AbbVie Inc (ABBV)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 56,334,000 | 54,318,000 | 58,054,000 | 56,197,000 | 45,804,000 |
| Total assets | US$ in thousands | 135,161,000 | 134,711,000 | 138,805,000 | 146,529,000 | 150,565,000 |
| Total asset turnover | 0.42 | 0.40 | 0.42 | 0.38 | 0.30 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $56,334,000K ÷ $135,161,000K
= 0.42
AbbVie Inc's total asset turnover has shown a generally increasing trend over the past five years. Starting at 0.30 in December 2020, the ratio has gradually improved to 0.42 by December 2024. This indicates that the company generated $0.30 in revenue for every dollar of assets in 2020, and this figure has increased to $0.42 in 2024. The higher the total asset turnover, the more efficiently the company is utilizing its assets to generate revenue. This improvement suggests that AbbVie Inc has been able to increase its revenue relative to its asset base over the period, which could be a sign of improved operational efficiency and effective asset management.
Peer comparison
Dec 31, 2024