Analysis of Geographic Areas
Thermo Fisher Scientific Inc. operates in 2 regions: United States and Other.
Area Asset Turnover
Thermo Fisher Scientific Inc., asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 3.47 | 3.78 | 3.39 | 4.46 | 3.99 |
| Other | 4.48 | 4.62 | 4.74 | 5.26 | 5.61 |
Based on: 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), 10-K (reporting date: 2019-12-31).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| Other | Other area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: United States
Thermo Fisher Scientific Inc.; United States; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 22,013) | 23,820) | 18,907) | 16,435) | 12,366) |
| Long-lived assets | 6,352) | 6,308) | 5,578) | 3,686) | 3,099) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 3.47 | 3.78 | 3.39 | 4.46 | 3.99 |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= 22,013 ÷ 6,352 = 3.47
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Area Asset Turnover: Other
Thermo Fisher Scientific Inc.; Other; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 20,844) | 21,095) | 20,304) | 15,783) | 13,176) |
| Long-lived assets | 4,652) | 4,565) | 4,286) | 3,001) | 2,349) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 4.48 | 4.62 | 4.74 | 5.26 | 5.61 |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= 20,844 ÷ 4,652 = 4.48
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other | Other area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Revenues
Thermo Fisher Scientific Inc., revenues by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 22,013) | 23,820) | 18,907) | 16,435) | 12,366) |
| Other | 20,844) | 21,095) | 20,304) | 15,783) | 13,176) |
| Consolidated | 42,857) | 44,915) | 39,211) | 32,218) | 25,542) |
Based on: 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), 10-K (reporting date: 2019-12-31).
Long-lived assets
Thermo Fisher Scientific Inc., long-lived assets by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 6,352) | 6,308) | 5,578) | 3,686) | 3,099) |
| Other | 4,652) | 4,565) | 4,286) | 3,001) | 2,349) |
| Consolidated | 11,004) | 10,873) | 9,864) | 6,687) | 5,448) |
Based on: 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), 10-K (reporting date: 2019-12-31).