Analysis of Geographic Areas
Zoetis Inc. operates in 2 regions: United States (U.S.) and International.
Area Profit Margin
Zoetis Inc., profit margin by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States (U.S.) | 62.85% | 64.06% | 63.56% | 62.95% | 62.60% |
| International | 52.08% | 54.06% | 53.34% | 50.97% | 50.03% |
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 profitability ratio | Geographic area | The company |
|---|---|---|
| Area profit margin | United States (U.S.) | United States (U.S.) area profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
| International | International area profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Area Profit Margin: United States (U.S.)
Zoetis Inc.; United States (U.S.); area profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Earnings | 2,863) | 2,763) | 2,569) | 2,239) | 2,005) |
| Revenue | 4,555) | 4,313) | 4,042) | 3,557) | 3,203) |
| Area Profitability Ratio | |||||
| Area profit margin1 | 62.85% | 64.06% | 63.56% | 62.95% | 62.60% |
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 profit margin = 100 × Earnings ÷ Revenue
= 100 × 2,863 ÷ 4,555 = 62.85%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area profit margin | United States (U.S.) | United States (U.S.) area profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Area Profit Margin: International
Zoetis Inc.; International; area profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Earnings | 2,037) | 1,990) | 1,948) | 1,547) | 1,487) |
| Revenue | 3,911) | 3,681) | 3,652) | 3,035) | 2,972) |
| Area Profitability Ratio | |||||
| Area profit margin1 | 52.08% | 54.06% | 53.34% | 50.97% | 50.03% |
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 profit margin = 100 × Earnings ÷ Revenue
= 100 × 2,037 ÷ 3,911 = 52.08%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area profit margin | International | International area profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Area Return on Assets (Area ROA)
Zoetis Inc., ROA by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States (U.S.) | 136.85% | 151.81% | 156.84% | 150.67% | 149.40% |
| International | 183.18% | 213.29% | 248.47% | 216.06% | 248.66% |
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 profitability ratio | Geographic area | The company |
|---|---|---|
| Area ROA | United States (U.S.) | United States (U.S.) area ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
| International | International area ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area ROA: United States (U.S.)
Zoetis Inc.; United States (U.S.); area ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Earnings | 2,863) | 2,763) | 2,569) | 2,239) | 2,005) |
| Property, plant and equipment, less accumulated depreciation | 2,092) | 1,820) | 1,638) | 1,486) | 1,342) |
| Area Profitability Ratio | |||||
| Area ROA1 | 136.85% | 151.81% | 156.84% | 150.67% | 149.40% |
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 ROA = 100 × Earnings ÷ Property, plant and equipment, less accumulated depreciation
= 100 × 2,863 ÷ 2,092 = 136.85%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area ROA | United States (U.S.) | United States (U.S.) area ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area ROA: International
Zoetis Inc.; International; area ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Earnings | 2,037) | 1,990) | 1,948) | 1,547) | 1,487) |
| Property, plant and equipment, less accumulated depreciation | 1,112) | 933) | 784) | 716) | 598) |
| Area Profitability Ratio | |||||
| Area ROA1 | 183.18% | 213.29% | 248.47% | 216.06% | 248.66% |
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 ROA = 100 × Earnings ÷ Property, plant and equipment, less accumulated depreciation
= 100 × 2,037 ÷ 1,112 = 183.18%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area ROA | International | International area ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover
Zoetis Inc., asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States (U.S.) | 2.18 | 2.37 | 2.47 | 2.39 | 2.39 |
| International | 3.52 | 3.95 | 4.66 | 4.24 | 4.97 |
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 (U.S.) | United States (U.S.) area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
| International | International area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: United States (U.S.)
Zoetis Inc.; United States (U.S.); 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) | |||||
| Revenue | 4,555) | 4,313) | 4,042) | 3,557) | 3,203) |
| Property, plant and equipment, less accumulated depreciation | 2,092) | 1,820) | 1,638) | 1,486) | 1,342) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 2.18 | 2.37 | 2.47 | 2.39 | 2.39 |
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 = Revenue ÷ Property, plant and equipment, less accumulated depreciation
= 4,555 ÷ 2,092 = 2.18
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States (U.S.) | United States (U.S.) area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: International
Zoetis Inc.; International; 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) | |||||
| Revenue | 3,911) | 3,681) | 3,652) | 3,035) | 2,972) |
| Property, plant and equipment, less accumulated depreciation | 1,112) | 933) | 784) | 716) | 598) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 3.52 | 3.95 | 4.66 | 4.24 | 4.97 |
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 = Revenue ÷ Property, plant and equipment, less accumulated depreciation
= 3,911 ÷ 1,112 = 3.52
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | International | International area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Revenue
Zoetis Inc., revenue by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States (U.S.) | 4,555) | 4,313) | 4,042) | 3,557) | 3,203) |
| International | 3,911) | 3,681) | 3,652) | 3,035) | 2,972) |
| Total | 8,466) | 7,994) | 7,694) | 6,592) | 6,175) |
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).
Earnings
Zoetis Inc., earnings by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States (U.S.) | 2,863) | 2,763) | 2,569) | 2,239) | 2,005) |
| International | 2,037) | 1,990) | 1,948) | 1,547) | 1,487) |
| Total | 4,900) | 4,753) | 4,517) | 3,786) | 3,492) |
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).
Property, plant and equipment, less accumulated depreciation
Zoetis Inc., property, plant and equipment, less accumulated depreciation by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States (U.S.) | 2,092) | 1,820) | 1,638) | 1,486) | 1,342) |
| International | 1,112) | 933) | 784) | 716) | 598) |
| Total | 3,204) | 2,753) | 2,422) | 2,202) | 1,940) |
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).