AbbVie Inc (ABBV)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 12,983,000 | 6,586,000 | 7,128,000 | 6,490,000 |
| Total assets | US$ in thousands | 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 | 89,115,000 | 59,441,000 | 57,142,000 | 56,769,000 |
| Operating ROA | 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% | 14.57% | 11.08% | 12.47% | 11.43% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $12,757,000K ÷ $134,711,000K
= 9.47%
Operating return on assets (operating ROA) measures Abbvie Inc's ability to generate operating profits from its assets. Looking at the trend over the past eight quarters, operating ROA has shown some variability, ranging from a low of 9.91% in Q4 2023 to a high of 13.97% in Q1 2022.
The decreasing trend from Q1 2022 to Q4 2023 indicates a slight decline in the company's efficiency in generating operating profits relative to its assets. However, with a range of 9.91% to 13.97%, Abbvie Inc has generally maintained a healthy level of operating ROA, demonstrating effective operational management.
Investors and stakeholders may want to monitor the company's operating ROA closely to ensure that Abbvie Inc continues to effectively utilize its assets to generate profits in the long term. It would also be important to assess the company's strategies and operational performance to understand the factors influencing its operating ROA.
Peer comparison
Dec 31, 2023