equipment
= 1,973 ÷ 76 = 25.96
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Asia Pacific | Asia Pacific area asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
Area Asset Turnover: Other countries
Stryker Corp.; Other countries; area asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 515) | 448) | 422) | 428) | 405) |
| Net property, plant and equipment | 99) | 78) | 73) | 178) | 48) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 5.20 | 5.74 | 5.78 | 2.40 | 8.44 |
Based on: 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), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Area asset turnover = Net sales ÷ Net property, plant and equipment
= 515 ÷ 99 = 5.20
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other countries | Other countries area asset turnover ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
Net sales
Stryker Corp., net sales by geographic area
US$ in millions
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| United States | 12,321) | 10,455) | 10,957) | 9,848) | 9,059) |
| Europe, Middle East, Africa | 2,299) | 1,818) | 1,888) | 1,793) | 1,567) |
| Asia Pacific | 1,973) | 1,630) | 1,617) | 1,532) | 1,413) |
| Other countries | 515) | 448) | 422) | 428) | 405) |
| Total | 17,108) | 14,351) | 14,884) | 13,601) | 12,444) |
Based on: 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), 10-K (reporting date: 2017-12-31).
Net property, plant and equipment
Stryker Corp., net property, plant and equipment by geographic area
US$ in millions
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| United States | 1,717) | 1,645) | 1,561) | 1,348) | 1,102) |
| Europe, Middle East, Africa | 941) | 938) | 838) | 669) | 718) |
| Asia Pacific | 76) | 91) | 95) | 96) | 107) |
| Other countries | 99) | 78) | 73) | 178) | 48) |
| Total | 2,833) | 2,752) | 2,567) | 2,291) | 1,975) |
Based on: 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), 10-K (reporting date: 2017-12-31).