AbbVie Inc (ABBV)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 9,137,000 | 13,822,000 | 12,272,000 | 12,787,000 | 12,757,000 | 15,064,000 | 17,386,000 | 16,168,000 | 18,117,000 | 17,689,000 | 17,392,000 | 18,538,000 | 17,924,000 | 16,603,000 | 15,552,000 | 11,863,000 | 11,363,000 | 11,566,000 | 10,928,000 | 13,576,000 |
| Total assets | US$ in thousands | 135,161,000 | 143,422,000 | 141,937,000 | 148,874,000 | 134,711,000 | 136,221,000 | 135,367,000 | 134,544,000 | 138,805,000 | 141,325,000 | 143,186,000 | 143,211,000 | 146,529,000 | 148,858,000 | 147,972,000 | 150,501,000 | 150,565,000 | 149,621,000 | 149,530,000 | 91,199,000 |
| Operating ROA | 6.76% | 9.64% | 8.65% | 8.59% | 9.47% | 11.06% | 12.84% | 12.02% | 13.05% | 12.52% | 12.15% | 12.94% | 12.23% | 11.15% | 10.51% | 7.88% | 7.55% | 7.73% | 7.31% | 14.89% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $9,137,000K ÷ $135,161,000K
= 6.76%
Operating return on assets (Operating ROA) is a key financial ratio that measures a company's efficiency in generating operating profits from its assets. For AbbVie Inc, the operating ROA fluctuated over the period analyzed.
From March 31, 2020, to September 30, 2021, the operating ROA showed a general increasing trend, indicating improving efficiency in generating operating profits from the company's assets. The ratio ranged from 14.89% on March 31, 2020, to 11.15% on September 30, 2021, demonstrating relatively strong performance during this period.
However, from December 31, 2021, to December 31, 2024, the operating ROA exhibited more volatility, with fluctuations in the range of 6.76% to 13.05%. This variability suggests some challenges or changes in the company's operations impacting its ability to generate profits from its assets consistently.
The highest operating ROA was recorded at 13.05% on December 31, 2022, while the lowest was observed at 6.76% on December 31, 2024. This indicates a wide performance range for AbbVie Inc in terms of efficiency in utilizing its assets to generate operating profits.
Overall, AbbVie Inc's operating ROA trended upwards initially, showing signs of improved efficiency, but experienced fluctuations in later periods. Further analysis would be needed to understand the factors driving these changes and their implications for the company's operational performance and asset utilization efficiency.
Peer comparison
Dec 31, 2024